020 7538 0102
2nd February 2018
An estimated 359,000 people bought their first property in 2017, according to the latest Halifax First-Time Buyer Review, marking a 6% increase on the year before and the highest total since 2007. These buyers needed an average deposit of £33,339 - a 91% increase compared with a decade ago. Northern Ireland was the cheapest region, with a deposit of £17,636 and an average house price of £120,648, while average buyers in London needed a deposit of £112,604 and paid £422,580 for a home.
The Times (27/01/2018)
2nd February 2018
Think tank Centre for London says London home prices dropped by an average of 4.1% in the year to November, the largest year-on-year fall since August 2009. Flats fell the fastest, with a 7% dip, followed by terrace houses, which declined by 2%, while semis rose 4%.
Evening Standard (30/01/2018)
2nd February 2018
London Mayor Sadiq Khan wants Londoners to be given first option for new homes in the capital, saying: “I want to help Londoners by looking at what measures I can offer to make sure they get first dibs on more new homes.”
The Times (31/01/2018)
2nd February 2018
More than half of the 1,900 ultra-luxury apartments built in London last year failed to sell, according to property data experts Molior London, with only 900 of the flats priced at more than £1,500 per sq ft having sold. The total number of unsold luxury new-build homes has hit a record high of 3,000 units.
The Guardian (27/01/2018)
26th January 2018
Poplar place to live
A planning decision is due next month on the redevelopment of Chrisp Street Market in Poplar, build as part of the Festival of Britain in 1951. The Poplar Harca housing association has partnered up with Telford Homes to build 650 flats, shops and a cinema. Should permission be granted, it will add to a Poplar pipeline that already includes almost 2,500 apartments, in new buildings and revitalised Brutalist landmarks. Alisa Wharf, a £350m River Lea scheme led by Galliard Homes recently got the go-ahead, and will include 785 new homes in 13 buildings with a central park and a new riverside waterway. The first homes will be finished in 2021. Elsewhere, Aberfeldy Village near East India DLR station offers one-bedroom flats from £399,950, and two-bedroom homes from £459,950, while a three-bedroom house in Bellway’s Lansbury Square can be had from £599,995. Alternatively, refurbished apartments at Ernö Goldfinger’s Balfron Tower and Carradale House are expected to go on the market this spring, while the first of 1,500 new homes on the Robin Hood Gardens estate should be complete next year, with a one-bedroom flat starting at £425,000.
Evening Standard (24/01/2018)
26th January 2018
Danescroft Land has secured a resolution to grant planning for a 491-home build-to-rent scheme next to Bromley-by-Bow tube station. The development comprises two 10-storey buildings, one nine-storey block, and a pair of towers at 17-storeys and 27-storeys respectively; the apartments will benefit from roof-top gardens, terraces with views of the Olympic Park, and an in-house gym. The scheme, based around a central hub dubbed Urban Square, will also include a mixture of workspace, community infrastructure and retail space.
Property Week (25/01/2018)