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the mechanisms for regulating prices (historically called "rent control"). Since the Housing Act 1980 (c. 51), prices are generally left for landlords to fix except in the "affordable" sector where councils and housing associations manage around 4.4 million homes which are subject to rent regulation. the reasons that a person can be evicted.
The consequence of this is seen in the high price for top-end dwellings. The most expensive home ever sold in the UK was 2–8a Rutland Gate, Hyde Park, which sold for £280 million in 2015. [62] The most expensive street in the UK is Kensington Palace Gardens, London, where the average price of a home is approximately £42 million. [63]
The building was a project of the London solicitor Gerald Glover, who specialised in real estate development, [2] [3] and is one of a number of very large blocks of flats erected in 1930s London. [4] It was built in 1937 by Mowlem [5] and replaced a row of Georgian terraced houses, latterly converted to small hotels. [6]
Rocketing rental prices in London should be music to landlords’ ears–but instead, they are on a selling spree. Prarthana Prakash. December 6, 2023 at 6:53 AM. Mike Kemp/In Pictures via Getty ...
[4] In 2003, the building was listed Grade II. [5] [6] On Saturday 20 July 2013, a flat on the first floor caught fire and the building had to be evacuated. [7] Consequently, the curved façade required major restoration work that lasted for nearly a year, as some of the original materials used in the 1930s had to be sourced and found within ...
The gap between average income and average housing prices changed between 1985 and 2015 from twice an average salary to up to six times average income. Median house prices in London the median house now cost up to 12 times the median London salary. In 1995, the median house price was £83,000, 4.4 times the median income.
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