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21st July 2017
The Standard looks at roadmap of buying London property that goes from 1995 to 2015 and would have turned a 30-year-old first-timer into a millionaire. The path starts with a £59,865 two-bedroom flat in Tower Hamlets, goes to Barking & Dagenham in 2000; Kensington & Chelsea in 2005, Camden in 2010 and ends in a £1.8 mansion in Waltham Forest.
Evening Standard (19/07/2017)
14th July 2017
Telford Homes has already sold two-thirds of its Manhattan Plaza development off-plan, and has now opened a show home to persuade waverers that the project is a winner in reality as well as on paper. Designed Barton Willmore architects, the scheme is inspired by its Poplar surroundings, as well as New York’s Meatpacking District; when complete, it will feature a landscaped piazza, two rooftop garden, concierge services, and private residents’ gym. The main living space features a mirrored timber wall unit, styled as a bar and media stand, with bespoke furniture and a contemporary kitchen by designer Urban Myth. All bathrooms are equipped with contemporary ceramic tiling, fitted cabinets with chrome fixtures, as well as walk-in showers. The development, which is a short walk from Blackwall or Poplar DLR stations and a 15-minute walk from Canary Wharf Tube, start at £680,000 for a two-bedroom apartment with a private roof terrace.
The Wharf (08/07/2017)
14th July 2017
London’s house prices have increased by almost 60% since the depths of the recession, according to research by Lloyds Bank, which highlights values doubling in Waltham Forest and the City. Newham and Barking & Dagenham in east London, hit hardest in the recession, have seen the biggest increase in house prices in the last two years, up 32%. In 2009, Lloyds noted, the average price of a property in the capital was £362,641, while today values stand at £578,381.
Evening Standard (12/07/2017)
14th July 2017
Three penthouses at the top of The Waterman Building on the Greenwich Peninsula are currently on sale, the last three available properties in the Knight Dragon-developed block. The grandest, a three-bedroom apartment with wrap around roof terrace, features full width, floor-to-ceiling windows and a cantilevered living space aimed at making residents feel they are “hovering over the river”, with the interior fit-out by Tina Norden of Conran And Partners making use of a material palette of polished concrete, brass, marble and black joinery, reflecting the area’s industrial heritage. It is available now for £1.55m, while two other duplex penthouses are available for £1.3m and £1.25m. Residents in all three enjoy access to amenities such as a club house, cinema room, a 23rd floor terrace, and membership of the Aperture club, which includes a gym and nursery.
The Wharf (12/07/2017)
14th July 2017
Mayor of London Sadiq Khan has signed a £1.7bn agreement to build 50,000 new affordable homes with councils and housing associations including L&Q and Peabody. This will form part of his goal to help supply 90,000 new affordable homes in the next 4 years through £3.15bn of devolved Government funding. He vowed to aim for 50% affordable housing on all developments during the mayoral campaign, but then lowered this target to 35%. Earlier in the week, Mayor Khan announced plans to send in building experts to town halls to help improve the architectural standard of new homes being built. A new social enterprise would oversee the team of 50 planners and designers, who would be seconded to councils across London for up to a year.
The Daily Telegraph (13/07/2017) Evening Standard (11/07/2017)
14th July 2017
UK house price growth fell 0.1% in the three months to June, Halifax's house price index shows. The average price fell 1% between May and June from £220,515 to £218,390, and annual growth fell to a four-year low of 2.6%, while economists had expected 3.1% growth. Halifax housing economist Martin Ellis suggested rising inflation, combined with the new stamp duty on buy to let and second homes, has put off prospective buyers. “A continued low mortgage rate environment, combined with an ongoing acute shortage of properties should help continue to underpin house prices,” he added.
The Times (07/07/2017)