£100,000: the premium to buy your first home in London

We all know that houses in swanky parts of London like Kensington & Chelsea are extremely expensive. But it's not just multi-millionaires buying luxury homes in exclusive enclaves that pay a premium for property in the capital.

In fact, ordinary first-time buyers pay a shocking extra £100,000 for a London home compared to those getting on the ladder elsewhere in the UK, according to research from Halifax.
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