22nd April 2016
EcoWorld Ballymore has launched for sale its West Tower development in Canary Wharf, offering suites, one and two bedroom apartments. It is the second of two high-end residential towers overlooking South Dock with views of Canary Wharf and each apartment offering an extensive private ‘sky garden’, up to 37.2 sq m in size.
CoStar (22/04/2016)
22nd April 2016
After stamp duty increased on expensive homes and prices began falling in London’s wealthiest areas, potential buyers of homes worth more than £10m are increasingly opting to become tenants instead.
22nd April 2016
Over 50% of homes in London’s prime market were sold at discounts of 10% or more in the first quarter following a downturn in the market, according to LonRes.
15th April 2016
Developer Mount Anvil and car manufacturer Aston Martin have celebrated a their partnership by displaying a 2016 V8 Vantage GTE Challenger race car on top of the 31-storey Dollar Bay Tower in South Quay on the Isle of Dogs. The event on Wednesday, which marked Mount Anvil’s appointment as Aston Martin’s Central London Luxury Homes Partner, saw guests mingle around the car, which will compete in the 2016 FIA World Endurance Championship, on top of the Ian Simpson-designed tower which, when complete, will offer 113 studio, one, two and three-bedroom apartments.
The Wharf (14/04/2016)
15th April 2016
More than 35,000 high-end homes with a sales value of upwards of £77bn are set to be built in London in the next 10 years, according to new research, despite demand beginning to cool. Design and consultancy firm Arcadis said figures from 2015 showed there are 35,055 luxury homes in planning and development - 40% more than 2014's figure of around 25,000. The homes will have a combined floorspace larger than the whole of the City of London.
The Daily Telegraph (11/04/2016)
15th April 2016
Sutton and Cheam MP Paul Scully has criticised proposals to change the IHT, paid at 40% if a person's estate, including their property, is worth more than £325,000. Mr Scully said Londoners were more likely to be hit because the average price of property in the capital is £530,368, compared with £190,275 elsewhere in England and Wales.
Evening Standard (11/04/2016)