Underground air to heat London’s iconic buildings
Excess heat from London’s Underground will power iconic buildings in a new £1bn net zero scheme.
This low-carbon network will soon channel excess heat from the Underground to power several sites in central London, namely Downing Street and the National Gallery.
This comes following last week’s Budget, in which chancellor Rachel Reeves announced significant investments in green energy, including a £2bn pour into UK’s hydrogen schemes.
The initiative was recently launched by Hemiko and Vital Energi, who have partnered to transform Westminster’s heating infrastructure, marking a major step in the UK’s journey towards net zero.
London house prices gloom revealed but owners set for £84,000 boost
The average home in Britain will be £84,000 more valuable in five years’ time, according to a new forecast, but London house prices will grow slower than anywhere else in the UK.
Real estate giant Savills has said it expects the typical property value to reach £442,000 by the end of the period to 2029, up from £358,000 currently.
In 2025, house prices are predicted to increase by four per cent, or £14,500, on average.
However, according to figures released by JLL, house prices will rise by 20 per cent in the five years to 2029 with the firm citing that lower mortgage rates will bring buyers back to the market.