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18th August 2017
The average price of a home in the UK went up by nearly £2,000 to £223,000 in June, according to figures from the ONS. The annual rate of increase is running at 4.9%, down from 5% in May, meaning the average British home has added £10,000 since the Brexit vote. In the year to June, homes in England saw values up 5.2% to an average of £240,000, with the average price of a London home falling £3,000 to £482,000.
The Daily Telegraph (15/08/2017)
11th August 2017
London & Quadrant has launched a new tranche of homes at its Quebec Quarter project in Canada Water. The Glades phase has seen 61 apartments put on the market, each with a terrace or balcony, as well as cycle storage and an underground car park. The site includes extensive outdoor spaces, including communal grounds, play areas, and a path leading to the nearby Russia Dock Woodland. Prices at the development, which is just two minutes from Canary Wharf by tube, start at £525,000 for a one-bedroom flat, £675,000 for a two-bed and £830,000 for three-bedrooms.
The Wharf (07/08/2017)
11th August 2017
The London 2012 Olympics stoked property prices in the surrounding boroughs, according to the Halifax. House prices in the 14 closest East London postal districts to the London Stadium, currently hosting the World Athletics Championships, have increased by an average of £4,279 a month between the end of the Paralympic Games in September 2012 and April 2017, it found. The average house price in the area has surged by 64%, from £286,683 to £470,687 – higher than the London average increase of 38%. Walthamstow recorded the fastest increase, with prices doubling from £238,348 to £479,421, an increase of £241,073 or 101%. All 14 areas analysed have recorded price growth of more than £125,000.
The Times (05/08/2017)
11th August 2017
New research shows that the number of homes on sale in the UK fell 1.9% in July, after a 1.6% drop in June. This figure more than doubled in London, with a 4% fall in the number of homes coming onto the market. Bexley was the worst-hit borough, with new sellers falling almost a quarter, followed by Barnet, with a 19.9% drop. However some locations offer hope: Redbridge saw its supply rise the most (23%), followed by Hounslow (19%).
City AM (07/08/2017)
11th August 2017
UK house prices have recorded a quarter-on-quarter fall for the fourth month in a row for the first time since 2012, according to the Halifax, leaving prices between May and July 0.2% lower than the previous quarter. Halifax said annual house price growth had slowed to 2.1%, leaving the average property valued at £219,266. On the monthly measure, Halifax said prices rose 0.4% between June and July.
The Guardian (07/08/2017)
4th August 2017
The Standard looks at the waterside villages popping up on the Thames and its tributaries and canals, with a focus on those in the east of the capital. The first homes at Fish Island Village went on sale last month, a £200m development close to the Queen Elizabeth Olympic Park overlooking the Hertford Union Canal featuring 434 private homes, 146 affordable flats, plus workspace for creatives and entrepreneurs. One-bedroom flats there start at £445,000. Further east, Ballymore and Ecoworld’s London City Island scheme for 1,700 new homes on the Leamouth Peninsula welcomed its first 650 residents late last year, and will host 3,000 people by 2020. The latest phase of homes was launched late last month, with prices from £432,500 for a studio apartment. Finally, prices at the Greenwich Peninsula’s array of towers, many of which have views of Canary Wharf and the City, start from £470,000 for a one-bedroom apartment, rising to £2.1m for a three-bedroom penthouse.
Evening Standard (04/08/2017)