Housebuilders 'significantly scale back plans for London homes'

Reports that housebuilders have 'significantly scaled back their plans to build homes in London' feature in today's newspaper round-up.

According to a report in the Times (subscription), the National House Building Council, "whose data cover 80 per cent of all new-builds in Britain, said that developers registered to build only 2,494 homes in London between July and September". The paper says that this was a 35 per cent drop from the same three months last year and "the lowest level for a third quarter since 1992, despite London suffering its worst housing shortage in decades". It adds: 'The figure is a sharp drop from two years ago, when 7,000 were registered to be built over the same period in 2015."

The Telegraph reports that "retailers are moving away from some of London’s most famous shopping streets amid spiralling costs, putting property values at risk". Citing findings from Deutsche Bank’s asset management division, the paper says that affordability for retailers in the capital is "increasingly stretched", with brands, particularly those at the luxury end, "reassessing the value of a high-end store".

The Guardian reports that the "world’s oldest gasholder, an early Neolithic tomb and a London church linked to Charles Dickens are among historic sites on a new list of heritage considered to be at risk in England". The paper says that the structures are included in Historic England’s annual buildings at risk register.

The Times reports that "driverless cars could get 1.2 million people aged 75 and over back on the road", according to research. The paper says that analysis by insurance company Direct Line "indicated that about 560,000 people in that age bracket, who no longer drive or never did, would welcome technology that would get them from A to B with no licence required".

The Guardian’s architecture critic Oliver Wainwright says that financial news company Bloomberg’s new European headquarters in central London "may be the most sustainable office building in the world, but Norman Foster’s design is chubby and prosaic".


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