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9th October 2015
Matthew Lynn argues in the Telegraph that none of the London mayoral candidates seem to grasp the scale of the opportunities, or are pushing the kind of radical, pro-growth policies that London needs.. Lynn says none of the policies by any candidate on issues such as housing, transport and business offers solutions for the capital’s continued growth. London Assembly Labour member Valerie Shawcross argues that Labour candidate Sadiq Khan will prioritise London’s housing crisis.
The Daily Telegraph (06/10/2015) Evening Standard (05/10/2015)
9th October 2015
The number of house sales in the UK increased 3% to 106,480 in August – the highest monthly total since February 2014, when the introduction of the Government's Help to Buy scheme boosted sales to 109,030, according to the Halifax house price index. Average property prices are up 8.6% to £202,859 in the year to September. However, month-on-month they dropped 0.9% from August.
The Times (07/10/2015)
2nd October 2015
Writing in the Telegraph, Richmond Park MP and Conservative candidate for Mayor in 2016 Zac Goldsmith says London faces a 1.5m increase in its population by 2030 and a change in housing policy is needed if that figure is to be viable. He says there are 3,500 housing estates approaching the end of their lives in the city which are ripe for redevelopment into low-rise, high-density streetscapes. He also reveals that a land commission for the capital is set to identify all of the brownfield land in public ownership to uncover developable sites as the city needs to create 50,000 new homes a year. Mr Goldsmith calls for a pan-London investment fund that would directly finance a new generation of homes for investors seeking long-term, low-risk, medium-return investments.
The Daily Telegraph (29/10/2015)
2nd October 2015
A report from shadow housing minister John Healey and Labour mayoral candidate Sadiq Khan suggests that London house prices will rise to £751,000 by 2020, meaning the average 20% deposit could be £150,000. The report also claims that rent could cost £21,000 a year by 2020.
Evening Standard (29/10/2015)
2nd October 2015
The FT examines the London Underground Rent Map, a tube station map that also displays the average monthly cost of renting a one-bed flat within a one kilometre radius, which has gone viral on social media. The average rent for a one-bed flat within walking distance of a Tube station is said to be £1,327 and of all the Tube stations in London, only a quarter have one beds to rent costing £1,000 a month or less. Canary Wharf comes in slightly above the average, at £1,544; Canning Town will set a renter back £1384, Canada Water £1340, and Bromley-by-Bow £1228.
Financial Times (01/10/2015)
2nd October 2015
Research from Savills shows that number of London wards where properties have an average sale price of more than £1m has risen from 17 to 50 in five years. The number of wards where average house prices are between £750,000 and £1m has also climbed, with 53 now in the category.
The Times (02/10/2015)