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7th November 2014
London has been the boom town for years, but house prices in the southeast are now rising even faster than in the capital. This trend is set to continue for years, as central London faces the possibility of a mansion tax curbing house prices that, says the Times. Last month, a study by Oxford Economics and Rightmove found that prices in southeast England would rise 37% by 2019, compared with growth of only 33% in London.
7th November 2014
In an open letter to the Evening Standard, more than 30 leading figures have called on the Government to give London a full range of property tax powers. They also demand the capital have control over health, childcare, schooling and the criminal justice system. The letter goes on to say that there are no guarantees that London will remain a city superpower if these challenges are not met.
Evening Standard (04/11/14)
7th Novemberr 2014
Canning Town is set to become a hot spot for first-time buyers in the capital, with extensive redevelopments planned in the area. In September, Boris Johnson committed to building 1,000 rental homes for young Londoners and the average property price comes in well below the £500,000 London average, at £342,435.
Evening Standard (06/11/14)
7th November 2014
From early November, buyers who reserved flats in Riverlight – the first development to be completed in the Nine Elms district – will be handed possession of their new homes. Boris Johnson has described the renewal of Battersea and Nine Elms as “the greatest transformational story in the world’s greatest city”.
Evening Standard (06/11/14)
7th November 2014
SouthwarkCouncil has voted to allow the construction of a new 26-floor residential tower block that will contain 148 luxury flats, next to the Shard in London. The block will replace Fielden House, a 1950s office building.
7th November 2014
Wealthy foreigners will no longer be forced to buy property in Britain in order to obtain a visa as concerns grow that they are blocking Londoners out of the housing market.