This week, rent-obsessed Londoners have been getting very excited about plans to build affordable “micro-flats” in Zone 1.
Marketed at young, single people who dream of living centrally, the tiny apartments - which will have a floor space of either 19 or 24 square metres - are expected to cost between £700 and £1,200 per month.
But not everyone is convinced about the proposed scheme, which could provide almost 5,000 extra homes in London:
But are they right? Is this a sign that the crazy London housing market has officially gone one step too far?
We took a look at what a budget of between £700 and £1,200 - the cost of a proposed London micro-flat - could secure you in the UK right now.
London - Studio flat in Zone 1 for £1,200 per month
For £1,200 per month, you could live in this first-floor studio flat in Bloomsbury.
Located close to Russel Square tube station and Kings Cross, the apartment also boasts a separate kitchen and bathroom.
York - Two bedroom flat for £700 per month
Fancy living in historic York? For £700 per month, you could bag yourself this fully-furnished flat less than a mile from the city centre.
With two double bedrooms, an open plan lounge/diner and a rear courtyard, you certainly wouldn’t be short on space.
Birmingham - Two bedroom flat for £950 per month
For £950 a month, you could rent this swanky two bedroom apartment in Birmingham’s Jewellery Quarter.
The fully-furnished new development not only boasts open-plan living space and “visionary architecture”, but it also comes with your own allocated parking space.
Norwich: Three bedroom town house for £900 per month
One mile outside the centre of Norwich, £900 a month will get you a three-bedroom unfurnished townhouse in an award-winning development.
Just check out that fireplace.
Glasgow: Two bedroom apartment for £825 per month
£825 per month stretches a bit further in Glasgow than it does in central London.
For the price of one micro flat, you could rent a two bedroom furnished apartment with a huge open plan kitchen-living area and “great” transport links to the city centre.
Manchester: Two bedroom apartment with balcony for £995 per month
Want to live in a former Rolls Royce showroom in the centre of Manchester?
For £995 per month, you could afford this furnished apartment with two large double bedrooms and its own corner balcony.
Where do we sign?
Cardiff: One bedroom apartment with balcony and gym access for £850 per month
Okay, so this apartment in Cardiff and a micro flat in central London could both accommodate one person for £850 per month.
But the micro flat probably doesn’t come with a 24 hour concierge, off-road parking and full use of the in-house gym and pool.
Or its own balcony overlooking the river.
Liverpool: Three bedroom detached house for £800 per month
Fancy living in Liverpool? For £800 per month, you could rent an entire three bedroom detached house in the suburbs.
While it is unfurnished, you certainly wouldn’t be short of space - it has its own garage plus THREE gardens.