020 7538 0102
19th August 2016
Sales of new homes in London fell by 43% in the six months to the end of June compared with a year earlier, according to analysis of Land Registry figures. Only 1,491 units were registered as sold in London's 11 inner boroughs. Buyers are now believed to have shifted their focus from high-rise apartments to cheaper homes that are offering better yields and higher capital growth.
The Times (16/08/2016)
12th August 2016
The Standard analyses Land Registry data, looking at the increase in home values seen in the six host boroughs since the London Olympics in 2012. Waltham Forest leads the growth, with values up 76% in the last four years. Hackney follows, with growth of 67%, while Newham, home of the Olympic Stadium, has seen averages rise 63% in the period. Elsewhere, Kirsty Major in the Independent looks at the impact hosting the Olympics can have on a city. She highlights reports from Shelter during the London Games which pointed to an increase in the number of families being evicted by rogue landlords wanting to cash in on the opportunity to rent out their properties to visitors at an inflated price.
Evening Standard (08/06/2016) The Independent (08/06/2016)
12th August 2016
Limehouse, four miles from central London and perfectly located between the City and Canary Wharf comes under the Standard’s spotlight. Less expensive than Wapping to the west, it is also a lot quieter than the Isle of Dogs, and is relatively unspoiled compared to adjacent neighourhoods, with a small selection of Georgian houses, and a host of early Victorian cottages in the York Square area north of Commercial Road. New-build flates can be found at Canary Gateway, overlooking Limehouse Cut, where two six-storey blocks with 160 one-, two, and three-bedroom flats are being developed by the East Thames Consortium.
Evening Standard (10/06/2016)
12th August 2016
House prices fell by 1% in July, with the average UK price dropping to £214,678 last month in the wake of Britain’s decision to leave the EU, according to figures from the Halifax. That fall reversed a 1.2% gain in June; compared with a year earlier, prices in the three months to July were up by 8.4%. Halifax housing economist Martin Ellis said that despite signs that house-price growth is slowing “it remains too early to determine if there has been any impact” from the result of the referendum.
The Guardian (05/08/2016)
12th August 2016
Labour Party leadership contender Owen Smith has pledged to build 70,000 new homes a year in London to help tackle the capital's housing crisis. He said at least half of all the new homes in London would be affordable to help struggling young people and families, and he also vowed to boost housebuilding by 300,000 new homes a year across the country, including 150,000 social homes, for the next four years.
Evening Standard (10/08/2016)
12th August 2016
Living next to a “neighbour from hell” who allows their home to fall into disrepair can knock up to £83,000 off the value of a London home. Houses next door to a “bad neighbour” sell for an average of 8.2%, or £38,717, less than similar homes in their area, a study by insurer Privilege claims. The biggest price drag is being by a home with broken or boarded windows, followed by bad extensions and rubbish in the driveway.
The Daily Telegraph (11/06/2016)