March 13, 2023

There was a period when having a house worth more than £1 million (currently about $1.186 million) in the British city signified something. Not any longer, though. According to official government statistics from the United Kingdom, the typical price of selling property in London is £537,510 (about $637,200). However, owning a seven-figure home in the nation’s capital is becoming increasingly standard. The average selling price of a home in 41% of London’s 283 postcode areas was £1 million or more as of November 2022, according to data from the estate agency Hamptons.  In the two years between 2021 and 2022,