Michael Robinson asks why London's homes are so expensive, and what the capital's booming housing market means for those who want to live there.
Last year, London's house prices rose by more than the entire GDP of New Zealand. Rents in the capital are almost double the national average. Meanwhile, wealthy investors are paying in cash for luxury homes which haven't even been built.
London's property market calls the tune for the rest of the UK. Michael Robinson asks how London came to be so expensive and what its continually ebullient market holds in store for those who wish to buy and rent there.