Carbon challenge

  • House prices rose 1.3% in January, according to the Halifax [downloads PDF], but the bank detects signs the market is slowing down.
  • No change on interest rates, the Bank of England decided today.
  • A cautionary note from another of the big banks though. HSBC says its bad debt provisions will be 20% higher largely because of problems in the US housing market

  • London councils want mayor Ken Livingstone to press the government for a 50% increase in funding for affordable homes in his housing strategy
  • A feature in the Telegraph predicts the government will endorse plans to build on parts of the green belt.
  • Contrasting views of life in London come in the Independent‘s coverage of the impact of the super-rich on London (inspired by those £84 million apartments) and features in the Guardian and Times on crime, poverty and housing in Peckham.
  • Up to a third of new housing developments are so poor they should never have been given planning permission, according to architecture watchdog CABE [see below]. Go here for the Financial Times story.