020 7538 0102
13th October 2017
Just 3,477 new homes are projected to be built this year in London transport zones five and six, according to business group London First, down almost a quarter from last year’s 4,523. The figure is 42% of the London Plan target and 17% of the number needed under a proposed new methodology announced by Communities Secretary Sajid Javid. London First expects 42,543 homes to be built in the more central zones this year, a total that is 80% of the Government’s new estimate of 53,776 that are needed - but more than the 34,194 that the current London Plan says must be built.
Evening Standard (09/10/2017)
13th October 2017
Figures from Halifax show that the average cost of a British home was 4% higher in the three months to September compared to the same period a year ago, hitting an average of £225,109. Average values were 1.4% higher between July and September than they were in the previous three months - the biggest increase since February - with prices up 0.8% in September alone. September’s annual rate of growth reached 4%, up on August’s 2.6%.
The Independent (07/10/2017)
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)