There is enough space above London railway lines to build apartment blocks adding 250,000 new homes for the capital.

The Halifax survey shows confidence in the housing market is at a five year low with one in five thinking prices will fall.

The cost of a fixed rate mortgage has increased for first time buyers and the Bank of England is expected to raise base rates next month.

English market towns command a £30,000 premium from homeowners or 12% more compared to living in neighbouring towns.

First time buyers in London can expect to pay less to get on the property ladder as house prices fall and expectations remain negative.

Homeowners showed resilience with borrowings from home movers rising to £8.4 billion up 20% compared to August last year.

The government has pledged £10 billion for the Help to Buy scheme to fund 135,000 first time buyers to get on the property ladder.

House prices in London are at £471,761 and negative for the first time in eights years with the weakest performance in the UK since 2005.

Prices of new build properties in England increased over 17% in a year with record loans from the government’s Help to Buy scheme.

Parents could be better off buying a student flat than paying children’s rent as prices in university towns rise £38,666 during a three year course.

The amount of wealth accessed by homeowners in 2017 by using equity release has increased 55% over the year helped by more products.

Higher house prices and stamp duty mean the cost of moving home in London has risen to £32,092 or 47% higher than a decade ago.