Category Archives: Economy

London Mayor boost for thousands more affordable homes

London boroughs and housing associations have been given a huge boost as the Mayor of London, Boris Johnson, has allocated almost half a billion pounds to over 50 housing providers to build thousands of new affordable homes in the capital.

An additional £404m has been allocated under the Mayor’s ambitious plans to increase house building, which also include funding for the London Housing Bank and Housing Zones as part of an overall £1.25bn package to deliver 45,000 affordable homes by 2018. Continue reading

Cost of housing fuelling fears for the future

One in five Britons fear having to move out of their local area because of the high cost of housing, according to a new survey carried out by the Chartered Institute of Housing (CIH)/Ipsos MORI.

The poll questioned adults aged 16-75 online across Great Britain. Twenty per cent agree they might have to leave their local area in the future because the cost of housing is too high. Continue reading

More than 20% of Zoopla members take up shares

Zoopla Property Group Plc (ZPG) will today float on the London Stock Exchange and the company has announced that over 20% of its agent and developer members have taken up their rights to purchase shares at a discount to the offer price in the company’s Initial Public Offering (IPO).

ZPG’s members who have elected to buy shares in the IPO will initially be allocated £9.2m of shares for a total investment of £7.4m. Continue reading

Updated laws for Londoners to let own homes for extra cash

New measures will end outdated rules from the 1970s preventing London residents from renting out their own homes on a short-term basis to visitors, Communities Secretary Eric Pickles has announced.

There were nearly 5 million overseas visitors to the capital between July and September last year alone, and thousands of properties available as holiday lets on travel websites. Continue reading

Zoopla release prospectus and confirm member offer

Following Zoopla Property Group’s (ZPG) recent announcement of its intention to float on the London Stock Exchange, it has released its prospectus and has confirmed that the exclusive Member Offer is now open, allowing its agent and developer members to subscribe for shares in the Initial Public Offering (IPO) at a 20% discount to the IPO price.

All ZPG members will receive a written communication along with an application form for the Member offer over the next couple of days which will need to be returned by those who wish to subscribe for the discounted shares by 13th June. Continue reading

House prices could quadruple if no action on housebuilding

England faces a deepening housing crisis if the next government doesn’t commit to a radical programme of house building, a KPMG and Shelter report has warned.

The landmark report, released today, outlines how the 2015 government could turn the tide on the nation’s housing shortage within a single parliament. Continue reading