020 7538 0102
30th December 2016
Telford Homes and M&G Real Estate have launched a £48.6m project that will see 125 new private rental homes built at Upton Park. The Forge is scheduled for completion by September 2019, and consists of six blocks of one-, two- and three-bedroom homes. Close to Upton Park tube station, Canary Wharf is just 16 minutes away by public transport, with Stratford and Bank 11 and 17 minutes away respectively. The development is the second that Telford and M&G have embarked upon, following a £69.3m project for 150 new homes in Bow.
Property Magazine International (29/12/2016)
30th December 2016
Barking and Dagenham, Bexley, Newham and Havering remain the only London boroughs where the average home still sells for less than £400,000, according to Rightmove’s latest House Price Index. The data shows priced-out buyers are widening their net, leading to rising prices on the outer edges of the capital, while drops in asking prices continue to impact the prime London market. Camden in the north suffered the biggest annual fall of almost 18%. Havering enjoyed the biggest annual increase of over £40,000.
Evening Standard
30th December 2016
Halifax has forecast that house prices will edge higher still in the new year but the rate of growth will slow as household spending is squeezed. By the end of 2017, the bank expects annual house price growth across the UK to be running between 1 and 4%, compared to the annual rise of 10% seen in March this year A separate survey of 48 leading economists by the Times also predicts London house prices will flatline or contract in 2017 as slowing growth and higher inflation eat into household incomes. Outside the capital, prices are expected to continue to climb, albeit at a slower rate. The average price rise forecast comes in at over 3%.
The Independent (28/12/2016) The Times (28/12/2016)
30th December 2016
Airbnb figures suggest Londoners will make £17m this New Year's eve, with 2m people expected to find beds making for a 1,400-fold rise from New Year's Eve in 2009. London is the second-most popular location for Airbnb guests, after New York, whose hosts are expected to make £26m, but is still ahead of Paris, Tokyo and Rome.
City AM (29/12/2016)
23rd December 2016
The Nationwide Pension Fund has acquired the ground rents on a portfolio of some of London’s highest-profile residential schemes, including Wardian London in Canary Wharf, and the second phase of the “mini-Mahattan” London City Island development on the Leamouth Peninsula. The second phase of Embassy Gardens in Nine Elms is also included. The deal, which covers more than 2,500 units across the three sites, will generate rents worth over £1.6m per year to the pension fund.
Property Week (16/12/2016)
23rd December 2016
Following complaints that a 42-storey building in Stratford has damaged the view of St Paul’s cathedral from King Henry's Mound in Richmond Park, London Mayor Sadiq Khan has proposed greater protection for such views. With London boroughs several miles from St Paul's not currently required to hold public consultations on the impact of new buildings on protected views, Mr Khan said: “Consideration is to be given to including more distant boroughs to prevent this happening again”.
The Times (19/12/2016)