Over the past two decades housing affordability has declined fastest in London according to the Office for National Statistics. Kensington and Chelsea was the least affordable local authority where house prices were 35.8 times annual earnings. In 1977 average homes in England and Wales were 3.6 times annual earnings but by 2016 the multiple was 7.6. Office for National Statistics.
Finance
Mayor of London Approves 10,000 New Homes at Barking Riverside
A masterplan to provide 10,000 new homes, on a site that previously housed power stations and landfill in Barking, has been approved. The 180 hectare site on the north bank of the River Thames will have a target of 50% affordable homes. Mayor of London
Warehouse Conversion Opportunity in SE1
Opportunity to convert an existing commercial warehouse space into a large 6 storey house and also refurbish an existing Mews House, all within a short walk of The Shard, London Bridge Station, Borough Market and The Southbank. £3.2m. Caddinton Blue | UNAVAILABLE
