020 7538 0102
20th January 2017
Analysis by Savills indicates homes priced lower than £300,000 are now an “endangered species” in London as demand increases values in the capital’s last affordable areas. Of the 40 such neighbourhoods left, 15 are in Barking and Dagenham, five in Bexley, four in Croydon, and three in Havering. The analysis also shows that for the first time, there were more wards with a price average of over £1m than there were with under £300,000. The £300,000 barrier is seen as significant as it represents the outer limit of affordability for a typical London household.
Evening Standard (18/01/2017)
20th January 2017
London has topped the first Alpha Cities Index, scoring 77 out of 100 in the global rankings designed to determine the most desirable city in which to purchase a high end property.
Financial Times (29/01/2017)
20th January 2017
House price inflation picked up to 6.7% in the year to the end of November, according to the ONS, which said the average price of a UK home in November was £218,000, up £2,000 on October’s average and £14,000 higher than November 2015. England’s average property is now valued at £234,000; regionally, East of England saw average prices climb 10.5% in the year to November, while those in London were up 8.1% and the South East of England saw a 7.2% increase.
The Daily Telegraph (17/01/2017)
20th January 2017
The Guardian looks at responses to Prime Minister Theresa May's speech setting out her plans for Brexit, citing comment from Rics head of policy Jeremy Blackburn, who said: “While clarity is undoubtedly welcome, one thing is clear, a loss of access to the EU's skilled workforce has the potential to slowly bring the UK's property and construction sector to a standstill."
The Guardian (17/01/2017)
13th January 2017
New research reported in the Evening Standard has identified the London neighbourhoods which have seen the most significant increase in asking prices in the past 10 years. Wapping leads the way, with an average asking price of £901,031, an 154.8% increase. The area’s resurgence is epitomised by the £1.5bn transformation of the 15-acre site that once hosted News International’s headquarters, into London Dock, which will eventually provide 1,800 new homes, along with a new arts and shopping quarter. The east London enclave is followed by Brockley (£528,016); Clapton (£639,861); St John's Wood (£1,473,962); Notting Hill (£1,689,501); New Cross (£488,981); South Lambeth (£901,035); South Tottenham (£494,528); Camden (£1,130,722); and Whitechapel (£642,420).
Evening Standard (11/01/2017)
13th January 2017
London Mayor Sadiq Khan has announced that all parts of the City Hall group will offer employees help with renting a flat and urged businesses to follow suit. The campaign, Fifty Thousand Homes, calls on employers to offer staff housing advice and help to buy through mortgage guarantees or loans, preferential lending terms for mortgages and to consider providing quality rental accommodation. More than 100 employers including Mace Group and Grant Thornton UK LLP have signed up, and the campaign is backed by business groups, including London First, and housing charity Shelter.
Evening Standard (10/01/2017)