Will new London Mayor be a friend or foe to the property world?


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London agents are waking up to a new week with a freshly-installed London Mayor.

Labour’s Sadiq Khan was announced as London Mayor on Friday evening on a ticket of a capital for all Londoners.

But estate agents will be hoping he keeps to those promises despite his previously-held views on the sector.

Khan launched a Save Our High Streets campaign as Tooting MP in 2013, citing the number of agents in the borough. He said at the time: “As well as 53 betting shops, latest figures have revealed that we have over 150 estate agents in the borough. What happened to diversity on our high streets?

“This is exactly why I launched my Save Our High Street campaign, to call on the Government to give more power to local councils so they can control the type of shops that open and make sure we have a good variety of shops in our community.

“This isn’t about attacking estate agents, it is about giving local residents the shops we want.”

Meanwhile, property portal The House Shop warned that landlords and lettings agents could face yet more pressure from Khan’s policies.

Read more here. 


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