020 7538 0102
21st April 2017
New data shows house price growth has continued to slow in London, though eight in 10 regions in England and Wales recorded new peak average prices last month. House price growth in Kensington and Chelsea fell at the sharpest rate at 2.6%, while the average house price nationwide rose 0.5%, and 3.3% year-on-year, to £301,278 in March. The region with the highest rate of annual house price growth at 4.8% was the West Midlands.
City AM
21st April 2017
The Times’ Francesca Steele considers the fortunes of London and Paris’ property markets. She notes that in 2014, Parisian house prices dipped by around 5% while those in London rose 15%, according to LonRes data. However, 2016 saw a turnaround, with London seeing price growth at its lowest in six years while Paris saw prices reach their highest level in six years – and the number of sales was up 14% on the year before.
The Times (20/04/2017)
13th April 2017
Family Mosaic has released a number of shared ownership apartments at The Gramercy, a new development on the Greenwich Peninsula just a four-minute walk from the Cutty Sark, and 12 minutes from Canary Wharf on the DLR. Each home includes features such as wood-effect kitchen units, fully integrated appliances, white bathroom suites with heated towel rails, washing machines, and private balconies or terraces. Prices start at £122,100 for a 30% share of a property. Alternatively, there are still a number of private-sale homes available, including two-bedroom apartments from £635,000, and a four-bedroom townhouse with garden and terrace for £1.45m.
The Wharf (11/04/2017)
13th April 2017
The Silvertown Partnership, a £3.5bn joint venture between developer First Base and engineering concern Aecom, is planning to build 3,000 homes in east London, with a new modular factory. Permission is being sought for a construction facility at Silvertown, with the capacity to deliver 500 homes annually, with the first expected to be provided next year. Of the 3,000 homes being provided from the factory, 35% will be designated affordable. Aecom will be responsible for designing and assembling the homes on site.
Inside Housing (10/04/2017)
13th April 2017
House price growth across the UK picked up in February, according to the Office for National Statistics (ONS), with prices up 5.8% in the year to February – an increase on January’s 5.3%. The annual increase is slower than the average growth of 7.3% seen in 2016. The ONS figures, which include cash sales, show that the average price of a property has risen to a record high of £217,502. England saw its average price climb 6.3% in the year, while in London they rose by 3.7% in the year to February, the slowest annual rate since April 2012. The data also reveals that the average first-time buyer is paying £183,857 for their home - up 7.3% on a year ago.
Daily Mail (11/04/2017)
13th April 2017
CML data shows that home buying activity increased by 7% in February compared to January - but is up just 2% on last year. Some 48,600 loans were handed out for house purchases in February, with 24,200 going to first-time buyers and 24,400 going to home-movers. The average amount borrowed by first-time buyers fell slightly in February, but the total amount borrowed was 12% higher than February 2016’s total.
The Daily Telegraph (11/04/2017)