020 7538 0102
20th November 2015
Stratford is to be reclassified from travel Zone 3 to Zone 2 in January, as part of the continuing bid to spur economic growth in the area, already revitalised since the 2012 Olympic Games. The move will have a massive bearing on property prices in the area; research from CBRE has shown that the average price jumps from £488,000 in Zone 3 to £723,000 in Zone 2. New homes are being added to the area in and around the Olympic Park all the time, such as Chobham Manor, Stratford Riverside, and the Manhattan Loft Gardens.
Evening Standard (16/11/2015)
20th November 2015
The average asking price for a London home has fallen £10,184 over the last month, or 1.6%, largely because sellers are keen to get sales wrapped up before Christmas. The property website also notes that this is an annual trend, with five out of the last six Novembers seeing price falls. With annual growth of 20%, Newham is the fastest-rising borough, while Barking and Dagenham is second. Waltham Forest - home to Leyton, Chingford and Walthamstow - is also on the up, possibly recording growth of 20% over the next five years.
Evening Standard (16/11/2015)
20th November 2015
Office for National Statistics figures show that house prices across the UK rose 6.1% in the year to September, compared with a 5.5% rise in the year to August. The average price for a house in the UK is now £286,000, up from £273,000 last year. London has seen average property prices exceed half a million pounds for the first time with an average value of £531,000. The ONS noted that the volume of mortgage approvals climbed 3.9% in Q3 2015 to reach its highest level since the first quarter of 2014.
The Daily Telegraph (17/11/2015)
20th November 2015
A study by the House of Commons library shows that some of the first-time buyers hoping to buy one of the government's new starter homes in London will have to earn £100,000 and offer a deposit of £96,000. Eleven boroughs including Camden, Hackney, and Southwark will require a six-figure salary, with average prices reaching caps on values within a decade. Across the country, buyers will need an average deposit of £47,000 and an income of £55,000.
The Times (19/11/2015)
13th November 2015
Ballymore Group’s Columbia West apartments, at New Providence Wharf in Blackwell, come complete with access to a 15,000 sq ft athletic and hydrocentre, including such facilities as a boxing ring, spinning bikes, and a championship-length lap pool. Located just a stone’s throw away from Canary Wharf, the development also sits on the Cycle Highway, which passes through Poplar and Limehouse and onto the City, making it the perfect location for workers wishing to keep up their fitness regimes. The apartments themselves include such features as built-in coffee machines, and comfort cooling, as well as a 24-hour concierge service.
The Wharf (07/11/2015)
13th November 2015
Renters spend more than half their income paying for the privilege of living in London, according to a new report. A typical renter pays 59.4% of their wage in rent, but those who own a home in London use up only a quarter of their income on paying for their loan. The Evening Standard's Ruth Bloomfield notes that average deposits now stand at £74,000, or 127% of a first-timer’s wage packet, and the average rent for a one-bedroom property in 18 out of London’s 33 boroughs is now £1,000 a month.
Evening Standard (11/11/2015)