020 7538 0102
3rd November 2017
The Isle of Dogs Planning Forum has submitted a Neighbourhood Plan to Tower Hamlets Council, for a public referendum next summer that could make it a legal requirement for new residential developments to guarantee improvements to utilities such as gas, electricity and water mains, sewers and services like schools, medical and transport.. The riverside area around Canary Wharf, stretching out into the Royal Docks, Canada Water and the Greenwich Peninsula, is fast becoming one of Europe’s most densely-packed urban population areas. The Forum has stressed it is not against developments, but wants to ensure that infrastructure is developed to keep up with the population increases, anticipated to hit 100,000 by 2027.
East London Advertiser (31/10/2017)
3rd November 2017
The South China Morning Post visits One Park Drive, a new 58-storey residential tower in Canary Wharf designed by leading architecture firm Herzog & de Meuron. Residents enjoy exclusive access to amenities including a health club with a 20-metre pool, fully equipped gym, steam room and sauna, a private screening room and concierge services. Jacques Herzog, co-founder of Herzog & de Meuron, said: “One Park Drive has three distinct zones offering different types of accommodation that are clearly expressed, offering a sense of individuality in a larger development.”
South China Morning Post (31/10/17)
3rd NOvember 2017
The new Elizabeth line - also known as Crossrail - is set to transform London’s property scene when it opens in December 2018, writes the Standard's Emily Wright, who focuses on opportunities in Abbey Wood and Woolwich. Average property prices in the two areas now hover at about £360,000 and £400,000 respectively following average increases of 71% and 57% between 2009 and 2017. Abbey Wood’s new station building, which will serve the Elizabeth Line in London and the south east, opened last week.
Evening Standard (03/11/17)
3rd November 2017
Khan: Build homes quicker – and make more affordable
London Mayor Sadiq Khan says London needs to build 66,000 new homes each year to meet growing demand and has called on the Government to boost funding for the creation of affordable homes. City Hall’s Strategic Housing Market Assessment says more than 60% of new homes in the capital would need to be affordable to meet demand, with Mr Khan said to be targeting a rate of 50%. City Hall says that to help ease the crisis, the Treasury must increase funding for affordable housing in London to around £2.7bn a year - more than five times the current total. Mr Khan said: “Londoners know better than anyone that there has been a systematic failure for decades to build enough new homes that are genuinely affordable”.
The Daily Telegraph (27/10/2017) Evening Standard (27/10/2017) The Independent (27/10/2017)
3rd November 2017
The government is being urged to consider major changes to its housing policy. The London Chamber of Commerce and Industry has backed a call to allow councils in the capital to borrow money to build more homes. Some 50,000 extra homes are needed in London per year over the next decade, according to LCCI forecasts, and undersupply of housing is having a major effect on London businesses, as “lack of affordable homes within commutable distances is generating pressure.” The LCCI also called for business rates to be frozen, reviewed and, in London's case, decoupled from the national rating system.
City AM (30/10/2017) Evening Standard (30/10/2017)
27th October 2017
Canada Water has been named as one of London’s most desirable neighbourhoods, in a new study from University College London. The London Residential Mobility Report evaluates locations based on four factors: connectivity to the rest of the capital; the types of jobs held by residents; population density; and the house-price-to-income ratio. Average price per square foot comes in at £850, while the average sale value, based on Land Registry data between October 2016 and September 2017, came in at £841,000. Greenwich also made the shortlist, with price per square foot averaging £800, with an average transaction value of £495,000. The top five was completed by East Dulwich, Maida Vale, and Hammersmith.
Property Week (19/10/2017)