If you have £2.3m a year spare, take our tour of One Hyde Park to see the kind of space you'd get for your money.
A new report shows how each London borough feels about the rise in cost of living and what they are most concerned about.
Gumtree, the go-to website for students looking for a cheap room, seems to be moving into the luxury home business!
Publicly owned sites should be sold-off to help ease London's housing crisis, according to a new report.
The report, called Home Truths, also calls for the creation of new communities in the south west and north east of London to meet burgeoning demand.
It recommends new suburbs are created, with Brimsdown, Chessington and Kingston upon Thames pinpointed for development.
The study was carried out by London First's Housing Task Force, which is made up of businesses from across the industry, from developers to housing associations.
Other things you could spend that monthly rent on:
- A 2 bedroom flat in Ilford
- A 3 bedroom house in Sidcup
- A brand new Ferrari California T (not available until next month)
- 6 diamond encrusted Rolex watches
- Shelter and bedding for 1,950 families in Typhoon torn Philippines
A rare opportunity to rent a five bedroom flat at the exclusive development One Hyde Park has come up. Few of the luxury apartments have appeared on the market as rental property, so this will be exciting news for some.
However, the price tag will put off most of us - a record breaking £195,000 a month.
London MPs today said their £66,400 salary was not enough to buy a home in their own constituencies. Hackney South and Shoreditch MP Meg Hillier said: “Even someone on the generous salary of an MP could not buy a flat in my constituency."
Lewisham East MP Heidi Alexander told the debate on London housing that, “The capital’s housing crisis is as much about the young professional couple unable to buy their first home as about the family of five who rent an overcrowded flat from a slum landlord.”
Diane Abbott, MP for Hackney North and Stoke Newington, said the £1million price tag for a family home in Hackney "means I couldn’t buy a family house there on an MP’s pay if I was starting out now."
Islington South and Finsbury Labour MP Emily Thornberry added, “There’s the smugness of Islington dinner parties where people talk of their home’s rising value. Then they wonder where their grown-up children will live.”
– Phil Barton, Keep Britain Tidy
Wepay £1billion in England each year to clean our streets – and this is a bill wecan’t keep paying.
Itis time everyone realised the scale of the task facing local authorities likeSutton in keeping the places we call home clean and tidy and initiatives likethis are vital if we are to educate people about the impact of their behaviour.
Thequestion we all need to ask ourselves is “When it comes to litter, which sideof the fence are you on?
The pile, over 10ft tall and just as wide in clear plastic bags,demonstrates how much street litter is collected each day at a cost of £4m ayear.
The council says that cost is the equivalent of running a library service for a year; repairing 100,000 potholes; providing 210 residential care places for the elderly; or building half a primary school.
Asking prices for houses in London have gone up by 7% since last year, the biggest jump in the country.
The new figures from Rightmove show the average house price in London is more than £500,000.
The most expensive home to be sold in the capital last year was in the One Hyde Park development in Knightsbridge - it fetched a massive £29.35 million.
Figures by the Land Registry also reveal that more than 500 properties - at a cost of £5 million or more - were sold in London during the same period.