020 7538 0102
2nd December 2016
Just one month after going on sale, over a third of the apartments at Spire London, at West India Quay, have already been reserved. The £800m, 67-storey tower will be the tallest residential structure in western Europe on completion in 2020, at 771 ft - level with One Canada Square, and just 245ft shorter than The Shard, up the river at London Bridge. Housing 861 apartments, the Greenland-developed Spire not only offers such extravagances as a concierge, infinity pool, and cocktail bar, but has also been “future-proofed”, ready to integrate new technologies as they emerge. Remaining apartments are available from £740,000.
Evening Standard (01/12/2016)
2nd December 2016
The Greater London Authority will spend £3.15bn to build 90,000 affordable homes by 2020/21. About 60,000 will be a mix of London Living Rent schemes - with rent set at one-third of average local household income - and shared ownership. A further 29,000 will be for councils' Affordable Rent housing, with a benchmark of £153 per week for a two-bed home. Grants up to £60,000 per council house will be offered to non-profit housing associations - with £28,000 grants available for affordable homes. The Standard notes that London Mayor Sadiq Khan has hit back at a claim that he “ratted” on an election pledge to make 50% of new homes in London genuinely affordable – an accusation presented by the London Assembly's Conservative housing spokesman Andrew Boff.
Financial Times (29/11/2016) Evening Standard (29/11/2016)
2nd December 2016
Thirty-five percent of all London homes on sale for £1m have just two bedrooms, while a further 10% have just one, according to new research. Across London as a whole, the “beds-per-million” average is 2.89, compared with a UK-wide figure of 4.77. The borough of Havering on the Essex borders is the only place left in London where £1m will secure five bedrooms.
Evening Standard (25/11/2016)
2nd December 2016
Annual house price growth has slowed to its lowest rate since January, according to the Nationwide. Prices in November were 4.4% higher than a year earlier, compared with a 4.6% increase in October, while the building society said prices rose by 0.1% from the month before, with the average cost of a home now £204,947.
The Daily Telegraph (01/12/2016)
Countryside and Taylor Wimpey have launched the latest collection of homes in the Greenwich Millennium Village project. Located close to the Peninsula’s Ecology Park, and just behind Greenwich Yacht Club, the 10-storey Iverna Quay tower block on the banks of the Thames offers a selection of 72 apartments, ranging from one-bedroom apartments to luxurious Überhauses. Canary Wharf is just a single stop away on the Jubilee Line from North Greenwich. Prices for a one-bed property start from £425,000.
The Wharf (21/11/2016)
28th November 2016
David Fell, research analyst at Hamptons International, says new developments in Lewisham could drive up values in the area, which he describes as “one of the capital’s most architecturally mixed neighbourhoods.” He notes that research from Hamptons shows that average house prices of £409,000 in Lewisham are about £150,000 below the London average but schemes like the Renaissance development by Barratt Homes will help push prices by revitalising the town centre, transforming previously run-down areas and providing nearly 800 new homes, commercial space and creative enterprise units.
City AM (17/11/2016)