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Londoners face a significant hit to their property buying power due to increased mortgage rates. Buyers in the capital now need an additional £35,500 for a deposit to afford the same home with identical monthly repayments.
Sales of new homes in London fell to 5,606 in the first half of 2026, a 37% drop on 2025. 4,629 completed units remain unsold, valued at £3.5bn, while 56 developments totalling 3,913 homes have been paused across the capital.
Westerham, a Kent market town of 4,498 residents, provides a 33-minute train to London Bridge from nearby Oxted. It features Chartwell, Winston Churchill’s former home, an annual country fayre, and an average house price of £653,234 over the past year.
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