020 7538 0102
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)
28th October 2016
In the three months since the referendum the average price cut on homes across most of London’s Zones 1 and 2 was a record £100,131, according to property analysts LonRes, compared to £59,573 in the same period last year. LonRes calculates that the price of 46% of central London homes sold since the Brexit vote have had to be adjusted before sale, compared with 36% in the same period of 2015.
Evening Standard (25/10/2016)
28th October 2016
Barratt London has updated the iconic Monopoly board to reflect 2016 prices. Whitechapel Road in Tower Hamlets, traditionally the second-cheapest in the game, is still on a brown square but has risen from £60 to £536,606. Mayfair remains the most expensive in the game, up from £400 to £3,092,166. The developer has also created a separate version of the board, for the most affordable boroughs; Newham sits on a blue square, at £403,842, Greenwich orange at £461,957, Tower Hamlets yellow at £601,449, and Hackney blue at £659,868.
The Wharf (24/10/2016)
28th October 2016
The most popular Airbnb properties in London are in the East End, a new survey shows, with flats and houses in Tower Hamlets let through the website occupied 94% of the time they are available for rent. The average nightly rate for accommodation for four people in Tower Hamlets is £151, compared with £172 for London as a whole and £226 for Westminster, the survey shows. The second most popular borough is Hackney, with Kensington and Chelsea third.
Evening Standard (24/10/2016)
28th October 206
Figures from the British Bankers' Association show that September saw 38,252 mortgage approvals, a 14.9% drop year-on-year from the 44,941 in September 2015. The figures mark an improvement on a 21% decline in August, when approvals hit 37,241 - the lowest level since January 2015. The first nine months of 2016 have seen approvals 3% down on the same period last year, although remortgages in the first three quarters are up 15% year-on-year, with 24,841 approved in September. BBA chief economist Rebecca Harding said: “Mortgage approvals picked up slightly this month but the housing market continues to shows signs of underlying weakness”.
The Daily Telegraph (26/10/2016)