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....”. He also thinks that a lack of supply will mean property prices keep rising. ... [Read full article on Guardian ]
Saturday 12th of August 2017 03:00:48 PM
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Latest Finance News related to Property Price

Is it a bad idea to buy a property in London if it's not home for life? image
....uk. “The reality is that the rate of house-price growth has slowed in the past few months, yet property prices remain higher than a year ago” although Quirk does concede, as do other commentators, that there is “a potential prolonged flat rate of growth” in house prices. ...
Downsizing: The disadvantages of moving to a smaller home image
Source : Daily Express [Read Article] Sunday 6th of August 2017 10:41:00 AM
....Hollingworth also warns against downsizing if this means moving away from friends, family and amenities: "You may have a cheaper property, but will you have the same social circle?" . If still tempted, check local property prices to see how much you are likely to get for your home, and how much a new property might cost in your chosen area. ...
Brexit-fuelled boom gives Dublin’s Celtic Tiger a reason to roar image
Source : Guardian [Read Article] Sunday 6th of August 2017 09:42:50 AM
.... As recently as 2012, Ireland’s unemployment stood at 15. 2%, wages had been slashed, property prices in Dublin had collapsed by 56% and the country’s economy was on an €85bn life support loan from the EU and the IMF. ...
How Britain fell out of love with the free market image
Source : Guardian [Read Article] Friday 4th of August 2017 05:00:34 AM
....In Dagenham, on the eastern edge of London, the local Labour MP Jon Cruddas noticed pressures building. The area has some of the cheapest housing in London – worn but sought-after 1930s semis – but “around 2002, 2003”, Cruddas says, “the economic status quo stopped working: wages, property prices, competition for public services … People were not living the lives they had been promised by the politicians. ...
UK buyers 'pay 22% premium' to live in national park image
Source : Guardian [Read Article] Monday 31st of July 2017 01:58:21 PM
.... The park includes a number of towns situated in the western Weald, including Petersfield, Liss, Midhurst and Petworth. Nationwide said that of the main national parks, Snowdonia had the lowest estimated property price premium: £34,500. ...
Inheritance tax grab: HMRC swipes MORE money in 'aggressive' raid on grieving families image
.... . But with property prices stagnating, McCann said: “It is difficult to see what could have caused such a sharp increase in receipts other than a more aggressive approach to collecting IHT. ...
Secure your worldly wealth: Tips to make sure you pass your wealth to the right person image
. As the younger generation struggles with student debt, stagnant wages and high property prices, many parents and grandparents now hand over larger sums while still alive, either as gifts or loans. ...
'Locals get first dibs': the Manchester flats banning foreign investors image
.... That snazzy two-bed riverside des res you had your eye on? You’ll have to put down a 50% deposit for that, young lady. It is a particular problem in Manchester, where property prices rose by 8. ...
Berlin’s not perfect, but Samsung is right: it’s more fun than London | Musa Okwonga image
....Gentrification – in which I, as a newcomer, am complicit – is occurring at lightning speed. And though the local authorities recently introduced rent controls, the property prices are soaring here. ...
House price pick-up allays fears of property market crash image
Source : Daily Express [Read Article] Sunday 9th of July 2017 03:37:00 PM
....The doomsayers have been calling a UK house price crash for the last decade and have got it wrong every time. The clamour increased after Nationwide published figures for May, showing that property prices had fallen for the third consecutive month. ...
Let’s move to Hove, East Sussex: ‘It attracts more young people than anywhere in the country’ image
.... Those stereotypes of this twin city hold less and less true today. Stratospheric property prices in Brighton risk turning the place into Notting Hill-on-Sea, with all the dirtiness of an antiseptic wipe. ...
Hold the Shard-enfreude – a house price drop is not about to happen | Patrick Collinson image
.... There were 140,660 new homes built in 2016, according to official government figures, yet the population increased by 538,000 in the year to June 2016 – the largest numerical increase since 1947. These are not numbers that support falls in property prices. ...
What impact is Brexit having on foreign property prices? image
Source : Daily Express [Read Article] Wednesday 5th of July 2017 04:49:00 PM
. While Britain’s exodus from the EU is likely to have a far reaching impact on many areas of life across the continent, those who own a property abroad or are looking to purchase a second home overseas are most likely to be focused on what effect Brexit may have on foreign property prices. ...
