Is London property as expensive as some think?

[Thankyou4calling]

I'm pretty familiar with London property prices and know via frequent visits to Rightmove how much it can cost to buy in most areas.

How does it compare though to other major cities ?

New York, Paris, Barcelona/Madrid, Berlin, Tokyo, Rio etc.

What areas in these cities would compare to Kensington, Hammersmith, Hackney, and if you took suburbs, how much would you pay for comparable properties in the suburbs similar to Twickenham, Purley or Woodford.

And what are the property costs like relative to our council tax, 1/2 percent estate agent fees and so on.

I know it's a big question but does any one have examples?

[Thankyou4calling]

One of the reasons I posted is because you often find people say how cheap property is in other countries when they aren't comparing areas similar to those in London.

It's all very well saying you can buy a four bed house 30 minutes from Alicante for 125k but Alicante isn't the capital of Spain.

[Thankyou4calling]

I went on Rightmove and put in "London maximum £250,000"

More than 1000 properties come up, flats, houses all sorts.

Now, if the fella was a teacher and the girl a nurse there income would be around £55/60,000, maybe more in London.

So those properties are easily within the mortgage range.

I accept, they aren't the best places in the best areas, but as a first time buyer maybe expectations are too high.

Ny first property was a maisonette in Brockley, a nice place but not the sort visitors would admire, but then you move up the ladder.

It's easy to quote prices in Hampstead and Chiswick but maybe people should be more realistic in their first step on the ladder.