Average rents in the capital are now nearly £100 a month lower than a year ago
According to more than 60 property industry leaders, the Crossrail 2 scheme is key to easing the housing crisis.
Construction in the capital has fallen in the wake of Brexit and Stamp Duty changes, says report.
The majority of UK households believe that their property rose in value this month.
The flagship city for the Northern Powerhouse saw the highest rate of annual house price growth in February.
Property values in the UK rose by £13,000 year-on-year despite fewer transactions, according to new data.
The latest government data shows a 4.9% increase in the volume of residential property transactions between December 2016 and January 2017.
The ONS’ latest house price index shows that UK property assets grew by 7.7% in value in the year to December 2016, or by an additional £15,000.
The government has revealed their plans to address the ongoing undersupply of properties in the UK, with the publication of a new White Paper.