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11th November 2016
According to the credit-checking agency Experian, rising rents and falling mortgage payments mean that it is now cheaper to buy a home than to rent one in 13% of the country. Rents have also risen in 217 districts of the 372 local authority districts in the past year and mortgage payments have fallen in 248. findings suggest that if they could raise a deposit many of the UK's 4.3m private tenants would find their mortgage repayments to be affordable, Jonathan Westley, of Experian, noted.
The Times (07/11/2016)
4th November 2016
Developers Ballymore and Oxley have launched the latest phase of their Royal Wharf scheme: the 70-apartment John Cabot House development. Named for the navigator and explorer who led the first European expedition into North America’s interior since the Vikings, the development is close to Royal Wharf’s high street and market square, with views over Lyle Park, and is set around a courtyard styled on the Georgian architecture of Belgravia and Fitzrovia. Prices start at £335,000, with one-bedroom apartments available from £405,000, two-beds from £550,000 and three-beds from £645,000.
The Wharf (28/10/2016
4th November 2016
New images have been published of Greenland Group’s £800m, 67-storey, 235m-high Spire London tower, in West India Quay - revealing the structure’s decidedly suggestive shape when viewed from above. Architects Larry Malcic and Christopher Colosimo say it is intended to resemble the petals of an orchid; however, its outline has led many to wonder if the Gherkin has lost its status as the most phallic building in the capital. Apartments in Spire London start at £600,000, with the most expensive available for around £3m. Residents will enjoy the use of an array of luxury amenities, including a concierge, gardens, and an infinity pool promising spectacular views over the capital.
City AM (02/11/2016)
4th November 2016
Savills has predicted that there will be a dramatic slowdown in house price growth in the next five years as economic uncertainty over Brexit disrupts the housing market. Prices will grow by a modest 2% in 2018. Savills added that house prices across the UK will rise 13% in the next five years, fuelled by a 5.5% jump in 2019 as the negotiations to leave the EU bring certainty to the market. In London this figure is 10.9%. The growth is forecast to be weaker than the increase in rental prices, which will rise by 19% across the UK in the next five years, and 24.5% in London.
The Times (03/11/2016)
4th Novemner 2016
EastEnders beats Britain's other major soap operas when it comes to property values. A study by the CEBR for Barclays Mortgages estimated the average brick in a home in Albert Square to be worth nearly £150. Emmerdale came second at nearly £50, followed by Hollyoaks, Coronation Street and River City.
The Independent (01/11/2016)
28th October 2016
Newham Council has granted planning permission for the 62-acre Silvertown Quays project in the Royal Docks, paving the way for the construction of 3,000 homes, of which over 1,000 have been classified as affordable. The £3.5bn scheme is a partnership between the Greater London Authority, which owns the land in Newham, and the Silvertown Partnership. Work has already begun on the site, based around the 1930s Millennium Mills building which used to house a flour factory, with 500 tonnes of asbestos already removed. The new residential communities will be built alongside more than 50 commercial buildings for offices and showrooms, alongside new parks, schools and health facilities.
Evening Standard (21/10/2016) Property Week (24/10/2016) City AM (24/10/2016)