£84 million penthouse

THE PROPERTY market in London "is awash with money from the City," according to an estate agent selling luxury homes around Hyde Park. You would need to be swimming in cash to afford the £84 million being charged for a 20,000 square foot penthouse or even the £4 million for their comparatively slummy property in the most expensive dwellings ever sold in London.

The average price for a London home recently went over £250,000. Huge salaries and bonuses for City fat cats are distorting the whole housing market towards luxury accommodation. Meanwhile, successive governments have attacked local councils' spending and told them to sell off their council housing stock.

We should fight for a huge building programme of public-sector housing for people who can't afford properties valued in their millions!

Scrap student fees now

Cardiff students build for 22 February

Students must link up with workers

'Saintly' Tesco

Campaign for a New Workers Party

A great step forward in Liverpool

War and terrorism

Bush threatens Iran over Iraq insurgency

£100 billion Trident?

Angry refugees protest

Socialist Party feature

Ten years of the socialist: 1997-2007

Bird flu outbreak

Bird flu outbreak: Profits put before health

Job losses fear on turkey farms

Workers' health jeopardised

Socialist Party NHS campaign

Fighting back against NHS cuts

Socialist Party news and analysis

Police raids dividing community

Save our school buses

£84 million penthouse

International socialist news

Workers' strike declared illegal

HSBC imposes charges on aid to Palestinians

Workplace news and analysis

PCS action continues

Simclar workers fight sackings

EDS forced into 'U' turn on pay

Greenwich workers prepare to fight

Hackney UNISON

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