020 7538 0102
12th February 2016
Research shows that just one in three Londoners would be put off by nightmare neighbours when viewing a home, compared to 45% nationally. In the north east, 57% of residents said fears over those living next door would put them off buying a home. The main concerns for people when buying a property in London included distance from transport links and shops, as well as renovation costs.
Evening Standard (11/02/2016)
5th February 2016
Newham Council has granted detailed planning permission to Blackstone Real Estate Partners and Catalyst Capital for their new “Stratford Island” project. The east London development will see two tower blocks built in the Stratford Centre area, one of 42 storeys, the other of 25, creating 600 new homes, with 24,800 sq ft of leisure space and restaurants alongside 12,500 sq ft of offices, as well as a new public square and amenity space, and children’s play area. The old shopping centre itself will also be revamped. Construction is now expected to begin this year, with completion scheduled for 2018.
Property Week (04/02/2016) City AM (04/02/2016)
5th February 2016
The Evening Standard looks at six east London property hotspots where homes sit well within the budgets of first-time buyers, particularly those taking advantage of the government’s Help to Buy scheme for houses valued up to £600,000. The equity loan available was recently doubled from 20% to 40% of the property’s value, cutting the salary needed to afford an average £465,000 two-bed property from £56,000 to £36,000. Close to Canary Wharf are areas such as Stepney, where flats in a Victorian school conversion start from £449,950, and East City Point at Poplar, where a new home can be had for as little as £315,000.
Evening Standard, Homes and Property (05/02/2016)
5th February 2016
A London Underground map has been published which charts house prices across each of the capital’s 280 tube stops. The map shows that the eight minute commute between Finchley Road and Wembley Park sees values fall £1m, with the former’s average property value £1.4m compared to the latter’s £404,000. On the Northern Line, averages of £1.4m in Hampstead in Zone 2 and £962,000 in Zone 3’s Golders Green are shown to be a single stop apart. The average price of a Canary Wharf property is £500,000, while at Canning Town the average is significantly lower at £324,000, despite being just two stops away on the Jubilee Line.
Metro (03/02/2016)
5th February 2016
New research reveals that the average cost of a home in more than half of London postcodes now exceeds £500,000. Land Registry figures show that of 279 postcode districts in Greater London, 142 (51%) had an average price of at least half a million pounds.
The Guardian (04/02/2016)
5th February 2016
House price growth in the UK increased to 9.7% in the year to January, up from 9.5% a month earlier, according to the Halifax, while the average cost of a house or flat in the UK has now risen to £212,430. Martin Ellis, Halifax's housing economist, said: "The imbalance between supply and demand continues to exert significant upward pressure on house prices".
The Times (04/02/2016)