House price growth hits six-year high as pandemic fails to quell demand December 30, 2020 House prices grew at the fastest rate in six years in 2020, a respected tracker has revealed. Property prices skyrocketed by 7.3 per cent across the year, according to the Nationwide House Price Index. Home prices increased by 0.8 per cent in December alone. Read more: A booming Britain will need a broadband boost The [...]
UK housing market ‘to grow four per cent’ in 2021 December 14, 2020 British house prices are set to grow an average of four per cent in 2021, according to property website Rightmove, despite the looming end of a tax break and forecasts of rising unemployment. Rightmove said asking prices for property first advertised between 8 November and 5 December were 6.6 per cent higher than a year [...]
London ranks sixth most expensive city in the world December 14, 2020 London is the sixth most expensive location to live in the world, a report by ECA International revealed.
Sadiq Khan launches £1m Resilience Fund for London’s post-pandemic recovery December 4, 2020 The Mayor of London announced the launch of a £1m Resilience Fund, partnering community groups and innovation experts to tackle London’s most pressing challenges. The Resilience Fund will be delivered in partnership with Nesta Challenges, an innovation foundation. Local authorities, public agencies, social enterprise will be asked to identify specific challenges they need solved. Sadiq [...]
Planning permission granted for 454 new homes in Wembley November 27, 2020 Brent Council has given the green light on building 454 new homes, including 40 per cent affordable housing, next to Wembley Park underground station. The scheme covers a 1.6-acre site, and will be delivered across five buildings. The new homes will be a mixture of studios, one, two and three-bedroom apartments. The affordable homes will [...]
OBR forecasts house prices to fall next year as furlough and stamp duty holiday end November 25, 2020 House prices are expected to fall next year due to the end of the stamp duty holiday and a hit to household incomes when the furlough scheme draws to a close.
London rental growth slows to lowest rate in three years November 18, 2020 Private rental prices in London grew 0.9 per cent in the 12 months to October, compared to 1.2 per cent growth the previous month
London Tories slam Mayor Sadiq Khan over housing pledge and say he’ll miss home completion targets October 29, 2020 New figures reveal less than a third of the homes London's mayor started building in his first term have been completed.
Sadiq Khan urges ministers to build more London council houses to ease post-pandemic inequality October 21, 2020 Mayor of London Sadiq Khan has urged ministers to significantly increase the number of council houses in London, in a bid to offset increasing wealth disparities caused by the Covid-19 pandemic. Khan today launched a major new report calling on the government to “stop blocking the aspiration of London’s councils to build” and urging ministers [...]
Majority of Londoners plan to stay in capital despite pandemic fallout October 21, 2020 Londoners have remained loyal to their city throughout the coronavirus crisis, with the bulk of people in the capital pledging not to leave the city despite fresh Tier 2 restrictions and work from home orders, according to new research. Just seven per cent of Londoners plan to pack up and flee the capital in the [...]