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By Laura McGuire A bleak picture has been painted for prospective buyers in London in 2024, as a number of reports suggest that affordability will remain an issue this year. London has remained the most expensive part of the UK to purchase a home, due to the high demand to live in the capital. Average house prices in London decreased by 4.8 per cent in December, with an average price of £508k at the end of last year. Analysis,initially published in The Telegraph, has shown a Londoner on the average salary of around £40k would need to save for thirty years in order to pay a deposit for a home. …

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