020 7538 0102
19th May 2017
A home worth £1.2m that was being raffled off for just £5 per ticket has been withdrawn after concerns from the local council. Owner Renu Qadri was aiming to raise £3.75m through the online raffle for her home in south east London’s Blackheath. A spokesman for Greenwich Council said the listing may have breached Gambling Commission rules. Ms Qadri reportedly bought the property under the Government’s right-to-buy scheme three years ago for £360,000.
The Daily Telegraph (13/05/2017)
12th April 2017
One Park Drive, the first UK residential scheme by famed architects Herzog and de Meuron, has launched to the market. The unique circular 58-storey tower, on the corner of South Dock, is surrounded by water on two sides, with each of the 483 homes with its own terrace offering views of the Docklands, the City, or the Thames; it is divided into three distinct sections, from the Loft at the lower levels of the building, the Cluster in the middle, and the Bay on levels 35-57. Homes are available now, with prices starting at £575,000 for a studio.
The Wharf (04/05/2017)
12th May 2017
Twelve penthouses have gone on sale at Wardian London, EcoWorld Ballymore’s two-tower development by Cabot Square on the Isle of Dogs. Priced from £1.85m, each home has its own private sky garden, enclosed at each end for year-round use. Personalised garden design packages are available from £13,280 offering paving, plants, and outdoor furniture. The 792-home project is named after the traditional glass Wardian containers that were once created in the Docklands and used to transport rare plants across the globe.
Evening Standard (09/05/2017)
12th May 2017
Uncertainty over the general election, changes to property taxes over the past three years and lack of stock is causing the housing market to “stagnate”, according to Rics. In a survey of more than 600 estate agency branches, it found the average number of homes on estate agents' books was close to record lows in April. A net balance of 4% of surveyors reporting a fall in new inquiries, while 9% recorded a drop in sales. However, 22% more surveyors reported a rise in house prices than those reporting a fall. In the northwest, 67% more surveyors reported higher prices. In areas such as London and East Anglia, however, "price growth has eased considerably".
Financial Times (10/05/2017)
12th May 2017
Property in prime areas of London is selling for an average of 9.1% lower than the asking price, new figures by property data tracker LonRes show.. It says 45% of properties were reduced in price before sale in the first quarter of this year, coinciding with a year-on-year drop of 26% in the number of properties sold last quarter. Higher rates of stamp duty and the levy on second homes caused the slowdown as buyers became more wary with their purchases affecting house prices, LonRes said. The number of properties withdrawn from the market was also up 15% as some vendors decide not to move rather than accept a lower than desired price.
City AM (10/05/2017)
12th May 2017
In the three months to April house prices fell 0.2%, according to Halifax, with prices down 0.1% over the past month. The dip in Q1 marks the first quarterly fall since November 2012. However, for the year to April, prices rose by 3.8% - the same increase as that seen in March. The figures show that the average cost of a home now stands at £219,649 - £2,541 lower than the peak recorded in December 2016. Martin Ellis, Halifax’s housing economist, said prices have “stagnated” in the last quarter while demand “appears to have been curbed” by a “deterioration” in housing affordability caused by “a sustained period of rapid house price growth” through 2014 to 2016. The Halifax report includes a poll on market confidence which saw 58% of respondents say they expect the average property price to rise in the next year, while 14% expect prices to fall.
The Times (08/05/2017)