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11th September 2015
The Evening Standard's David Spittles explores how the Crossrail project has triggered a development boom in London. He also looks at the affect that "placemaking" schemes, in which builders and planners create community based assets, will have on property prices. Mr Spittles recommends Richmond Hill and the South Bank as being among the areas that will most benefit from this development.
Evening Standard, Homes & Property (09/09/2015)
11th September 2015
Plans for a commuter shuttle across the Thames linking Greenwich Peninsula with Canary Wharf have been drawn up by developers. They emerged after proposals for an £8.4bn revival of the “island” were given the go-ahead by Greenwich council earlier this week.
Evening Standard (10/09/2015)
11th September 2015
According to a new CBI poll, some 57% of London-based businesses said that the high cost and shortage of housing was affecting their ability to recruit staff for lower-paid jobs. Almost a third reported employees leaving their jobs because of the high costs of accommodation. The report, compiled with CBRE, also revealed that two-thirds of the company bosses said that building more affordable housing was "vital" for the continued growth of London's economy.
The Daily Telegraph (09/09/2015)
11th September 2015
A new report claims that property prices across London’s prime markets have climbed 1..7% since August last year, a rate representing the slowest pace of change since 2009. The firm’s prime central London sales index suggests that a usual summer slowdown in the market has been magnified by changes to stamp duty and economic uncertainty in China. Across the capital’s most expensive neighbourhoods, prices in Notting Hill have fallen by 4.6% over the past 12 months, while Knightsbridge sees values down by 2.4%.. In contrast, City of London prices climbed 7.1% and values jumped 6.5% in Islington.
The Guardian (07/09/2015)
11th September 2015
London rents are the least affordable in Europe with the average Londoner having to spend almost 80% of their monthly salary to rent a one-bedroom flat in the city centre, according to new research from JLL Residential Research. Labour’s Tessa Jowell commented, who has lost out to Sadiq Khan in the contest to become the party’s candidate in the 2016 mayoral election, said: "Londoners need real action to tackle a housing crisis that has made our city the most unaffordable place to live in Europe".
Evening Standard (10/09/2015)
4th September 2015
The number of homes being sold in England and Wales has fallen significantly, according to figures from the Land Registry. In May this year, there were 65,619 transactions in total, a 15% fall on the same month in 2014. However, prices in some property hotspots are still rising by up to 13% a year, due to lack of supply, with prices in London, South East and East England rising at close to double the rate of the country as a whole. Prices in the east were up 8.9% on the year, followed by London at 8.3% and the South East at 8.2% but elsewhere price increases remain muted.