London house prices fall 3.8 per cent in third quarter in ‘subdued’ market October 2, 2023 The cost of a home in London has fallen annually by 3.8 per cent in the three months to September, narrowing from a 4.3 per cent fall in the previous quarter, as the housing market shows signs of remaining fairly subdued despite cooling inflation. According to Nationwide’s latest report on the market, house prices were [...]
London home to £41bn empty properties despite soaring buyer demand January 13, 2022 Some £41bn worth of empty homes are sitting vacant across the London market despite increased buyer demand. An estimated £200bn worth of homes are vacant across Britain, a 2.1 per cent increase on the previous alone. Estate agents Barrows and Forrester analysed government data to reveal that London is home to 80,295 empty properties with [...]
Bargain hunt: One in three London homes fetch lower asking price August 5, 2021 London’s property market has become a buyer’s market, driven by demand flowing out of the capital and into areas such as the commuter belt since the onset of the Covid crisis, according to new figures published today. Research by London estate agent Benham and Reeves reveals nearly one in three properties in the capital have [...]
Michael Gove: ‘I love Sadiq Khan and am here to help’, but London mayor may lose planning powers December 19, 2023 Michael Gove has said “I love Sadiq Khan” and told the mayor he is “here to help” as he warned City Hall risked losing planning powers for London.
MPs accused of renting out London homes with taxpayer cash November 12, 2021 Fourteen MPs have been accused of renting out homes using a parliamentary expenses scheme loophole while letting out properties they own in London. It gives the ministers a comfortable side income of at least £10,000 a year, while they use taxpayers’ money to rent other property in the city, The Times reported. Former attorney general [...]
Tory candidate Susan Hall says ‘I’ll be first female Labour mayor’ in gaffe October 1, 2023 Susan Hall promised to be the first “female Labour mayor” of London in a slip of the tongue at the Conservative Party Conference. The Tory candidate gave an upbeat speech about her chances of defeating Sadiq Khan in next year’s election, but ended her remarks with a gaffe. She said: “In 213 days’ time, [Khan] [...]
London is back: Influx of new residents picks up as 1 in 3 homes are let to tenants from outside the capital May 16, 2022 It has been revealed that nearly three in every 10 homes let in London so far this year have gone to people who were previously living outside the capital. Some 30 per cent of these properties have gone to tenants who were previously living elsewhere, according to research from sales and letting agent Hamptons, shared [...]
‘Urgent’ action required as London jobs market falls at steepest rate since Covid January 12, 2024 The jobs market in London has stalled, prompting calls for “urgent” action by the government to help boost growth in the capital
Cash-rich Ukrainians and Chinese swap Mayfair for St Johns Wood – as wealthy crave more space December 4, 2023 Rich tenants are ditching their traditional stomping grounds of Belgravia and heading to the leafier surroundings of St Johns Wood.
Chamber of Commerce warns new Gove housing reforms could ‘squeeze out’ economic activity from the capital February 13, 2024 Levelling up and housing secretary Michael Gove has announced plans to drive more so-called 'brownfield' site developments in London.