020 7538 0102
27th October 2017
Bellway Homes has been given planning permission for a 391-home development on the former East Ham Industrial Estate, overlooking Beckton District Park. The project will see a mixture of studio, one-, two- and three-bedroom apartments and duplexes spread across an array of blocks of between four- and 12-storeys, as well as over 6,000 sq ft of commercial space and a new public square. Demolition of the derelict industrial buildings should start shortly and construction work is expected to start next year. Ian Gorst, managing director of Bellway’s Thames Gateway division, said: “Beckton is an area of East London that, despite its proximity to Canary Wharf and the City, is under-developed. Bellway is delighted to be contributing to the areas transformation especially because the former industrial site has been run down for many years”.
Newham Recorder (24/10/2017)
27th October 2017
Figures from the National House Building Council show that developers registered to build only 2,494 homes in London between July and September, representing a 35% fall from the same three months last year and the lowest level for a third quarter since 1992. Some 7,000 were registered to be built over the same period in 2015. Although quarterly figures can be volatile, there has been a 9% drop in the number of homes being registered by housebuilders in the year to date. The trend contrasts with the UK as a whole however, with more homes registered around the country between July and September than any third quarter since 2007, reaching 37,936 and up from 29,083 in the previous year.
The Times (25/10/2017)
27th October 2017
Government crackdown on gazumping
The Government is to crack down on gazumping as part of plans to make buying and selling a home easier. It comes amid warnings that collapsing home sales cost consumers £270m a year, with 13% of homebuyers blaming gazumping for their deal not going through. Communities Secretary Sajid Javid has launched an eight-week review, saying he wanted to "hear from the industry" on how to streamline home-buying. One proposal includes “lock-in agreements” which would tie in both buyer and seller, creating a financial penalty if either pulled out.
The Sunday Telegraph (22/10/2017)
27th October 2017
Mortgage lenders should look more favourably on people who pay their rent on time, Treasury minister Stephen Barclay has said, responding to a petition calling for rent payments to be taken as proof people can meet mortgage payments. Petition organiser Jamie Pogson, who attracted 147,307 signatures, said he had paid £70,000 in rent on time but was still struggling to get a mortgage.
BBC News (25/10/2017
20th October 2017
The Land Registry's official house price index has revealed UK house prices edged up 0.5% on the month in August, climbing to £225,956. On an annual basis, price growth accelerated to 5%, with the average property becoming £11,000 more expensive than in August last year. The North West was the strongest performing region, with prices rising 6.5% year-on-year, while London was the worst performing region, with prices rising just 2.6% on the year - and falling 1% between July and August. The only other regions to show falls were Scotland (down 0.7% month on month) and Wales, where prices dropped 0.1%.
The Daily Telegraph (17/10/2017)
The Standard looks at Deptford, a Zone 2 hotspot enjoying fresh attention from young professionals looking for affordable homes in a destination with good access to the Isle of Dogs, the City, and onto to Central London. Typical of the area’s new developments is Anthology Deptford Foundry on Arklow Road. Based on the site of a former metal foundry amidst landscaped communal gardens, the development offers 276 one, two and three-bedroom homes, each featuring balconies or terraces with views of the London skyline. The Foundry is less than a 10-minute walk to Deptford and New Cross stations for a six-minute connection to London Bridge, or 13 minutes to Cannon Street; Overground services from New Cross connect with the Jubilee Line at Canada Water for Canary Wharf commuters.
Evening Standard (19/10/2017)