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22nd April 2016
Luxury £1.5m apartments being built in the Battersea Power Station redevelopment are being held back from the market, as the downturn at the top end of the London property market hits sales. The chief executive of the Battersea Power Station Development company (BPSD), Rob Tincknell, said that 35 apartments were currently up for sale, while another 150 were being held back: “If there is market demand, we will release more units, but the market has softened.”
The Guardian (22/04/2016)
22nd April 2016
The Evening Standard reports that a 30-storey apartment block in Paddington that campaigners warn will "open the floodgates" to a new wave of skyscraper building in central London has also been given the go ahead.. The tower is part of a £1bn development on a 2.7 acre car park site just north of the Westway Marylebone flyover that has stood vacant since 1989.
Evening Standard (19/04/2016)
22nd April 2016
The Evening Standard profiles Jake Willis and Kim Felettigh, founders of London Shared, a company that leases property from a landlord on a three-to-five-year agreement, does it up and then rents it out room by room to working professionals, earning the difference between what they paid the landlords and what the tenants pay them. They estimate they can save a typical landlord £30,000 in fees over the course of their agreements, and maintain they have always been able to pay the monthly rent.
Evening Standard (19/04/2016)
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.