House prices go up by a designer Mulberry bag a day

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Every day house prices in London are rising by £729, the same as a designer handbag (probably a Celiné if you're after a four bed).

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Over the past year house prices in London have gone up by an average of £729 a day. Every, single, day.

In handbag economics - that's about the same as an Effie Hobo bag or a small Bayswater satchel at Mulberry.

London estate agent Marsh & Parsons have said that since April 2013, house prices in the capital have risen by 19%. According to the Huffington Post, this means that at the current rate of growth, property in central London areas will cost an average £2m by 2016.

So technically, investing in London property now could actually end up paying you more than your job in the long run. That's if you can afford the deposit of course.

But this can't continue to go on, can it?

"It's difficult to see how prices can fall while demand for property remains so high," explained Marsh & Parsons chief executive Peter Rollings.

"Compared to the same point last year, we have seen a 20% increase in demand and a 25% fall in the supply of property. Prime London is still a strong sellers' market and jackpot prices are fast becoming the norm."

You know that Sex and the City episode where Carrie works out that she can't afford to buy her flat because she's squandered all her money on shoes? Yeah.

Let's watch a crappy recording of it to make ourselves feel better:



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