Property values in London have surged ahead of the rest of the country, recording a 19.1% year-on-year jump and taking the average property price in the capital to £514,000.
Nationally prices have reached a new record high of £272,000 on average after rising by 11.7% over the last year, according to figures from the Office for National Statistics.
An estate agents has calculated that residential property in London is now worth over £1.5 trillion.Read the full story ›
Homes in London cost an average of £42,000 higher if they are within five minutes' walk of a station, a survey has found.Read the full story ›
For the first time ever, the cost of renting in London is double what it costs across the rest of the UK.
New figures from the HomeLet Rental Index show the average rent in the capital is now £1,412, compared to £694 elsewhere.
It also revealed rent in London has increased 11.2% in the last 12 months.
A growing number of businesses in London are being evicted so their buildings can be turned into flats.
It follows a change to the law, which means full planning permission is no longer needed to convert commercial property in new homes.
Some councils are now criticising developers taking advantage of the situation to make a profit from the capital's booming housing prices.
Islington Council's executive member for housing and development, Councillor James Murray, said: "I'm very frustrated by the planning minister's decision to stop us doing what's right for Islington.
"We're already seeing small businesses and charities being evicted from offices to make way for bedsits. People in Islington are losing out on jobs, affordable housing, and any community benefit."
A studio flat in north London measuring just 3m by 2m has gone on the market for £780 a month.Read the full story ›
The government's flagship policy to help would-be home buyers is having the least impact in London and the South East across the whole country, according to a committee of MPs.
The Public Accounts Committee found that the 'Help to Buy' scheme has gained less traction in London and the surrounding region than the rest of the country, despite those areas having the greatest housing need.
It claimed that the policy has yet to prove that it will provide value for money in the long term, although it did note that the scheme had helped 13,000 home-buyers within nine months after launching last year.
There's a problem when it comes to building mega basements for the super rich. The diggers go so deep, it's difficult to get them out.Read the full story ›
It was the last, unusual, wish of the former owners of the property in south west London to be laid to rest beneath their lawn.Read the full story ›
Even the estate agent struggled to say anything nice about this place. But it doesn't seem to have put prospective tenants.Read the full story ›