- The average London home fell 3.7% to £545,000 — but rent hit an all-time record of £2,791/month. Both numbers are true. Neither one is the whole story. - The "crash" headlines are mostly about £5m+ sales, down 36% — driven by the UK scrapping non-dom tax status, not by houses becoming less desirable. - What's actually falling is flats (what most renters our age deal with). What's rising is houses. One "average" is quietly describing two completely different markets.