020 7538 0102
24th March 2017
Private renters are twice as likely to have no savings than mortgage holders and regularly cut back on food, according to a report from the University of Bristol commissioned by the finance website Momentum UK. The Financial Wellness Index shows almost one in three private renters have less than £100 in savings, compared to one in seven (15%) people with a mortgage on their home. Private renters send roughly half their salary to their landlord each month, and around 60% of renters also do not have a pension, compared to just over a quarter of people who are paying off a mortgage.
City AM (22/03/2017)
17th March 2017
With Halifax research showing that properties have increased in value more than the average net earnings of their inhabitants in a third of the UK, the Telegraph looks at the regions where this is most prevalent. London, the South East, South West and the East of England account for 93% of the number, while earnings outpaced house price increases across the North East, Scotland, and Northern Ireland. The report shows London boroughs dominating the top ten areas where house price growth exceeds the wages of those living in the homes.
The Daily Telegraph (15/03/2017)
17th March 2017
The Times has revealed its 20 coolest places to live in Britain. London’s E20 postcode is one of the locations to make the cut. “London’s hippest postcode” according to Vogue, it incorporates the Queen Elizabeth Olympic Park in Stratford, along with parts of Homerton, Leyton and Bow, making it the ideal place to look for workers in the City or Canary Wharf. As a guide price, one-bedroom flats in Chobham Manor by the Velodrome start at £375,000.
The Times (13/03/2017)
17th March 2017
Chinese developer ABP says that over £200m of property under construction at the Royal Albert Dock east of Canary Wharf, part of a £1.7bn plan to create a third financial district in London, has already been snapped up. Although primarily office space, the development will also ultimately include homes and retail.
Evening Standard (15/03/2017)
17th March 2017
Data from the CML shows first-time buyers borrowed £3.6bn for home purchases in January, down 29% on December, but up 9% on a year ago. First-timers took out a total of 22,600 loans in the month - a 29% month-on-month dip but up 7% year-on-year. The average sum borrowed in January was £132,400, marking a fall from December’s typical loan of £136,000. Buy-to-let loans were down 16% on a year ago but up 9% on December. The number of loans taken out by movers in January fell to 23,000, down 7% year-on-year and 27% month-on-month.
Financial Times (14/03/2017)
10th March 2017
Engineering infrastructure work is about to begin on Harbour Central, Galliard Homes’ luxury development on the Isle of Dogs. The project consists of five high-rise towers, centred around the 41-storey Maine Tower. Twenty of the 642 apartments remain on sale, with eight one-bedroom, five two-bedroom and seven three-bedroom homes available, with prices ranging from £705,000 to £1.37m.
The Wharf (02/03/2017)