Posts tagged 'London House Prices'

This is nuts. When’s the crash?

Back in September we calculated that the average London house had earned more in the previous year than its average occupants.

The difference then was small, a capital gain of £38,729 in the year to July, against a post-tax income of £38,688 in 2011, the last year for which the ONS has statistics.

Fast forward the best part of a year and your London house has had a raise, is flicking through the Audi catalog and considering exotic holidays. Read more

Let’s nationalise the Green Belt

Or London’s Green Belt, at any rate. For the uninitiated it is the giant girdle of farmland that forces the UK metropolis to maintain the figure it had in its twenties — the 1920s.

So here’s a suggestion that isn’t actually that radical: nationalise bits of it and build on them. Read more