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10/05/06
Overground Oyster Cards by 2008
- Mayor Livingstone hails ‘massive step forward’ for London

Overground Oyster Cards by 2008. Photo: (c) Transport for London 2006 OYSTER CARDS will be valid at overground rail stations within two years, Transport for London has announced.

"This marks a massive step towards a fully integrated ticketing system in London," said London Mayor Ken Livingstone, "enabling passengers to move easily between rail, Tube, DLR, tram and bus using an Oyster card and without having to buy separate tickets."

Passengers have complained that, though the Oyster card swipe technology is easy to use, journeys involving Tube and overground rail are more irksome than before. Travelcards under the old paper ticket system could be used on both types of railway.

To sort out the problem, TfL are to supply and fit machines into overground stations, a process which is due to start this year, with TfL’s labours bearing fruit for passengers in 2008.

10/05/06
House Prices On the Rise Again
- Million-plus sales lead the way to leap in London property inflation

House Prices On the Rise AgainHOUSE prices in London, especially at the mega-money end of the market, are shooting up, according to several surveys.

According to several estate agents and the government’s Land Registry, seven London boroughs are now experiencing house price rises in excess of ten per cent a year and the figure for the capital as a whole is between 6 and 7 per cent, almost double the figure of a year ago.

The year before that, prices were more or less flat. One of the main reasons for the raw figures rising fast is the even greater rise in sales and prices of million pound-plus homes, fuelled by the extraordinary bonuses doled out to City high flyers in recent months.

Land Registry figures confirm that 652 properties priced over UKP1 million were sold in the first three months of 2006, a 62 per cent increase on 2005.



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