Posts tagged "London"

John Bibby
John Bibby

By John Bibby

Right to Buy one-to-one replacement falling short in London

The commitment to build a replacement for every social rented home sold through the Right to Buy scheme is not being fulfilled in London, just as across the country. In 13 boroughs there have been exactly no replacement homes built for the 2,877 social rented homes sold.

We wrote recently about the national failure to replace social rented homes sold through Right to Buy. Back in December 2011, when the government increased the discounts available to tenants, they said … MORE...

Martha Mackenzie
Martha Mackenzie

By Martha Mackenzie

The politics of rent control

A debate is taking place about whether we should control – or cap – private rents in London.

With the 2016 Mayoral Election edging closer, this debate is heating up. Anyone throwing their hat into the ring is taking a view.

Shelter are currently looking at the technical implications of capping or controlling rents. But we also need to understand the political implications of this very public debate.

It is little wonder that renting dominates our capital’s discourse. The … MORE...

John Bibby
John Bibby

By John Bibby

Genie let out of the bottle in London

At the beginning of the week the Mayor of London announced new funding and finance for low-cost home ownership homes in the capital. As well £180 million of ‘recoverable funding’ for 4000 new shared ownership homes, the announcement included up to £40 million of cheap loans to bring housing association Gentoo’s Genie product to London.

Genie is a home purchase plan that has been operating in the North East of England since 2011 and it has a lot going … MORE...

Toby Lloyd
Toby Lloyd

By Toby Lloyd

Are rent caps the answer?

Renters are understandably angry about the unaffordable cost of renting. In the capital, average rent for a two bedroom flat is now a whopping £1,495 a month. Other parts of the country are also experiencing record highs.

Shelter is deeply concerned by how unstable and unaffordable private renting has become.  The record high costs of private renting have led to renewed calls for some form of rent control.  But we’re not convinced that comprehensive rent caps are the best … MORE...

Martha Mackenzie
Martha Mackenzie

By Martha Mackenzie

Crisis in the Capital

In January, the Evening Standard reported a recent poll, carried out by Ipsos MORI for London Councils, which revealed that four in five Londoners (82 per cent) agree there is a “housing crisis in London”.

It is little wonder when you consider the state of our capital’s housing.

London is unaffordable

House prices in the capital are 18.1 per cent higher than their pre-recession peak in January 2008. The average home was valued at £441,000 in November 2013, MORE...