The gulf between London and Euro land.

Extract from an article in a recent Guardian/Observer
You pay more than ten times more for an 'apartment' in London than in Berlin.  How ****ed up is the UK economy?  But why???
Meelu and her fiance now rent a 110 sq metres apartment in a sought-after district that costs the same amount as her 9 sq metres room in Notting Hill once did. She once calculated that, if she were to move back to London and have the same quality of life as she does in Berlin, she would need to earn £230,000.