Boris Johnson makes spectacular planning U-turn
BORIS IN A DRAMATIC U-TURN OVER PLANNING
According to the Evening Standard, Boris Johnson has made dramatic U-turn over his decision to block a £1billion development to build three towers in central London because of their impact on a historic view. Boris is being accused of having various ’schmoozes’ with the developers behind closed doors, since he opposed the planning in July and is more or less giving the scheme the green light now.
The Elizabeth House development for three towers at Waterloo was blocked by Mr Johnson in July
Mira Bar-Hillel, Property Correspondent at The Evening Standard reports, in July the Mayor opposed the scheme in Waterloo, known as Elizabeth House but nicknamed the Three Ugly Sisters, which Lambeth council wanted to approve. This week he withdrew his objections.
Read the full article via The Evening Standards
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Until lending criteria is relaxed I can not see that house prices will rise too much in the future. The Banks simply do not have the money to lend to high risk customers with only a small deposit.
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