7th July 2017
The latest set of homes to go on the market at Ballymore and Oxley’s Royal Wharf development are being launched with a family fun day at Royal Wharf Park on Saturday, July 29th, from noon to 4pm. Activities will include face painting and a Park Life themed baking workshop by BKD, with a selection of food and drink available for children and adults. A four-bedroom show apartment in Endeavour House, one of the development’s completed buildings, will also be unveiled. Located next to Thames Barrier Park on the riverside, the predominantly split-level two, three and four bedroom flats are set in the mansion-style Compass House and Latitude Building overlooking the water. The 39 properties are all due for completion this year, with some ready for occupation by the end of the summer. Homes at the site currently available for sale include two-beds from £695,000, three-beds from £680,000 and four-beds from £700,000.
The Wharf (03/07/2017)
7th July 2017
A study from Halifax shows that first time buyers across the UK need an average deposit of £32,899. The Halifax First-Time Buyer Review found that first timers in Northern Ireland face saving toward the lowest deposit, at an average of £16,457. The figure in London is far higher at £106,577, while first time buyers in Scotland need an average deposit of £21,565. The report also found that the average price paid for a first home is at a record high of £207,693. Across the UK, the number of first-time buyers reached an estimated 162,704 in the first six months of 2017, a figure just 15% below 2006’s peak..
The Independent (01/07/2017)
7th July 2017
More than half a million homes could be built in London without sacrificing green space by copying Paris and replacing existing buildings with five storey apartment blocks, the Campaign to Protect Rural England says. Its new report suggests building low-rise development over schools and commercial buildings to protect the Green Belt, estimating that there is enough "airspace" above existing one or two-storey buildings in the capital to provide at least 500,000 new homes.
The Times (06/07/2017)
7th July 2017
Research by Santander for the Standard shows that house prices in London are rising by more than their owners’ salaries each year. Through 2015 and 2016, property prices in London boroughs rose by an average of 11%, or £46,370 - a figure exceeding the capital’s £37,114 average wage. Researchers say evidence of the trend stretches back over analysis covering both the last five years and the last decade.
Evening Standard (05/07/2017)
7th July 2017
A “platinum penthouse” at Stratford Riverside featuring a 750 sq ft leisure terrace equipped with a chef’s barbecue, cocktail bar, spa pool and lounge/dining area has gone on sale, for £2.9m. The property offers views of Canary Wharf and the City of London from its six balconies, along with three VIP bedroom suites, a master bathroom complete with free standing bathtub, and two further luxury en-suites.
Business Insider (04/07/2017)
30th June 2017
Newham Council have approved planning permission for a development of 975 homes in Silvertown Way, Canning Town with additional space for commercial elements including a hotel and restaurants. The Brunel Street Works project is being developed by Opal, a partnership formed of Thames Valley Housing, Galliford Try and Fizzy Living, with work due to be completed by 2021. Project lead Rebecca Taylor, partner at JTP, said: “Brunel Street Works will be a vibrant, mixed-use urban quarter, harnessing JTP’s place-making expertise through an extensive community engagement process to create a diverse community with a distinct identity, at the high density needed in this area of east London.
The Wharf (30/06/2017)