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9th February 2018
Transport for London is seeking a development partner to transform the Limmo Peninsula, an Elizabeth Line tunnelling site close to Canning Town tube station, into a 1,500-home neighbourhood. Six hundred of the new homes will be “genuinely affordable, Mayor Sadiq Khan said at the launch. Graeme Craig, director of commercial development at TfL, said: “This is the biggest site yet that we’ve released to our Property Partnership Framework and is a great example of a high-density development enabled by excellent transport links. Limmo Peninsula will make a significant contribution to meeting London’s demand for more affordable homes”.
Property Week (06/02/2018) Inside Housing (06/02/2018)
9th February 2018
Mayor London Sadiq Khan says he will offer residents of the capital’s housing estates a greater say on regeneration plans. His Better Homes for Local People guide says mandatory ballots of residents will be a strict condition of City Hall funding. Mr Khan commented: “We need more social housing in London, not less”, adding that he intends to ensure estate regeneration projects “protect existing social housing and take every opportunity to build more”.
Evening Standard (02/02/2018)
9th February 2018
The number of homes sold in the most expensive postcodes of London fell by 3.6% last year compared with 2016, according to property data provider Lonres, particularly in homes priced below £2m. Estate agents also reported an increase in the number of viewings and the amount of time a property spent on the market, while about 60% more properties were withdrawn from sale than in the previous year. The most common reason was cited as the inability to reach a price that that suited homeowners.
The Times (05/02/2018)
9th February 2018
UK house prices fell for a second consecutive month in January, leaving the average price of a home at £223,285, a dip of 0.6% according to the Halifax. Prices fell 0.8% in December, stunting annual house price growth to 2.2%, its slowest rate in six months. Howard Archer, chief economic adviser at EY Item Club, said: "The latest Halifax data reinforces our belief that 2018 will be a difficult year for the housing market and price gains over the year will be limited to a modest 2%”.
The Daily Telegraph (07/02/2018)
2nd February 2018
An estimated 359,000 people bought their first property in 2017, according to the latest Halifax First-Time Buyer Review, marking a 6% increase on the year before and the highest total since 2007. These buyers needed an average deposit of £33,339 - a 91% increase compared with a decade ago. Northern Ireland was the cheapest region, with a deposit of £17,636 and an average house price of £120,648, while average buyers in London needed a deposit of £112,604 and paid £422,580 for a home.
The Times (27/01/2018)
2nd February 2018
Think tank Centre for London says London home prices dropped by an average of 4.1% in the year to November, the largest year-on-year fall since August 2009. Flats fell the fastest, with a 7% dip, followed by terrace houses, which declined by 2%, while semis rose 4%.
Evening Standard (30/01/2018)