020 7538 0102
6th May 2016
Analysis of Land Registry data shows that London homes have earned owners almost £200 a day on average already this year. The average daily increase in a London home's value between January and March was £197, equivalent to £71,905 a year. The biggest rises were in Lewisham, where prices went up £385 a day, equal to more than £140,000 a year. Hackney followed close behind, with prices up by £343 daily, while Barking & Dagenham saw prices climb £293 a day.
Evening Standard (04/05/2016)
6th May 2016
A study from Knight Frank has found that London has fallen to 24th place in a league table measuring prime house prices in cities around the world. Prices in the capital were up 0.8% in the year to March, the slowest growth rate since October 2009; prime prices in the 35 cities included in the study grew by an average of 3.6%. The deceleration has been attributed to the increased stamp duty on second-home buyers since April 1st. The biggest increase globally was seen in Vancouver, where a lack of supply helped drive prices up 26%. Shanghai, Sydney, Melbourne and Cape Town filled out the top five.
The Daily Telegraph (04/05/2016)
29th April 2016
Mayor Boris Johnson’s office has given the green light to two major new residential schemes on the Isle of Dogs. On Wednesday April 27th, Deputy Mayor Sir Edward Lister first approved London & Regional’s £500m proposals to redevelop Westferry Printworks, on the edge of the Millwall Outer Dock. Richard Desmond’s Northern & Shell plans to build 722 flats in nine blocks, four of which will be up to 30 storeys high, along with a secondary school and an array of office facilities. Later in the day, Sir Edward handed planning permission to Far East Consortium for its Alpha Square project at 50 Marsh Wall. Also mooted to cost £500m, a 65-storey, 217m skyscraper will anchor two shorter towers of 20 and 34 storeys, with a combined 634 homes and a 20-floor hotel of 231 rooms.
Construction Enquirer (28/04/2016) Property Week (27/04/2016)
29th April 2016
Those who work in the financial district on the Isle of Dogs but wish to put a little more space between home and office could do worse than turn their gaze just a short distance Northeast to Newham. Well connected to Canary Wharf via public transport, prices are nevertheless £200-£300 less per sq ft than on the peninsula itself. Offering easy access to the Queen Elizabeth Olympic Park, Westfield Stratford City, and host to green spaces such as Thames Barrier Park, one-bedroom flats can be picked up for as little as £300,000.
The Wharf (27/04/2016)
29th April 2016
Research by Savills shows house price growth now stands at an annual 3..4% for homes in central London costing £500,000 to £1m, down from more than 15% in early 2014.
Financial Times (27/04/2016)
29th April 2016
London mayoral hopeful Sadiq Khan wants to create a new Homes for Londoners agency that would bring together housing experts to speed up the delivery of affordable homes to rent and buy at every development stage. It would be tasked with freeing up and packaging public land on which to build the 50,000 new homes a year that London needs, finding new sources of finance, and ensuring building takes place as quickly as possible.
Evening Standard (27/04/2016)