Can the Bank get Britain to kick its cheap credit habit? image
Source : Guardian [Read Article] Saturday 1st of July 2017 03:00:02 PM
....Still, there are concerns that a huge divide between the young and the old is making the mortgage market more vulnerable to a crash than it might appear. While the over-55s pay down their mortgages at an accelerated rate, to afford high property prices first- and second-time buyers have to commit to dramatically high levels of debt. ...
Should we use the London help-to-buy scheme to purchase a home? image
Source : Guardian [Read Article] Thursday 29th of June 2017 06:00:15 AM
.... However, if your monthly mortgage costs (plus service charges and administration fees) came to more than 45% of your net disposable income, you also wouldn’t qualify for help. The minimum amount of cash you must put towards a help-to-buy purchase is 5% of the property price, but you don’t have to stick to the minimum or take out the maximum 40% equity loan. ...
UK banks ordered to hold more capital as consumer debt surges image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:44:48 AM
.... The Bank’s Prudential Regulation Authority and the City regulator, the Financial Conduct Authority, will also publish next month how they expect lenders to treat borrowers in the consumer credit market. The Bank’s half-yearly assessment of risk to financial markets also set out measures to rein in the riskiest mortgage lending, highlighted the risks associated with the UK’s exit from the European Union and said commercial property prices were “at the top end of sustainable valuations”. ...
Let’s move to Cambridge: ‘Ancient university and biotech boom town’ image
.... It has had the last laugh, though. The signs of Cambridge’s astonishing new economic success come in the shape of gargantuan science parks and property prices only just the right side of London’s. ...
Record low interest rates send house prices SOARING for homeowners image
Source : Daily Express [Read Article] Wednesday 21st of June 2017 12:01:00 AM
....Researchers analysed how much UK house prices have risen or fallen since March 2009, by looking at average house prices in 100 UK towns and cities between March 2009 and April 2017 to find homeowners recording rocketing price rises. The South East has fared particularly well, with seven of the 10 biggest property price rises since March 2009. ...
Wealth gap rises as home ownership falls, says study image
Source : Guardian [Read Article] Saturday 17th of June 2017 07:06:21 PM
....64. The fall was driven by high and rising home ownership, with more households benefiting from the pre-crisis property price boom. ...
Taxman has his sights on Bank of Mum and Dad as complex rules increase  image
Source : Daily Express [Read Article] Wednesday 14th of June 2017 08:15:00 AM
.... The Bank of Mum and Dad – and Gran and Grandad – risks falling foul of rules on gifting and inheritance tax, according to Key Retirement. Dean Mirfin ,technical director, said that as the financial squeeze on younger generations worsens it makes sense that people want to help their family now rather than waiting until their death: “With rising student loans and property prices , younger generations need a helping hand more than ever. ...
Jeremy Corbyn's Land Value Tax: Labour's garden tax will see house prices CRASH image
....Falling house prices would give first-time buyers the opportunity to get on to the property ladder, said the LLC, which is backed by shadow chancellor John McDonnell. It wrote: "Lower property prices would make house ownership possible for a whole new group of people - it might not be inaccurate to say for a whole new generation. ...
House price growth cools further in May, says Halifax image
Source : BBC [Read Article] Wednesday 7th of June 2017 07:54:52 AM
....Over the last three months there has been virtually no change in prices, the Halifax said. Since March property prices have fallen by 0. ...
Average UK rents fall for first time in more than seven years image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:01:14 AM
....Average UK rents have fallen for the first time in more than seven years, with London seeing the biggest decline, according to new data. The slowdown in the rental sector mirrors a similar picture in the housing market, with figures showing that property prices have fallen for the third month in a row. ...
HSBC cash sweetener aims to entice staff to new Birmingham HQ image
Source : Guardian [Read Article] Sunday 4th of June 2017 03:56:29 PM
....The reluctance of the bank’s staff to move to the Midlands comes despite much lower house prices and a cheaper cost of living in Birmingham compared with London. According to the property prices index provided by Hometrack the average home in Birmingham costs £152,000, less than a third of the average price in London. ...
