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4th September 2015
The Vauxhall Nine Elms Battersea development is planned to become the next upmarket central London quarter. Attached to the project are other developments, which together include the rehousing of the US embassy, food markets, luxury hotels and upmarket apartments, with designs from Norman Foster, Frank Gehry and Donatella Versace. Deborah Orr hopes in The Guardian that the character of the area will not be sterilised.
The Guardian
4th September 2015
Croydon is on its way to becoming the next London hotspot, as £5bn is being invested in the area over the next five years. One of the main developments is Boxpark, which includes shops, restaurants and bars in 80 recycled shipping containers, and an event space for 2,000 people, and is set to open next year. The area is also becoming increasingly attractive to tech start-ups.
Evening Standard
4th September 2015
David Lammy, one of Labour’s London mayoral candidates, has revealed his plans to address the housing crisis in the capital, including the building of 30,000 homes on public land and creating a new type of tenure in the UK housing market. The homes, which he said would be available for as little as £150,000, could only ever be sold to first-time buyers and would be sold with conditions on the leasehold intended to stop the price rising in line with normal London house price inflation. The buyers would be able to sell for up to 10% above cost price, but only after having lived in the home for a long time.
The Guardian
4th September 2015
London mayoral hopeful Dame Tessa Jowell says her proposed Homes for Londoners agency would cut developers out by placing City Hall in charge of building homes on nearly 6,000 acres of Transport for London land, saying firms were making up to £135,000 for every new home built.
Evening Standard
4th September 2015
A new report from SpareRoom.co.uk has shown that the average cost of renting a room in London has risen to over £743 per month. The report has also revealed that 10% of all listings on the website are now priced above £1,000 a month. SpareRoom.co.uk has made a list of the ten cheapest areas to rent in London, including Abbey Wood, Plumstead and Woolwich.
Evening Standard
4th September 2015
A new relaxation of planning rules will make it easier for developers to build on smaller spaces in the capital. However, London boroughs will be able to prevent what has been termed a potential 'building stampede' by giving areas conservation status. There are currently around 1,000 conservation areas in the city and this number could grow as a result of these new regulation changes.
Evening Standard