020 7538 0102
7th April 2017
A collection of 24 new homes have been put on the market at London City Island on the Leamouth Peninsula. The EcoWorld Ballymore development, named Best New Place to Live at the 2017 London Planning Awards in February, is within easy reach of Canary Wharf, via the Jubilee Line or DLR at Canning Town Station. The second phase of the project is currently under construction, with the London Film School and English National Ballet preparing to relocate there. Prices for the latest collection of homes start at £399,950 for a studio, £450,000 for a one-bedroom apartment, £635,000 for a two-bed, and £800,000 for a three-bed home.
The Wharf (03/04/2017)
7th April 2017
Total net completions in London, including sub-market and intermediate housing provision, are expected to peak at 46,500 this year, ahead of the minimum 42,000 homes a year target set by the London Plan, before falling sharply from next year. It is estimated that 58% of demand is for homes costing less than £450 per sq ft, which accounts for just 15% of the five year build forecast, while in comparison, oversupply was particularly acute above the £1,000 per sq ft price point.
The Daily Telegraph (04/04/2017)
7th April 2017
Figures from Nationwide show that British house prices fell for the first time since mid-2015 in March, dipping 0.3% on the month before. This compares to a 0.6% increase in February. Year on year, prices climbed 3.5%, a rate that marks the weakest increase since August 2015. The annual pace of growth was down on February’s 4..5%, is weaker than March 2015’s 5.7% and falls below analyst forecasts of 4%. Nationwide also revealed that home ownership fell to its lowest level since 1985 in March, with just 38% of those aged between 25 and 34 owning property. For those aged 35 to 44, ownership rates have also seen declines, standing at 56% now compared to 74% in 2006. The report notes that the average cost of a house in the UK stood at £207,308 in March, up from £205,846 in February.
The Guardian (31/03/2017)
7th April 2017
The number of Londoners living on boats has rocketed, with boats registered to be moored on the capital’s waterways having increased by nearly 60% in the past five years to almost 4,000 according to latest figures from the Canal & River Trust. Fran Read, a spokeswoman for the trust, believes there is romance in life afloat: "It was once a very alternative thing to do but now it has become a lot more acceptable”.
Evening Standard (05/04/2017)
31st March 2017
development on sale on May 4th, with prices starting from £575,000 for a studio, £750,000 for a one-bedroom property, £1,080,000 for a two-bed and £1,625,000 for a three-bed. The 58-storey building is Herzog & de Meuron’s first residential project in the UK; the renowned architectural practice has assigned typologies to each home – Loft, Bay or Cluster – with each offering views of the Docklands area and across London. Facilities include a concierge, library, screening room, and a fitness suite with 20-metre swimming pool, gym, steam room and sauna.
London Loves Business (27/03/2017)
31st March 2017
A new study has found that Bow – just 10 minutes from Canary Wharf via the DLR from Bow Church – is the third cheapest area in Zone 2, with an average property price of £677 per sq ft, £217 cheaper than the Zone’s average of £894 per sq ft. Devons Road DLR, to the south of Bow Church, is even closer, just a seven minute ride from the estate. The Merchants Walk development, close to the station, offers a selection of apartments, ranging from studios to three-bedroom homes, with prices beginning at £375,000.
The Wharf (28/03/2017)