UK house prices fall for third month in a row for first time since financial crisis image
.... It showed a 0. 1% fall in April, taking the average property price to £219,649 – nearly £3,000 below the peak in December 2016. ...
Labour plans inheritance tax raid: Jeremy Corbyn sets his sights on YOUR inheritance image
....However, anyone banking on an inheritance to get on in life could see their hopes dashed if Jeremy Corbyn's Labour Party wins next week's election, as it is planning an inheritance tax (IHT) raid. Rising property prices and stock markets mean that older people are now vastly wealthier than the younger generation, according to research from estate administration specialists Kings Court Trust. ...
Brighter skies over eurozone as growth and employment pick up image
Source : Guardian [Read Article] Saturday 27th of May 2017 03:00:30 PM
....The housing market has also recovered. But one important source of support for property prices appears to be declining: no other nationality buys as much property in Spain as the British, and sales have slumped since the Brexit vote hit the value of the pound. ...
Sandbanks and Salcombe top UK seaside property league image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:01:20 AM
.... Prices in Fraserburgh, near Aberdeen, almost doubled to more than £136,000 in 2016. “The strongest performing coastal towns in terms of growth have been north of the border in Scotland, where property prices on the Aberdeenshire coastline have been helped by the oil industry more than the sunshine,” Ellis said. ...
The fishing port where the catch is soaring house prices image
Source : BBC [Read Article] Friday 26th of May 2017 09:16:27 PM
....On average, the cost of a home by the sea rose by 25% during the last decade, or £382 a month, the Halifax said. "The strongest-performing coastal towns in terms of growth have been in north of the border in Scotland, where property prices on the Aberdeenshire coastline have been helped by the oil industry more than the sunshine," said Martin Ellis, Halifax's chief economist. ...
These are the five things you must do when buying property abroad image
Source : Daily Express [Read Article] Wednesday 17th of May 2017 12:00:00 AM
....If prices are currently at a low point it may be a good time to buy as your property should appreciate in value over the years - although you may wish to further investigate any root causes of the drop in property values. Conversely, if property prices are currently at their highest levels for several years you have to consider how likely it is that you would be able to turn a profit in the future. ...
Stop spending money on avocados? Good idea, I’ll have a house deposit by 2117 | Rhiannon Lucy Cosslett image
.... Instead of truly examining the social and economic forces that lock young people out of the property market, why not focus on our expenditure? Never mind that, for most young people, it would take over a century of skipping their luxurious monthly brunch in order to get a mortgage for a poky starter home. Never mind that older generations had access to free or heavily discounted education, cheap property prices and stable, unionised employment, or the fact that their breakfast options were severely limited (this, I believe, is why they focus on brunch and not, say, your Netflix subscription. ...
How to be on the winning side as mortgage war hots up image
Source : Guardian [Read Article] Monday 15th of May 2017 06:00:37 AM
.... “With low mortgage rates, buy to let can still be an attractive investment, especially if bought through a limited company, but not everyone wants to devote the time necessary to run what is a business,” says Boulger. “Buy to let has to be looked at as a long-term investment and it will appeal most to those who expect to see property prices rise over the next few years. ...
'Stagnant' buyer demand puts the brakes on UK housing market image
Source : Guardian [Read Article] Wednesday 10th of May 2017 11:01:33 PM
.... This finding follows a recent claim from a leading property-finding firm that the once super-heated central London market had turned into a “burnt-out core”. The Rics members surveyed predicted that UK property price inflation would slow during the next three months, but despite this, they were anticipating that all parts of the country would see some growth in prices during the next 12 months. ...
Inheritance tax: Four in five over-55s at risk of brutal death bills image
Source : Daily Express [Read Article] Friday 5th of May 2017 04:06:00 PM
. Rising property prices, on top of increased pension wealth, mean the baby boomer generation is in a position to pass on significant assets to their loved ones. ...
Buy a home, get a car free: offers galore as London estate agents struggle to sell image
....House prices have begun to fall nationally – Nationwide said typical prices fell in both March and April – and the steepest drops have been seen in London. Land Registry figures show that in the heart of the city’s financial district, average property prices plummeted from £861,000 at the time of the EU referendum to £773,000 in February, a decline of 15%, although in London’s outer boroughs prices are still up over the year. ...
