Property prices in London increased over the 80 years more than 3000 times!

What does the Board game Monopoly to the London property?

The most direct. English company Halifax undertook a study, which compared the prices for property in London in various locations since the release of this game.

The area of London, Mayfair has become a landmark thanks to the world-famous Board game Monopoly, his most expensive at the time the value of this residential property. When the game Monopoly appeared 80 years ago, the cost of the apartment it was about £400 . It was very expensive, because, for example, on the old Kent road apartment cost was just £60.

It is interesting that today, as 80 years ago, the Streets of Mayfair is one of the most expensive, and the Street is the old Kent road is one of the cheapest. Now the average value of the property at the street in Mayfair is £1426689, and the average value of the property on the street old Kent road – £192174, based on data from the Halifax.

In the game of Monopoly involves quite a lot of the streets of London and if you take the average cost of a home in London in 1936, it was £208, but now the average price of residential properties on these streets will be £788106.

The area of Whitehall, being one of the cheapest areas in London to purchase the property in 1936, moved up in ranking by 10 positions and now occupy the sixth position among the most expensive areas to buy property in London.

The most significant drop in ranking lost street vine Street, where the average price today is compiled of £399818, but this street has lost eight positions, having fallen from 11th place in the list of the cheapest streets to 3 .

Street fleet Street has also significantly lost ground, falling from 13 seats of the cheapest streets in 1936, to sixth place today. Today, the average property price is £491902.

Comparing the value of the property at various London streets in the game Monopoly and the real price, which is now sold property in London, you can make a pretty realistic picture – what are the postcodes of London is really the most valuable and popular. One thing is clear – the real estate market of London is extremely diverse and popular, and property prices reflect this. The strong real estate market attracts buyers both from the UK and from abroad. And the most popular and sought-after streets have always been those where nearby are excellent schools, upmarket shops and supermarkets and easy access to the city and other business centers.

® Alice Morgan G. 02.07.2013