housing crisis in Capital
-
Latest property news
TikTok star accuses estate agents of racism when vetting tenants
Isaac Richman says he couldn't find somewhere to live because estate agents didn't believe a young black man could afford the rent.
Read More » -
Latest property news
Could floating homes solve London’s housing crisis?
Thousands of people would love to live in a luxury apartment in the heart of London, I certainly would and I have dreamt about having a home in one of those smart, former wharf buildings in St Katharine’s Dock, but, like many others, I cannot afford it – prices for a simple one-bedder are around the £1million mark. But maybe I can… Alex Prindiville had the same wish, to be close to his workplace in Limehouse, London, but all the apartments were out of financial reach. He investigated buying a houseboat, but found the space too confined. So, instead he commissioned master boatbuilders to construct a fabulous two-bedroom floating apartment using a wide beam barge with a hand-crafted hull. Alex, whose background is in engineering, was involved in designing the stunning interior. He’s moored his floating apartment at St Katherine’s Dock, a gently stroll from the showroom where he sells super cars. Constructed with a hand-crafted ‘Sheffield Keel’ hull, each wide-beam vessel is built as a completely new, purpose-built unit. The configuration provides a fully functional kitchen, fully functional bathroom, living room and two bedrooms. It comes with central heating, hot and cold water, telecommunications systems and all the modern conveniences…
Read More » -
Latest property news
Zac Goldsmith targets ‘rogue agents’
Zac Goldsmith has pledged to tackle the mounting housing crisis in the Capital in order to curb soaring house prices and rental values, as well as clampdown on high letting fees. Figures released by Goldsmith’s opponent, Labour’s Sadiq Khan, show that the average letting fee in the Capital has surged by 48 per cent since the last London Mayoral Election in 2012, reflecting a sharp rise in rents. The Tory mayoral candidate said the problem has been compounded by letting agents asking for a deposit equivalent to six weeks of rent, or at least one month’s rent in advance. While accepting that tenancy deposits are a necessity to protect landlords, the Richmond Park MP questions whether the fees being charged by letting agents are justifiable. “The agency fees are still very high – on average across London I think it’s around £330 and I don’t think people get £330-worth from their agents – it’s almost like a scam,” he said. “There are a lot of new businesses emerging where apps are being developed which I think very soon will effectively render the agents redundant.” London’s PRS has grown significantly over recent years. A decade ago private renting was 17 per…
Read More »




