London property prices tend to vary from borough to borough, and some locations are considered expensive simply because of the postcode. However, this isn’t always justified, and can lead to contrasts in how London property values are perceived vs. actual property values.
To understand this, we surveyed 2,000 new and prospective first-time buyers - those who have bought in the last five years and those who are planning to buy in the next five years - and asked them to estimate the value of homes across London.