Wealthy feel pinch of housing costs as one in four Australians face mortgage stress image
....Households in Toorak and Bondi, prestigious pockets of affluence in Australia’s biggest cities, have made the list of those struggling to meet repayments amid rising costs and stagnating wages, research firm Digital Finance Analytics has found. The firm’s principal, Martin North, said it was surprising new evidence showed that financial distress from property price surges reached beyond “the battlers and the mortgage belt” and was a “much broader and much more significant problem”. ...
Pensioners will carry on hoarding cash if state won’t step in image
Source : Guardian [Read Article] Saturday 29th of April 2017 04:00:03 PM
. The row brewing over the state pension triple lock plays into a wider debate about incomes and wealth in old age and how, as a society, we adapt to the escalating costs of improved life expectancy, increasing care costs and, crucially, property prices. ...
Weak pound melts the British dream of a place in the sun image
Source : Guardian [Read Article] Friday 28th of April 2017 04:03:49 PM
.... Andreas Tilley at Buy Sell Cyprus, one of the biggest property companies on the island, said: “We saw interest return in 2015 and in the last 45 days it’s been very busy. ” Many buyers viewed Cyprus as a good investment, he said, because property prices had plummeted by as much as 35% but were now very much on the rebound. ...
British consumers' confidence slumps as inflation grows image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:03 AM
....Wage growth has fallen behind inflation, leaving people worse off in real terms and denting consumer spending, a key driver of the UK economy. YouGov bases its consumer confidence survey on 6,000 interviews a month, asking about household finances, property prices, job security and business activity, over the past 30 days and looking ahead to the next 12 months. ...
Asking prices for homes rise to record average of £313,655 image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
....Eastern England has seen the strongest growth over the last year, with a 5. 3% uplift taking the average property price there to £349,269. ...
Snap election delays £300m relief package for small businesses image
Source : Guardian [Read Article] Saturday 22nd of April 2017 09:48:24 AM
....Thousands of small businesses hit hardest by the recent changes to business rates in the UK have been dealt a fresh blow after a £300m relief package promised in the budget was waylaid by the general election. Earlier this year the government came under pressure to take action on business rates after a revaluation of property in Britain hit the owners of shops, restaurants and pubs in parts of the country where property prices had surged. ...
Let’s move to the Isle of Portland, Dorset: ‘It has its fair share of oddity’ image
.... Great crab sandwiches at the Lobster Pot. Wonderful walks, brilliant bird-watching, enticing property prices. ...
Tesco to save £105m in business rates after property revaluation image
Source : Guardian [Read Article] Sunday 16th of April 2017 05:12:13 PM
....Tesco will see the business rates bill for its biggest stores fall by £105m over the next five years, highlighting another anomaly created by the controversial tax. Earlier this year, the government came under pressure to take action on business rates after a revaluation of property in Britain hit independent shopkeepers hard in parts of the country where property prices had surged. ...
Let’s move to Crediton, Devon: ‘Its day will come again’ image
Source : Guardian [Read Article] Friday 14th of April 2017 03:30:00 PM
....com. Frank Gent “Unpretentious, good links to Exeter, reasonable property prices. ...
The older expats facing poverty – thanks to Brexit and frozen pensions image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:00:27 AM
....Gale warns that these pensioners are trapped: they can’t sell their properties for what they paid for them, “because the sort of properties expats buy aren’t wanted by the local population”. They can’t buy homes back in the UK, because property prices have soared since they left. ...
House price growth hits lowest level since 2013 – but here’s why crash looks unlikely image
....5 per cent. Experts said sky-high values have made it more difficult for people to buy a home, as wages have not kept pace, which is now keeping property price rises in check. ...
New inheritance tax rules: How to avoid death duty with new allowance  image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 03:19:00 PM
.... "The change is designed to help children avoid selling a family home to pay inheritance tax. “The IHT threshold has not nearly kept pace with the rapid rise in property prices. ...
Sydney property prices rise almost 20% in past 12 months image
Source : Guardian [Read Article] Monday 3rd of April 2017 03:08:56 AM
. Sydney property prices have increased by almost 20% in just 12 months, putting the city at the front of a nationwide trend that has seen dwelling values increase by 12. ...
