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17th March 2017
The Times has revealed its 20 coolest places to live in Britain. London’s E20 postcode is one of the locations to make the cut. “London’s hippest postcode” according to Vogue, it incorporates the Queen Elizabeth Olympic Park in Stratford, along with parts of Homerton, Leyton and Bow, making it the ideal place to look for workers in the City or Canary Wharf. As a guide price, one-bedroom flats in Chobham Manor by the Velodrome start at £375,000.
The Times (13/03/2017)
17th March 2017
Chinese developer ABP says that over £200m of property under construction at the Royal Albert Dock east of Canary Wharf, part of a £1.7bn plan to create a third financial district in London, has already been snapped up. Although primarily office space, the development will also ultimately include homes and retail.
Evening Standard (15/03/2017)
17th March 2017
Data from the CML shows first-time buyers borrowed £3.6bn for home purchases in January, down 29% on December, but up 9% on a year ago. First-timers took out a total of 22,600 loans in the month - a 29% month-on-month dip but up 7% year-on-year. The average sum borrowed in January was £132,400, marking a fall from December’s typical loan of £136,000. Buy-to-let loans were down 16% on a year ago but up 9% on December. The number of loans taken out by movers in January fell to 23,000, down 7% year-on-year and 27% month-on-month.
Financial Times (14/03/2017)
10th March 2017
Engineering infrastructure work is about to begin on Harbour Central, Galliard Homes’ luxury development on the Isle of Dogs. The project consists of five high-rise towers, centred around the 41-storey Maine Tower. Twenty of the 642 apartments remain on sale, with eight one-bedroom, five two-bedroom and seven three-bedroom homes available, with prices ranging from £705,000 to £1.37m.
The Wharf (02/03/2017)
10th March 2017
The residential elements of Allies and Morrison’s £1.3bn Olympicopolis cultural quarter in Stratford’s Queen Elizabeth Olympic Park are up for revision, following complaints over protected views of St Paul’s Cathedral. The 30-storey and 40-storey residential towers on the Olympicopolis scheme are understood to be among half a dozen high-rise projects in Stratford which could be affected by potential changes to the sightline policy, which was sparked by complaints over SOM’s Manhattan Loft Gardens 42-storey skyscaper. The new designs are to be unveiled in May.
Architects’ Journal (03/03/2017)
10th March 2017
The annual rate of growth in UK house prices has slowed to its lowest pace in three and a half years, according to the Halifax, which has said prices increased by 5.1% in the year to February, the lowest since July 2013. It means the rate of house price inflation has halved in 11 months and that the average price is now £219,949. Martin Ellis, a housing economist at Halifax, said: "A sustained period of house price growth in excess of pay rises has made it increasingly difficult for many to purchase a home”. Separate research shows that the average London home has been going up in value by £105 a day since December 2011, when the average home in London cost £292,284. That figure now stands at £483,803. Westminster and Kensington & Chelsea, the areas with the fastest rising prices, saw values up more than £200 a day in the period, while values in Barking & Dagenham, the worst-performing location, grew by an average £69 per day.
The Times (07/03/2017) Evening Standard (08/03/2017)