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16th October 2015
An east London property boom has seen prices rise by almost 15% in some areas in the first six months of the year. Land Registry data reveals that property prices increased 3.4% in Canary Wharf and the Docklands, 2.6% in Greenwich, and a massive 14.4% in Blackheath.
City AM (12/10/2015)
16th October 2015
Around London’s Tech City in the Hoxton and Shoreditch areas, six major new-build developments have been finished or are under construction, and more than 2,300 apartments are due to be completed by 2018. Concerns are being raised over whether the housing is too expensive, as the market for high-end properties in London is faltering. However, estate agents report nearly 100% sales for developments. At the same time, what made the area a success story – tech start-ups – are being priced out of the area due to the cost of property.
Financial Times (10/10/2015)
16th October 2015
Data from the ONS shows that house price growth stagnated in August, with prices up 5.2% in the year to year to August, matching the percentage growth seen in the year to the end of July. House prices for first-time buyers were up 3.8% on a year ago, with the average price paid for a starter home in the UK now £215,000. Annual house price inflation was 5.6% in England; London prices climbed 4.2%, the lowest figure since March 2012.
The Times (14/10/2015)
9th October 2015
Shanghai-based Greenland Group has submitted plans for a 67-storey tower at West India Quay, designed by architects HOK. Should it be approved, it will be the tallest residential building in western Europe, standing at 241m in height – 21 m higher than the neighbouring South Quay Plaza project being built for Berkeley Group by Laing O’Rourke. Hertsmere House will contain a total of 869 one, two and three bedroom units, along with new community spaces and a play area for children. A number of the properties will be classed as affordable. Setareh Neshati, Senior Planning Manager at Greenland, said the “graceful” new tower will complement the Canary Wharf skyline, while also improving the landscaping and public realm at ground level.
Property Week (08/10/2015) Construction News (08/10/2015)
9th OCtober 2015
Developer EcoWorld Ballymore says it looked to the history of the East End for inspiration when designing Wardian London. Its latest project, located in South Dock and just a stone’s throw away from Canary Wharf, takes its name from the Wardian Cases created in east London and used by the British Empire to transport both rare plants and tea plants. The two residential towers will feature 624 properties overlooking the Thames, boasting a rooftop observatory bar and gin garden, a swimming pool set in a tropical environment, and atriums filled with flowers from across the world. Prices for a suite start at £395,000. The first residents will be able to move in during 2019.
The Wharf (05/10/2015)
9th October 2015
Some 30,000 starter homes could be sold to Londoners at discounts of up to £112,500 under the new housing plans promised by David Cameron, according to No 10 sources. A similar number would be built in the South-East region, with discounts of up to £62,500. However, housing charities and Labour say only people earning above £75,000 will be able to afford to take part.
Evening Standard (07/10/2015)