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4th December 2015
Anna White in the Telegraph says the Government's increase in stamp duty has cooled the capital’s luxury property boom, with the number of sales in the £1m to £5m price bracket falling this year. Ms White says a report from Lloyds Bank shows that the sale of homes valued at more than £1m are down 11% in the first half of 2015. LonRes figures show that the number of London homes sold for between £1m and £2m fell 22.5% from July to September compared with the same period in 2014 while sales worth more than £5m were down 29% between January and October 2015. She says overseas investors and second-home buyers have shifted their focus to New York and the south of France.
4th December 2015
A three-bedroom apartment in Mayfair, which has been described as London's most spacious apartment, has gone on the market for £16m. With 3,500sq ft of space, the development at 26 Albemarle Street is being billed as the largest new flat in the West End. Selling agents are Knight Frank, Savills and Wetherell.
Daily Mail (01/12/2015
4th December 2015
New research suggests that luxury homes in London are valued at twice the price of their equivalent in Manhattan. The study, which comes from a new Transatlantic Wealth Report by Beauchamp Estates and New York-based Leslie J Garfield, says there has been a 7% increase in London based high-net worth investors seeking to buy prime residential property in New York.
The Independent (02/12/2015)
4th December 2015
First-time homebuyers in London will be able to take out a mortgage for little more than half the cost of a property after the government unveiled plans to offer interest-free loans worth up to 40% of the price.
The Guardian (28/11/2015)
27th November 2015
New designs for a cycle-friendly bridge across the Thames have been revealed by reForm Architects. The new crossing, with an estimated price tag of around £90m, would link the rapidly expanding Canary Wharf and Isle of Dogs areas north of the river to Rotherhithe on the south bank, and would be jointly funded by TfL, British Land and Canary Wharf Group. The bascule crossing, which splits in the middle to allow large boats to pass, would be the largest of its type in the world, according to reForm chairman Nik Randall. The scheme has the backing of Mayor Boris Johnson, who has tweeted “we love the scheme”.
Evening Standard (24/11/2015)
27th November 2015
Telford Homes has bought a site in Poplar, near Canary Wharf, for more than £20m, to build a 22-storey housing and nursery development. The company said that the development, on Carmen Street and close to Langdon Park Station, came with planning permission, with former owner Ballymore getting the go-ahead from Tower Hamlets Council in 2013. There are plans to add 206 new homes and a nursery; work is expected to begin next year, with completions anticipated in 2019 and 2020.
The Times (27/11/2015)