A new report has said that the cost of an average London home will soar by more than 40 per cent to almost £650,000 in just six years.
A London developer plans to build the tallest residential tower in the U.K. on a site in the city’s Canary Wharf area.
UK property prices are rising faster than at any time since 2010 according to a new survey - but why?
Critics who say the Mayor is failing to tackle London's housing crisis say he must use a keynote speech on the subject today to begin to tackle the problem.
Boris Johnson is launching his new draft Housing Strategy for the capital.
It was part of the Olympic legacy to provide new affordable housing for east London. But no-one has moved into the flats that housed the London 2012 athletes, because of delays. So families have been left with nowhere to live and no explanation. Our Political Correspondent Simon Harris reports.
Triathlon Homes has issued a statement saying it eagerly awaits the handover of homes from the ODA which it expects any day now. And the first residents could move in within a couple of days.
The Mayor's plans to build more affordable homes in London will be scrutinised today.
The London Assembly will ask a panel of experts if the Mayor will reach his target to build 55,000 affordable homes by 2015.
To reach his goal, around 9,000 new-build starts should have begun, but the committee says only a third of these were confirmed by the end of September.
The Prime Minister claimed today that the government's Help to Buy scheme is proving a big success - though figures have shown only a small proportion of people using the scheme are in London and the South East.
– David Cameron
"It's been said 'Will it be big enough?' Well, it's certainlygot off to an extraordinary start. Seventy-five families every day have takensteps to achieving their dream of home ownership.
"A third of a billion pounds of mortgages have so far beenagreed.
"We are not encouraging people to buy homes they can't affordor have mortgages they can't afford, we are helping them get mortgages they canafford.
"Secondly, it does help unlock the problem of a shortage ofhousing supply. Put frankly, the builders won't build, the developers won'tdevelop unless the buyers are able to buy.
Less than 20% of applications to the government's Help to Buy scheme are being made in London and the South East because of soaring house prices, new figures have shown.
The scheme, which means first time buyers can purchase a property worth up to £600,000 with a deposit of only 5%, is failing to take hold in the capital - where prices in some areas can be much higher. In Kensington and Chelsea, for example, the average house price is over £1,500,000.
A London home, thought to be Britain's most expensive council house, has been sold at auction for £2.96 million.
The 200-year old building, near Borough Market, had a reserve prince of £2.3 million.
It's hoped two London houses will become the most expensive council homes ever sold when they go under the hammer later.
The Borough Market properties are Grade II listed and have a guide price of £2.3 million pounds but experts predict they'll fetch far more than the asking price.
The 200-year-old building, which is around the corner from the fashionable Borough Market is on the south bank of the River Thames
It currently belongs to Southwark Council but was owned by the Anchor Brewery in the 19th Century. It still bears the "Take Courage" advert on the side of the building.
The Labour-controlled authority plans to use the millions raised from the sale to help meet the large costs of building and refurbishing council homes in the area.
According to the Department for Work and Pensionsif you're a couple with two children you are living in poverty if, afterhousing costs, you have £357 a week.
If you're a couple without children, that figure is £220 a week.