020 7538 0102
A number of sky lofts are on the market at Canary Wharf Group’s One Park Drive, a tower overlooking the South Dock on the Isle of Dogs, neighbouring One Canada Wharf. Designed by Swiss architects Herzog & de Meuron, the 483-apartment building’s sky lofts feature sliding glass walls and deep, curved terraces of up to 1,300 sq ft. Prices begin at £2.75m. However, one doesn’t need to be a City grandee to afford a property in and around Canary Wharf. New Union Wharf, which faces the Greenwich Peninsula across the Thames, offers 399 homes, on a waterside plot designed with families in mind, with 75,000sq ft of child-friendly play space and ground-floor flats with small private gardens grouped around safe courtyards. Developer L&Q has made 157 of the homes available for private sale, priced at £475,000 and above. The low-deposit Help to Buy scheme is also available.
Evening Standard (16/04/2018)
Data from the Office for National Statistics shows London house prices fell 1% on the year in February, the first decline since September 2009. The average value of a home in the capital dropped to £471,986. The official data comes after surveys also reported a fall in London prices. According to research from the Royal Institution of Chartered Surveyors, a net balance of 47pc surveyors had seen prices in the city fall. The ONS figures show that the average amount paid for a house in the UK was £225,000 in February - a 4.4% increase, which marks a dip on the 4.7% recorded in January.
The Daily Telegraph (18/04/2018)
A record 115 towers are under construction in London, up 26% from 91 in 2016 according to New London Architecture’s annual count of buildings of at least 20 storeys. Canary Wharf and the Docklands continue to hold the highest number of tall buildings in the pipeline, with 70 towers planned in Greenwich and 85 in Tower Hamlets, both up from the previous year. Last year's tower tally of 510, which includes those being planned, is a rise of more than 12% on the 455 recorded in 2016.
City AM (18/04/2018)
Homes in nearly a fifth of UK local authority districts have “earned” more than their owners over the past two years, research suggests. Halifax compared rising property values against people’s average take-home earnings and found that house price growth in Barnet in London outpaced average earnings by £52,256 – the highest difference in the survey. The proportion of areas where house prices are outpacing earnings has fallen, however, from 31% to 18%. The report also highlighted how 86% of areas where the average house price rise is greater than local earnings are in London, the South East, South West or East of England.
The Times (13/04/2018)
February saw 50,000 mortgages handed to first-time buyers or home movers, according to figures from UK Finance. This marks the highest level for a February since 2007. The £5.3bn of new lending in the month was 1.9% more year-on-year. There were 25,200 new first-time buyer mortgages completed in February 2018, up about 2.4% from the same month in 2017, and 35,400 new homeowner remortgages, an 11.3% increase on February last year. The month saw 24,800 home mover mortgages completed, the same as a year earlier.
Daily Mail (17/04/2018)
13th April 2018
The Silvertown Partnership is in talks with Indian conglomerate Essel Group, over the sale of its £3.5bn development in the Royal Docks. Existing plans to build 3,000 new homes on the brownfield regeneration site will still go ahead; however, Essel wants to build a 2.5m sq ft destination at the heart of the 62-acre project, celebrating India’s culture and history, including museums, a theatre, retail outlets, restaurants, a botanical garden, and a luxury hotel. HPW Architects will lead on the design while Mace, the developer behind the Shard, will take control of its construction. If the plans are approved by the Greater London Authority and the Silvertown Parnership, Essel Group’s proposed development could see the cultural centre open by 2023. A decision is expected this month.
Property Week (09/04/2018)