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Good News on House Prices: "More than 30pc growth forecast for London homeowners"

Link to Sunday Telegraph

"House prices in London are set to rise more than 30pc over the next five years as a strong economic backdrop and unrelenting desire to live and invest in the UK capital will boost a property market that is currently flagging ahead of the general election.

Just 12 months after homeowners in London saw an annual house price growth rate of 20pc in the year to June, fuelling fears of a property bubble, a new report by the real estate group, CBRE, has forecasted that values in both the luxury and mainstream segments of the market, will soon out pace those across the rest of the UK.

"The high-end housing market in the affluent central London boroughs has stagnated, as both buyers and sellers wait for the outcome of the government race, while the frenetic activity seen in the mainstream market over the last 18 months has also cooled."

"Police use CS spray as anti-gentrification protesters mass in Brixton"

Link to The Observer

"A peaceful protest against gentrification in Brixton, London, has ended in violence. The local town hall was stormed by protesters, the window of an estate agents was smashed, and CS spray gas was used to disperse protesters who had gathered at a Brixton police station.

"More than 1,000 people had taken part in the Reclaim Brixton rally on Saturday and its organisers insisted they did not want trouble. Their aim was to demonstrate the community’s concern about the area’s gentrification, with locals being priced out of the housing market and smaller, individual businesses being driven out by high rents.

"[... A few protesters later] turned their attention to Foxtons estate agents, which has become a focus of local opposition to the area's gentrification and has been targeted for vandalism in the past. One of its windows was smashed and the words 'Yuppies out' were written in spray paint across another window."

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