London needs a £4.9bn annual Government subsidy to deliver enough affordable housing
A new report indicates that London needs a massive seven-fold increase in Government funding to deliver affordable homes
What to read next
The total value of London’s housing stock has fallen for the first time since 2009
The total value of UK residences climbed by 2.7% - or £190bn - in 2018, says Savills, but London saw a 1.5% drop; all the homes in Britain are now worth £7.29 trillion.
The Rise of ‘Necrotecture’: Half of London’s new-build homes are underused, claims academic
And 64% of London homes worth more than £5m are "empty", according to a new study by Rowland Atkinson, Chair of Inclusive Studies at Sheffield University
Survey highlights public concern over housing
“The housing crisis is an economic, social and human catastrophe," says the Chartered Institute of Housing. "But it can be solved"
Most read
Power struggle at major family-run estate agency
Boardroom rift heads to the High Court as AIM-listed firm launches proceedings against its chairman.
Star Douglas Elliman broker targets London’s super-prime market
Luxury NYC specialist secures exclusive US representation for raft of landmark developments as American demand continues to build.
Prime London transactions up 14% as more buyers come off the sidelines
Knight Frank says buyers and sellers have become 'hardened to the volatility' as latest numbers suggest an improving picture across the prime postcodes.
Developer & contractor convicted over fatal London tower incident
Foster + Partners cleared of health and safety breaches over fatal Corniche window fall; St James and Lindner Prater found guilty.
Georgian gem changes hands on Fitzroy Square in off-market deal
Demand for best-in-class homes is driving top-end activity in PCL, says agency behind latest benchmark sale.
UK Sotheby’s recruits former Anderson Rose director
Scott Joseph will cover Prime Central and North West London from the brokerage's St John's Wood office.
‘A home is the centre of family life, not an untapped tax stream’: Wealthy London boroughs unite against ‘mansion tax’
RBKC, Westminster, Richmond & Wandsworth say residents could end up paying more than half of the proposed national levy.
Agency lists Royal Tunbridge Wells’ historic town centre for sale with manorial title
'This is one of the rarest offerings to reach the UK property market in a generation,' say BNP Paribas Real Estate and Strutt & Parker.
Rhodium hires former Nobu exec to lead global growth push
Dean Main's luxury property consultancy brings in Diane Daudin-Clavaud as Chief Development and Strategy Officer.
Record-breaking $70mn mansion sale in Silicon Valley as ‘AI investment fever’ fuels luxury market
Andrew Skurman & Suzanne Tucker-designed estate is Northern California's biggest resi deal of the year.
LATEST ARTICLES
‘The industry is changing dramatically’: Russell Simpson’s Bertie Russell on growing the family business & the future of prime agency
PCL agency boss discusses carving out a place between the corporates and brokers, pushing into new prime London markets and keeping the boutique edge.
Property Vision International expands into the Balearics
Gaia Private Office joins buying agency’s growing roster of associates covering prime second-home hotspots around the world.
Savills profits jump 47% despite UK resi slowdown
Boss Simon Shaw is 'delighted with the significant improvement in performance' - although the UK residential business saw revenue & profits decline in H1.
My Property Career: Quickfire Q&A with Forsters’ Helen Marsh
Recruitment guru Barry Collins chats with prime resi industry leaders & entrepreneurs, distilling decades of experience & career highlights into 60 seconds.
Prime London rents pick up pace as growth hits 18-month high
Average values jumped 5.3% in July, reports LonRes, with PCL seeing an especially sharp turnaround.