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House price growth slows in London

House prices in five UK cities have been rising faster than in the capital.

Findings by Hometrack found house price growth in London slowed by two-thirds in the last quarter to 0.5%. That is compared to 1.4% three months ago.

Meanwhile property in Edinburgh, Glasgow, Southampton, Bristol and Birmingham rose at a faster pace in the three months to November.

Edinburgh (1.8%) and Glasgow (0.9%) registered the fastest house price inflation in the last quarter, as demand fed back into the market post-referendum.

The greatest reversal was seen in Aberdeen (-0.4%) and Cambridge (-0.2%), but Oxford (0.3%), Cardiff (0.2%) and Bournemouth (0.1%) also showed pronounced slowdowns.

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Mount Pleasant: Your views

You've been giving us your thoughts on the Mayor's approval of plans to redevelop the Royal Mail site at Mount Pleasant - where affordable rents could be set at up to £2,800 per month for a family home.

Visit us on Facebook at www.facebook.com/ITVLondon or tweet us @itvlondonto share your views.

Is he off his head !!! affordable to whom.Get real Boris.!!!

– Jan Black

Stupid prices , I don't even earn that amount in a month , all he is doing is pushing the normal working class people out of London !!!! Disgraceful

– Lesley-Anne Datta

I was born and bred in Islington, moved out 16 years ago couldn't afford to live there then!!

– Michelle Curland

In what world is £2800 a month affordable. If people could afford that, they could afford to buy somewhere!

– Carolyn Kellaris

I live in Islington, and THAT is not an 'affordable' rent! What part of 'affordable does that excuse for a mayor not understand?? To call that an affordable rent beggars belief!!

– Anne Fallon

Postal workers union hits out at Mount Pleasant development

London is in desperate need of truly affordable decent housing and Boris failed in his duty as Mayor today by approving this planning application.

Boris says he is committed to delivering affordable housing for Londoners, but he has no idea about what that actually means for people working in the capital.

It's an absolute travesty that postmen and women working just next door will be priced out of this luxury development at Mount Pleasant.

– Billy Hayes, general secretary of the Communication Workers Union

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'Affordable' rents in new development up to £2,800 per month

A leaked report on the redevelopment of the Royal Mail site at Mount Pleasant in Clerkenwell reveals that the Mayor plans to charge up to £2,800 per month for 'affordable' flats.

An artist's impression of the potential development on the Mount Pleasant site Credit: Royal Mail Group

Boris Johnson is expected to grant consent for the development today.

The new site would contain 98 'affordable' rent apartments - with the report suggesting tenants could be charged £1,170 per month for a one bedroom flat, up to £1,690 for a two bedroom and up to £2,800 per month for a four bedroom family home.

The Guardian estimates that a family living in one of the four bedroom flats would need an income of £100,000 to make it affordable.

It's making a complete mockery of the term 'affordable'.

Boris Johnson doesn't really understand social housing in London - or he doesn't care - either way, Londoners are missing out on a great opportunity here for more affordable housing in the middle of London.

– James Murray, Islington Council

More than half support Labour's mansion tax proposals

Kensington and Chelsea is the capital's most expensive borough - where the average price of a home is more than £1 million Credit: Reuters

More than half of consumers believe Labour's proposals for a mansion tax on properties worth over £2 million are a good idea - but over a third still think the plans are unfair.

The results come from a national survey by Rightmove - who found that 52% supported the proposals while 38% thought it would be a bad idea.

London would be disproportionately hit by the tax if - with 72% of the affected properties in the capital, and a further 16% in the South-East.

Estate agents have criticised the move as effectively being a tax on Londoners who already have to battle with stamp duty charges due to rocketing house prices:

If the mansion tax is introduced, those sellers who have had their homes valued at over £2 million will need to lower their expectations on the deal they'll be able to get, in the same way stamp duty bands affect asking prices.

Whilst it could help raise funds for other causes, according to our survey there are a large proportion of people who wouldn't be affected by it who still think it's unfair.

– Miles Shipside, Rightmove director

Boris to make final decision on Royal Mail flats

Royal Mail's Mount Pleasant site in North London. Credit: John Stillwell/PA Wire.

Boris Johnson is today expected to approve controversial plans to redevelop land at Royal Mail's Mount Pleasant sorting office in North London.

The proposals include hundreds of flats but have been criticised for their low proportion of affordable homes.

The mayor chose to take the final decision away from Islington and Camden councils after a request by Royal Mail.

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