A dilapidated bungalow in Peckham has sold at auction for £920,000 - £330,000 above the guide priceRead the full story ›
As house prices in London reach an all-time high, the average property could come with a price tag of £1 million by 2020.Read the full story ›
New research suggests that Londoners often pay twice the price for their houses compared to those who live a short commute out of the cityRead the full story ›
First time buyers in London now need an average annual income of £77,000 - nearly double the amount required in the rest of the country.Read the full story ›
There's been an increase in the number of first time buyers entering the London property market. Marsh & Parsons' latest London Property Monitor shows they account for 28% of purchases in the three months to March 2015, up from 21% in the previous quarter. Investors account for 29% of sales. It also found one-bedroom properties have risen in value by £75 a day over the past year.
A group of tenants are to move into a block of luxury flats in central London for just £153.50 a week in rent.Read the full story ›
Research into property prices has found London has more areas with an average price of more than £1m than anywhere else in the UK.Read the full story ›
London home buyers are feeling the housing crisis more sharply than anywhere else in Britain. The Chartered Institute of Housing found that 76 per cent of people in the capital believe there is a housing crisis in their local area. 81% of Londoners said there is a housing crisis in Britain.
"As our poll shows, this sense of crisis is most strongly felt by people in London, where prices are highest. Many areas are well on the way to becoming out of bounds to all but the very wealthiest households - if things carry on as they are ordinary people will simply not be able to afford to live in many areas of the capital."
Wandsworth Council wants to build 18,000 homes in the next ten years.
They say it's in response to years of undersupply and rapid population growth.
It's part of the 'Wandsworth Housing Offer' and aims to provide a broader range of types of home and to improve housing standards.
If approved, it will be a 60% increase on their previous home building target.
"Our key objective is to sustain a significant increase in housing supply with a focus on providing opportunities for the diverse range of households living and moving here.
This includes older householders, the sons and daughters of our existing residents and the young singles and couples who make up an important part of the borough population."
House prices in a third of all London boroughs fell in November, compared to the previous month. That's according to the LSL/Acadata house price index. Southwark experienced the biggest average price drop of 3.1%, while Hounslow recorded the largest average rise of 4.3%.
Typically the capital and South East lead the way in price growth but it was stronger growth in other areas which pushed the average house price up by 9.6% in England and Wales last year to £278,997.
The borough of Kensington and Chelsea recorded the highest average price in London of £2,006,778 in November, down 1.3%. At the other end of the scale is Barking and Dagenham, where the average home costs £222,033.