020 7538 0102
16th June 2017
Figures from the CML show home buyers borrowed £9.6bn in April, down 14% on March’s total but up 19% on April 2016. April saw 51,200 buyers taking a loan, a 16% drop on the previous month. First time buyers borrowed £4..1bn, a fall of 16% compared to March but up 8% on a year ago, while movers took £5.5bn, an 11% decline on the month before but up 28% year-on-year. Buy-to-let loans were down 17% on March but roughly the same as April 2016’s figure.
The Daily Telegraph (13/06/2017)
9th June 2017
Galliard Homes is holding a launch event at the Amerigo Vespucci restaurant on Tuesday, 13th June for its E14 Collection - a package of offers designed to tempt potential buy-to-let investors at its Harbour Wharf and Orchard Wharf developments. The package includes a 12-month service charge holiday, a free letting and management agreement if a property is bought by a buy-to-let investor, and a deal on fully furnishing the home. Harbour Wharf is made up of five residential buildings centred on the 41-storey Maine Tower, housing 297 apartments, with prices starting at £699,995. Orchard Wharf is located between Canary Wharf and the Royal Docks, comprising 338 one-, two-, and three-bedroom homes, costing from £447,000. Separately, Telford Homes is offering its own enticements to buyers at its Horizons tower, on the Isle of Dogs; penthouses start from £1.475m and include around £100,000 of furniture, with interiors designed by Sophie Paterson
The Wharf (06/06/2017) Evening Standard (04/06/2017)
9th June 2017
Despite the housing crisis being a key issue on the political agenda, the snap election is expected to have little impact on the property market, according to a new report. Nationwide's chief economist Robert Gardner, who compiled the research, says that while house prices have dropped for the third consecutive month to an average £207,699, this is most likely to be due to broader economic effects and the impact of years of double-digit house price rises. He added: "For most home buyers, elections are not foremost in their minds while buying or selling their home”. Mr Gardner was speaking before the June 8th vote, which has resulted in a hung parliament, with the Conservatives garnering a support arrangement with the DUP.
Evening Standard (05/06/2017)
9th June 2017
The number of available mortgage deals where only a 5% is required is up 14% year-on-year, to 287 in June, according to Moneyfacts, as house prices fall for the third month in a row. Separately, Intermediary Mortgage Lenders Association data shows 67% of mortgage applications made by first-time buyers were completed in the first quarter, up from 48% a year earlier, with 84% of applications resulting in an offer.
The Daily Telegraph (02/06/2017) Financial Times (02/06/2017)
2nd June 2017
Chalegrove Properties has launched its Landmark Pinnacle development, set to be one of the biggest residential towers in Europe, a 233m, 75-storey tower on the corner of South Dock on the Isle of Dogs. Designed by Squire and Partners, the building is oriented so that each of the 752 penthouses, suites and one-, two- and three-bedroom apartments enjoy natural sunlight throughout the day. Each home features timber floors and floor-to-ceiling windows that all have views either of the River Thames or the dock; residents will have access to the 4,500 ft sq park Pinnacle Park, a 24-hour concierge and the first-floor Media Space which includes a 65-seater cinema, lounge and bar area. Prices start at £425,000 and the first residents are expected to move in during Q3 of 2020.
The Wharf (30/05/2017)
2nd June 2017
Greenland Group has confirmed AECOM as its preferred construction partner for its £800m, 235m Spire London development. The 67-storey tower, in the heart of the Docklands, will provide 861 one-, two- and three-bedroom apartments and penthouses, 765 of which are available for private sale. Completion is scheduled for the fourth quarter of 2020.
Construction Enquirer (30/05/2017)