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27th May 2016
Chancellor George Osborne has predicted that house prices could fall by between 10 and 18% in coming years if Britain votes to leave the EU. The Telegraph notes that if this forecast were to prove accurate, the projected value of an average house in Britain could drop by over £50,000 within two years.
The Daily Telegraph (20/05/2016)
20th May 2016
The Evening Standard looks at the spate of new, family-friendly properties sprouting up in London’s Canary Wharf and surrounding Docklands. Developments such as Galliard’s Millharbour Village, a new, 1,500 high-rise quarter, have been designed to bring a sense of community to the capital’s second financial district, while Berkeley’s South Quay Plaza, an 888-home project set around a 66-storey skyscraper, also brings a new dockside promenade and park, along shops, parks and restaurants.
Evening Standard (18/05/2016)
20th May 2016
Planners in Tower Hamlets have rejected Berkeley Homes’ proposals for South Quay Plaza Four, a 56-storey tower that would have offered 396 apartments - double the recommended density. Tower Hamlets accepted the Isle of Dogs Neighbourhood Planning Forum’s argument that the area lacks the infrastructure to support such an influx of new residents.
The Wharf (17/05/2016)
20th May 2016
Richard Desmond has appointed London & Regional, the group controlled by the billionaire brothers Ian and Richard Livingstone, to secure planning consent to develop the 15-acre Westferry Printers site in London’s Docklands. Mr Desmond wants to turn the industrial site into a residential-led scheme which could include about 3,000 homes. When redeveloped the site could have a value of more than £500m.
The Times (14/04/2016)
20th May 2016
London Mayor Sadiq Khan plans to quadruple the proportion of “affordable” housing being built in the capital, saying he wants more than 50% of homes on some new housing developments to be affordable. He notes that this does not mean 80% of market rent, as affordable is defined by the Government, but far lower social rents or “London living rent”, which is pitched at a third of average incomes.
The Guardian (18/05/2016)
20th May 2016
The ONS has said that UK house prices increased in March at their fastest monthly rate since 2004 as buy-to-let investors accelerated purchases ahead of a stamp duty rise in April. Its UK house price index increased by 2.5% between February and March to take the average price of a home to £291,820. The biggest increase in house prices came in London, where they rose 13%, while house prices in the South East rose by 12.2%.
The Daily Telegraph (17/05/2016)