19th February 2016
The Standard says a trend for London homeowners to improve their homes rather than moving to new ones is gathering pace, with a 12.6% increase in planning applications for major home extensions in a year, up from 31,760 to 35,776.
Evening Standard (17/02016)
19th February 2016
The Government has launched a consultation into the feasibility of building upwards on existing properties in London, including blocks of flats and houses as well as shops and offices, without the need for planning permission. Planning minister Brandon Lewis said: “We are now going further and looking to the best ways to build upwards in the capital to deliver much-needed homes in those areas where it's appropriate”.
Daily Mail (18/02/20116)
12th February 2016
New figures show that East London has four times more rooms available to rent than any other district in the capital, with Canary Wharf and the Docklands topping the list with almost 9,000 looking to be filled, at an average rent of almost £800 per month.
The Wharf (11/02/2016)
12th February 2016
Blackheath, just a short DLR ride away from Canary Wharf, is fast becoming one of London’s most desirable villages, with prices increasing 14.4% in the first half of 2015 alone. Galliard’s Royal Green, a new residential development adjacent to Blackheath Park and close to a number of transport links, offers a selection of apartments, from studios to penthouses, built and finished to a high specification and available from £313,000.
UV 10 (11/02/2016)
12th February 2016
Just seven days after the Help to Buy London initiative was launched, more than 15,000 first-time buyers have taken up the offer. Mortgage brokers said they had been "deluged" by enquiries from tenants stuck in the "rental trap" and previously unable to save enough cash for a deposit. Ian Sutcliffe, group chief executive of Countryside, said: "The new scheme's popularity reflects the fact that it makes home ownership in London much more attainable and supports buyers far better than the (earlier) nationwide scheme was able to."
Evening Standard (08/02/2016)
12th February 2016
An analysis of Land Registry data reveals that the number of homes sold in London in 2015 fell almost 10%, to 103,772 – the first time they have fallen in four years. Property investment firm London Central Portfolio found that prices increased 4.5%, with the average price hitting £556,039, breaking through the half-million barrier for the first time. By way of comparison, the number of sales across the UK fell 3.4% to 739,128, with an average price of £237,921.
City AM (09/02/2016)