Salary of typical London homebuyer hits €147,511 as house prices surge

The average buyer of a home in London now earns a record £104,000 (€147,511) a year as apartment and house prices surged.

Home buyers in the UK capital typically borrow an average of £340,000, according to data compiled by the UK’s Office for National Statistics for the three months to the end of September.

The previous record for earnings was £98,000 in the second quarter.