What does Boris's win mean for London's property market?

Mayor Boris Johnson pledges to 'fight for a good deal for Londoners' but what does this mean for London’s housing and property market?  Londoners bucked the national trend to give Boris another term. New housing stock and improved rental practices were the main housing policy promises of Boris Johnson’s campaign. Council tax Boris promises to cut his share of the council tax by at least 10 per cent over a second term, saving homeowners about £30 for an average Band D property. The Mayor’s share of the council tax currently funds Transport for London, the fire authority, the Metropolitan Police and the Olympics. Housing The re-elected mayor says he will build 55,000 affordable homes by 2015 and promises to invest £821 million in improvements to 45,000 council homes. Rental practice Boris favours accreditation of well-behaved landlords and wants to sign up 100,000 landlords to a new officially recognised standard. First-time buyers Boris has promised to help first-time buyers onto the property ladder, announcing a boost to the 'First Steps' programme, as well as promoting the 'Mortgage Guarantee' to help address the issue of high deposits. This is central government policy. Boris also plans to look into 'rent to save' schemes to enable people to build equity through rental payments. GLA assets Boris plans to publish a list of all Greater London Authority assets, and streamline the process of putting them out to tender. Christian Harper of Chiswick's fixed fee estate agent OliverFinn: "I urge Mr Johnson to follow through on his election promises to provide Londoner's with more affordable social housing and remove the barriers to first-time-buyers getting on the property ladder."