020 7538 0102
13th October 2017
Sir Howard Davies, the chairman of RBS, has forecast what Brexit may hold for Britain, saying signs of its impact can already be seen with the fall in London property prices.
Evening Standard (08/10/2017)
6th October 2017
London house prices have fallen for the first time in eight years, the Nationwide says, dropping 0.6% year-on-year in September – becoming the weakest performing region in the UK for the first time since 2005. Across the UK, annual price growth slowed to 2%, down from 2.1% in August and the slowest rate of increase since June 2013. Outside London, prices are still rising in every area. The region with the steepest rise over the past year was the East Midlands, where prices rose by 5.1%. The average annual price for a house across the UK is now £210,116. Despite the drop, KPMG Economics predicts that by 2021 the city will return to being the fastest growing market in the UK; the firm’s projections suggest property prices will start to pick up again around the time Britain leaves the EU, and London will be the driving force behind growth. Developments such as Crossrail and improvements to regions' infrastructure should have a positive impact on a number of areas, it predicts.
BBC News (29/09/2017) The Daily Telegraph (05/10/2017)
6th October 2017
A tranche of 40 luxury apartments at Ballymore Homes’ Goodluck Hope development on the Leamouth Peninsula, just next to Canary Wharf and directly across the Thames from the O2 Arena has just been put on sale. The development won’t be complete until 2020, by which time it will have 800 apartments spread across a series of tower blocks, which have been designed to reflect the maritime and dockside heritage of the Isle of Dogs. With Canary Wharf just a short step away, journey times to the City will be just 15 minutes via riverbus, thanks to the Thames Clipper jetty in operation from next year.
Docklands and East London Advertiser (03/10/2017)
6th October 2017
Hub has received permission for a 245-unit build-to-rent scheme at Abbey Wood, close to the Thamesmead regeneration area in Greenwich. Two residential towers of 21 and 13 storeys will house one-, two- and three-bedroom apartments; designed by architect shedkm, Abbey Place will be linked to the future Crossrail station at Abbey Wood by new public landscaping. Work on the site is due to begin in the second quarter next year.
Property Week (05/10/2017)
6th October 2017
Three quarters of homeowners could miss out on savings of almost £1.6bn a year. A uSwitch.com study reveals lenders fail to contact borrowers when fixed rate mortgage deals end, so people end up paying over the odds as they get automatically moved onto expensive standard variable rates which can be as high as 5% - 4% higher than the current cheapest fixed rate deal available. uSwitch called for regulation to force mortgage lenders to contact their customers before their deal ends.
Daily Mirror (03/10/2017)
29th September 2017
Developer Magnus Davey, who tore down three 19th-century properties not far from Canary Wharf, has been ordered to rebuild them exactly as they were. Tower Hamlets Council has given Mr Davey and his sister Julie 18 months to recreate the cottages in East Ferry Road, which had survived the Second World War bombing that devastated much of the surrounding area, and were listed as being of historic and architectural interest. Ahead of an appeal against the decision, Mr Davey said the buildings “were falling down – they were dangerous”, and that he hadn’t been informed the buildings were part of the Coldharbour Conservation Area.
BBC News (27/09/2017)