Friday, April 23News For London

Tag: tag 1

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
London house prices rise by 358 percent in 20 years

London house prices rise by 358 percent in 20 years

News
London house prices have risen from an average of £83,000 to £380,000 in the past two decades, official figures show. This £297,000 increase since 1995 represents a 358 percent rise in London house prices according to the Office for National Statistics (ONS). The ONS report analysed property sale data from 112 towns and cities in England and Wales with more than 75,000 inhabitants. The data corresponds with a report compiled by media group Trinity Mirror earlier this month which indicated that median house prices in the W1B1 postocde in Westminster  have risen 1,875 percent from £200,000 in 1995 to £3.95m in 2015. London is not the fastest rising In the past five years house prices in London have increased by 38 percent. This is not the fastest however, as house prices in Camb