020 7538 0102
26th August 2016
EcoWorld Ballymore has put 100 new apartments on the market at its London City Island development on the Leamouth Peninsula. Dubbed a “Mini Manhattan”, the 12-acre site on former marshland where the Lea flows into the Thames will eventually host 1,700 apartments. The homes will be connected to Canning Town by a new 260ft footbridge over the Lea, offering easy access to the Jubilee Line and DLR. Residents will also have a number of restaurants, shops, creative hubs and al fresco spaces to enjoy. The first homes are due to be completed this year; prices begin at £405,000 for a one-bedroom home, going up to £760,000 for the larger, four-bedroom properties.
Evening Standard (26/08/2016) East London Advertiser (23/08/2016)
26th August 2016
Virtual reality has moved into the real estate world in a big way. Goldman Sachs estimates that by 2025, virtual reality software for real estate applications will be a $2.6bn market. According to architect Gonzalo Navarro, who is part of a growing number of people who specialize in creating virtual reality experiences for wealthy real estate shoppers, estate agents will soon be able to get on the virtual reality bandwagon as the technology becomes more ubiquitous and hardware gets cheaper.
The Guardian (21/08/2016)
26th August 2016
Home movers are releasing their grip on London's housing market, according to data from the Council of Mortgage Lenders (CML), which shows they took out fewer loans in the second quarter. The CML said home movers withdrew 6,700 loans in the second quarter, a fall of 37% compared to the first quarter of 2016. London's first-time buyers borrowed £3bn in the second quarter however, up 3% on the first quarter and up 10% compared to the same quarter last year.
City AM (24.08/2016)
26th August 2016
Sadiq Khan has announced two progress steps in his quest to improve the supply of new homes for low and middle income households in London. One is the release for development of a piece of Transport for London (TfL) land in Kidbrooke. The other is the start of assembling his expert Homes for Londoners unit at City Hall. The Kidbrooke site is the first brought forward by TfL under Mr Khan’s manifesto pledge to supply “part-buy, part-rent” shared ownership homes on publicly-owned land for first-time buyers.
The Guardian (23/08/2016)
19th August 2016
Developer St George has opened up its London Dock development in Wapping, with a range of street food vendors forming a pop-up market every Wednesday this month from 11am to 4am. The aim is to give the public a first glimpse of the former News International site, which is being transformed into an 1,800 home development with over 200,000 sq ft of boutique shops, independent restaurants, artisan workshops, and a secondary school. One, two and three-bedroom apartments and penthouses are available; prices start from £869,950.
The Wharf (17/08/2016)
19th August 2016
Canary Wharf: banking on it
A report from salary benchmarking website Emolument has found that London’s bank and finance professionals are deserting traditional residential hotspots such as Kensington, Chelsea and Fulham, in favour of the Isle of Dogs and surrounding east London areas. Cost, as well as proximity to the workplace, would appear to have much to do with the migration: young City workers looking to buy their first home would have to shell out £1.1m on average in Kensington and Chelsea, as against an average £442,754 in Tower Hamlets.
City AM (12/08/2016)