020 7538 0102
26th August 2016
Home movers are releasing their grip on London's housing market, according to data from the Council of Mortgage Lenders (CML), which shows they took out fewer loans in the second quarter. The CML said home movers withdrew 6,700 loans in the second quarter, a fall of 37% compared to the first quarter of 2016. London's first-time buyers borrowed £3bn in the second quarter however, up 3% on the first quarter and up 10% compared to the same quarter last year.
City AM (24.08/2016)
26th August 2016
Sadiq Khan has announced two progress steps in his quest to improve the supply of new homes for low and middle income households in London. One is the release for development of a piece of Transport for London (TfL) land in Kidbrooke. The other is the start of assembling his expert Homes for Londoners unit at City Hall. The Kidbrooke site is the first brought forward by TfL under Mr Khan’s manifesto pledge to supply “part-buy, part-rent” shared ownership homes on publicly-owned land for first-time buyers.
The Guardian (23/08/2016)
19th August 2016
Developer St George has opened up its London Dock development in Wapping, with a range of street food vendors forming a pop-up market every Wednesday this month from 11am to 4am. The aim is to give the public a first glimpse of the former News International site, which is being transformed into an 1,800 home development with over 200,000 sq ft of boutique shops, independent restaurants, artisan workshops, and a secondary school. One, two and three-bedroom apartments and penthouses are available; prices start from £869,950.
The Wharf (17/08/2016)
19th August 2016
Canary Wharf: banking on it
A report from salary benchmarking website Emolument has found that London’s bank and finance professionals are deserting traditional residential hotspots such as Kensington, Chelsea and Fulham, in favour of the Isle of Dogs and surrounding east London areas. Cost, as well as proximity to the workplace, would appear to have much to do with the migration: young City workers looking to buy their first home would have to shell out £1.1m on average in Kensington and Chelsea, as against an average £442,754 in Tower Hamlets.
City AM (12/08/2016)
19th August 2016
Sales of new homes in London fell by 43% in the six months to the end of June compared with a year earlier, according to analysis of Land Registry figures. Only 1,491 units were registered as sold in London's 11 inner boroughs. Buyers are now believed to have shifted their focus from high-rise apartments to cheaper homes that are offering better yields and higher capital growth.
The Times (16/08/2016)
12th August 2016
The Standard analyses Land Registry data, looking at the increase in home values seen in the six host boroughs since the London Olympics in 2012. Waltham Forest leads the growth, with values up 76% in the last four years. Hackney follows, with growth of 67%, while Newham, home of the Olympic Stadium, has seen averages rise 63% in the period. Elsewhere, Kirsty Major in the Independent looks at the impact hosting the Olympics can have on a city. She highlights reports from Shelter during the London Games which pointed to an increase in the number of families being evicted by rogue landlords wanting to cash in on the opportunity to rent out their properties to visitors at an inflated price.
Evening Standard (08/06/2016) The Independent (08/06/2016)