Thursday, September 23News For London

Tag: affordable housing

Four alternative ways of living in London

Four alternative ways of living in London

Culture, Experience, Galleries, Housing, Media, News, Social media
With the cost of rent skyrocketing out of reach for many living in the capital, four Londoners have managed to find affordable ways to live that could prove to be viable solutions in the urban housing crisis.  Meet David, a Scottish bus driver. David has endured great instability in his life over the last year. After getting deported from Canada, David found himself homeless in the UK. Until now. David just moved into his new home in a converted shipping container in Walthamstow. This affordable housing project, mYPad, is the brainchild of the YMCA. The mYPad project, as David explains, is about “moving in people and enabling them to save money to move on.” David is not alone. According to Crisis.org, the affordable housing shortage in London has left over 8,000 people “sleeping ro
Are people deserting London amid acute housing crisis?

Are people deserting London amid acute housing crisis?

DontUse, Housing, Media, News, Social media
Northern regions of the UK are becoming a better choice than London for UK property investors, revealed a report on Friday. Hometrack report stated that England’s northern parts such as Manchester have a better prospect for capital growth. According to Hometrack’s UK Cities Index, there was a decline in the headline growth for London, which is now 6.9% down from 7.2% a month earlier. The figures were much higher a year ago with an index of 7.9%. Manchester has registered one of the greatest uplifts outside of southern England, with an increase of 8.3% last year. This, in comparison to the London figures, is more welcoming for property investors across the country. Ged McPartlin, sales director at Ascend Properties, told Property Investor Today, “For years we have stressed that the M
‘Affordable housing’ another empty Conservative promise…

‘Affordable housing’ another empty Conservative promise…

Data Journalism, Politics, Video
London’s housing crisis continues to escalate. The reality is with inflated house prices and soaring rents young Londoners are being driven out of the capital. With a new wave of 'generation rent' and controversial social housing issues, more and more Londoners have taken to the streets to express their growing discontent against the government's new Housing Bill. 'Affordable housing' appears a misnomer as new official figures reported that nearly 20 per cent of first time buyers paid record £500,000-plus for the privilege of purchasing a London home. According to KPMG research, first time buyers in London ‘need to earn at least £77,000’ to get on to the London property ladder that is nearly double the UK average salary. Payscale.com highlight the average London salary is £27K-£45K