Wednesday, July 17News For London

Tag: housing crisis

Mayor Sadiq Khan pledges to end London housing crisis

Mayor Sadiq Khan pledges to end London housing crisis

Business, Housing, London, London Mayor, News, Politics, ReportingWeek2, Uncategorized
London has been notorious for being an expensive city to live in – the cost of housing has hit the roof and student accommodation becoming more expensive – the youth in London are at crossroads over the sudden boom in prices. In an effort to stabilise the real estate market, London’s Mayor, Sadiq Khan has agreed to another London MP that it is the need of the hour to adopt “a strategic approach to rent stabilisation and control” in order to combat the housing crisis. London has also been facing a homelessness crisis, which has been further amplified by Section 21, a law in which landlords can evict tenants after a fixed term ends or during a tenancy with no fixed end date or ‘periodic tenancy’ as it is known. The section has faced a lot of flak as it allows ‘no fault’ evictions which
1 in 5 UK citizens living in poverty

1 in 5 UK citizens living in poverty

DontUse, economy, London, News, Uncategorized
One in five people in the UK, approximately 14 million people, are living in poverty, a study has revealed. Over 8 million working-age adults, 4 million children, and 1.9 million pensioners in the UK do not have the means to survive day-to-day life. The report, published by the Joseph Rowntree Foundation, examined poverty trends in the UK over the last two decades, including state support for families and people living on the brink. Working class adults make up the largest section inflicted by poverty. 47 per cent of UK workers spend more than a third of their income, including housing benefits, on rent and maintenance. More than a third of these have to supplement their income outside of immediate work in order to meet housing costs. Conditions are not better off for family units: p
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
Hard Brexit could cause a severe housing crisis in London

Hard Brexit could cause a severe housing crisis in London

DontUse, EU referendum, Housing, News, Politics, Social media
 A 'hard Brexit' can have a crippling effect on London's housing crisis, Sadiq Khan reveals. According to a paper published by the Mayor, one in four construction workers in London are from the European Union and therefore face an uncertain future of their working titles in the UK. The mayor of London warned that due to the upcoming Brexit, UK could lose skilled workers and this could have a “seriously detrimental” effect on thousands of houses that Londoners need. “London is in the grip of a serious housing crisis. While we are working to train up more Londoners to have the skills to work in construction, you can’t escape the fact that a ‘hard Brexit’ could leave a quarter of the skilled construction workforce in the capital high and dry,” he said. The Evening Standard reported t
‘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