Lifetime ISA 2017: Seven reasons to transfer money from Help to Buy ISA to Lifetime ISA image
....“The Lifetime ISA can be used to purchase a first home worth up to £450,000 in the UK. The property price for a Help to Buy ISA is capped at £250,000 (£450,000 in London). ...
Contrasting fortunes for island property image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:23:51 AM
. House prices in the Scottish isles have witnessed contrasting fortunes in the past year - putting them at extreme ends of UK property price movements. ...
Hammond seems to be expecting business rates storm to just blow over image
Source : Guardian [Read Article] Wednesday 8th of March 2017 07:42:51 PM
....This package may address many of the cases of looming hardship among small shops and restaurants, especially in the south-east, facing three or fourfold increases in their business rates. But it does little or nothing for those pubs, especially in London, where takings have not soared alongside property prices. ...
Foxtons sees property sales plunge as Brexit vote hits image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:06:35 AM
Buy-to-let landlords face huge tax increase from new law image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
....There has already been a sharp slowdown in the buy-to-let sector with the number of landlord loans down 21 per cent last year, according to the Council of Mortgage Lenders. Andrews says this has knocked London property prices and the slowdown could ripple across the country. ...
Five-minute guide to the new 'death tax' coming into force next May image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
....Estates worth up to £300,000 pay a higher fee of £300, while estates worth between £300,000 and £500,000 will pay £1,000. With the average price for a property now £219,544, according to the Land Registry, more and more families will face a much higher charge, especially in London, where average property prices are just below that threshold. ...
Let’s move to Hither Green, London: ‘Good schools, train links and parks’ image
.... Hither Green is one of those plum breeding grounds for Londoners priced out of Peckham, gentrified out of Greenwich. Good schools; good train links; lovely parks; not cheap, but the lesser of all local property price evils; and ice-cream. ...
Oxford once again tops list of UK's least affordable places to live image
Source : Guardian [Read Article] Saturday 25th of February 2017 08:01:06 AM
....At the other end of the scale, the former Scottish capital of Stirling is the UK’s most affordable city. At £173,847, the average property price is just 3. ...
'The pips are squeaking!' image
Source : BBC [Read Article] Friday 24th of February 2017 09:44:16 PM
Sajid Javid: Budget help for firms hit by rates rise image
Source : BBC [Read Article] Wednesday 22nd of February 2017 08:42:17 PM
....At Prime Minister's Questions earlier, Theresa May was asked about the changes by Green Party MP Caroline Lucas, who said the changes would "devastate" the economy in her Brighton Pavilion constituency. The prime minister said it was "right" for rates to change to reflect changing property prices, saying the system was underpinned by fairness. ...
Ministers expected to soften impact of business rate changes image
Source : Guardian [Read Article] Tuesday 21st of February 2017 09:03:22 PM
....Beleaguered cabinet ministers are expected to take steps to ameliorate the impact on the companies hit hardest by a shake-up in business rates that has fuelled a backlash among Conservative MPs. Communities secretary Sajid Javid is likely to join the chancellor, Philip Hammond, in adopting a more empathetic tone about the anger triggered by the decision to revaluate the rates based on updated property prices. ...
Business rate rises: government warns of 'campaign of half-truths' image
Source : Guardian [Read Article] Tuesday 21st of February 2017 09:22:16 AM
....After the meeting with Conservative MPs, Treasury sources said Hammond told them he was also aware of the challenges of the growing digital economy, amid warnings that smaller shops could go under as a result of increases, while the online retail giant Amazon would enjoy a cut in the tax bill paid for its warehouses. New rates will be set by the Valuation Office Agency in the coming weeks, and rates are due to rise unusually sharply in areas where property prices have increased rapidly in recent years. ...
Hammond in ‘listening mode’ on business rates after backlash from Tories image
....The chancellor told his party’s influential 1922 committee that he was in “listening mode” over the policy, which will see rates rise by 13% in his own Runnymede and Weybridge constituency. Theresa May’s Maidenhead seat is also affected by a shakeup in the way the tax is calculated, using a revaluation of property prices, in a move that has triggered an outcry in parts of the business community and in the media. ...
