Last year, the average flat for sale in London cost just over half a million pounds, and with purchase prices up 6% on the previous year, there's little hope of the property bubble crashing anytime soon.
According to Rightmove figures, a typical flat sold for £508,217 in 2016. Terraced properties sold for an average price of £645,982.
See also: The UK's best places to live
See also: First rent drop in six years driven by London declines
Overall, London has a sale price of £585,516 a property - with a £100,445 deposit per purchase.
That's compared with £376,200 in the south east, £311,202 in the east of England and £193,132 in the East Midlands.
While many Londoners don't have the luxury of quitting for life in the Midlands, it is possible to get on the property ladder for less than £500,000 - when you move to one of London's greater towns - beyond zone four.
But what are the cheapest areas to move to, and can you really save any money once you factor in the season ticket?
We've teamed up with TotallyMoney to uncover the towns around London that can offer you the biggest bang for your buck, factoring in travel time to London, the cost of a season ticket, life satisfaction and of course house prices.
The cheapest commuter towns - where residents are happiest
The research found Swanley in Kent to be London's best commuter town, closely followed by Bushey in Hertfordshire.
While the average house price in Swanley is £353,854, residents there can commute into London in just 29 minutes, for just under £3,500 a year.
On the other end of the scale, Virginia Water in Surrey was found to be the worst place for London commuters to live.
This isn't all that surprising, when the you consider that the average house price in the area is £1,421,304, the season tickets to London cost £3,664 and it takes 47 minutes to commute into the city.
The county of Kent arguably has the best stock of commuter towns, with Bushey and Sevenoaks all joining Swanley in the top 10.
If the most important thing to you is getting a few extra minutes in bed each morning then Slough in Berkshire should be where you are looking to move to.
You can catch a train from here to London in 17 minutes, but be warned, a season ticket will cost you £3,344.
Average house price: £353,854, cost of commute: £3,428, time in to London: 29 minutes
Average house price: £318,484, cost of commute: £3,092, time in to London: 21 minutes
Average house price: £438,385, cost of commute: £3,444, time in to London: 20 minutes
Average house price: £409,787, cost of commute: £3,528, time in to London: 31 minutes
Average house price: £221,241, cost of commute: £5,180, time in to London: 18 minutes
Average house price: £551,697, cost of commute: £4,592, time in to London: 20 minutes
Average house price: £659,851, cost of commute: £4,052, time in to London: 32 minutes
Average house price: £410,320, cost of commute: £4,060, time in to London: 35 minutes
Average house price: £388,522, cost of commute: £3,344, time in to London: 17 minutes
Average house price: £388,172, cost of commute: £2,568, time in to London: 28 minutes