A stock market crash is a way off, but this boom will turn to bust | Larry Elliott image
....The current changes are proving particularly controversial. Business rates are an annual tax on commercial properties based on their rental value and the latest uprating is based on changes in property prices since 2008. ...
Treasury hits back at 'scaremongering' over business rate changes image
Source : Guardian [Read Article] Thursday 16th of February 2017 06:01:33 AM
....The government is facing mounting calls for a rethink after warnings from some shops and other businesses, particularly in London, about the crippling effect of the revaluation which comes into force in April. New rates will be set by the Valuation Office Agency in the coming weeks, and rates are set to rise unusually sharply in areas where property prices have increased sharply. ...
Government willing to admit UK housing market is
Source : Daily Express [Read Article] Sunday 12th of February 2017 12:01:00 AM
.... The surging UK population and rock-bottom interest rates have driven prices to dizzying levels, forcing buyers to over-extend themselves and risk losing all in a property crash. This state of affairs cannot go on forever and it looks like it might soon change, as property prices fell £2,000 in January, according to Halifax. ...
Housing crisis: the empty nester's guide to downsizing image
Source : Guardian [Read Article] Wednesday 8th of February 2017 06:36:21 PM
....“It was less stressful than we thought it would be,” says Linda. But she says this is also because of the “crazy” property prices in London. ...
Theresa May to offer more security for renters image
Source : Guardian [Read Article] Saturday 4th of February 2017 11:44:42 PM
....A major shift in Tory housing policy in favour of people who rent will be announced by ministers this week as Theresa May’s government admits that home ownership is now out of reach for millions of families. In a departure from her predecessor David Cameron, who focused on advancing Margaret Thatcher’s ambition for a “home-owning democracy”, a white paper will aim to deliver more affordable and secure rental deals, and threaten tougher action against rogue landlords, for the millions of families unable to buy because of sky-high property prices. ...
Frankfurt prepares for Brexit bankers: 'Maybe our city will change them' image
Source : Guardian [Read Article] Friday 27th of January 2017 07:15:19 AM
....A recent survey of 360 London bankers by the Boston Consulting Group put Frankfurt in a prime position, ahead of rivals such as Paris, Amsterdam, Dublin or Luxembourg. Its advantages were its central location, sophisticated infrastructure and property prices considerably lower than in London or Paris. ...
Jeanette Winterson to close London shop due to business rates surge image
Source : Guardian [Read Article] Monday 23rd of January 2017 07:01:42 PM
....“They are going around saying: ‘Well, 70% of businesses in England will benefit’, the usual headline stuff, which is technically true, except that most high streets are boarded up and loads of businesses that are not in thriving cities are suffering. “London is going to be particularly hard hit because property prices have continued to rise. ...
UK's new towns surpass national average for house price growth image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:01:18 AM
....House price growth in Britain’s new towns has outperformed the national average over the past decade, a report has found. Milton Keynes, which is celebrating its 50th birthday, was identified as the best-performing new town for property price growth over the last 30 years. ...
House prices in the South East FALL amid Southern Rail chaos image
Source : Daily Express [Read Article] Tuesday 17th of January 2017 04:51:00 PM
.... Alex Gosling, chief executive at HouseSimple. com, said: "November was a strong month for property prices, which goes against all the predictions that prices would stutter in the months following the EU vote. ...
First-time home buyers at highest level since 2007, Halifax says image
Source : BBC [Read Article] Friday 13th of January 2017 01:35:41 AM
.... . Rising property prices also mean that first-time buyers are increasingly taking out longer mortgages. ...
House price inflation picks up with Luton the 2016 hotspot, Halifax says image
....The average house in Luton increased in price by £41,700 during 2016, to £256,636. The Halifax said the main reason was that the town is within easy commuting distance of London, but still has relatively low property prices. ...
Why we must make homes truly affordable for our key workers image
Source : Guardian [Read Article] Saturday 7th of January 2017 07:00:12 AM
.... Transport costs and long journey times mean that, say, a nurse living in Barking and Dagenham but commuting to St Thomas’ Hospital in central London may well look for employment closer to home, which means healthy competition for key worker jobs, talent and diversity disappears from the inner boroughs. As faster and more regular transport connections open up, Greater London, property price growth in even the more affordable locations has started to speed up. ...

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