020 7538 0102
10th July 2015
Canary Wharf is changing from a workplace to a living district. An ambitious building programme is being launched, with thousands of new homes, most of which will be ready in 2018 to 2020. The 10 Park Drive development launched this week, the first residential scheme within the estate boundaries. This is the initial phase of a 23-acre, 3,200-home neighbourhood called Wood Wharf. Hundreds queued to register for the chance to purchase one of the 345 properties spread across two towers of 42 storeys and 13 storeys, even though the first phase is not expected to be complete until 2019. Joe Selby, a junior director of property consultants CBRE, is confident that Canary Wharf and east London are attracting buyers who do not want to commute. “The next 30 years will be just as exciting,” he adds.
Evening Standard (08/07/2015) East London Advertiser (09/07/2015)
10th July 2015
Greenwich Council has granted planning permission to developer Essential Living for Creekside Wharf, a two-tower family-focused development with 249 homes just 5 minutes away from Cutty Sark DLR. Greenwich DLR and station are also both within easy reach, offering journey times to Canary Wharf of just ten minutes. A quarter of the homes in the buildings, which will feature family-friendly amenities such as buggy storage, extra acoustic insulation, internal and external play spaces, gave been earmarked as affordable housing.
The Wharf (09/07/2015)
10th July 2015
Prices at the top-end of London's housing market fell 0.9% in the quarter to the end of June for the first time since 2009, according to research published in the Financial Times. Anthony Payne of data provider LonRes, said London's luxury housing market had been "growing far too quickly", and called the slowdown “good news”. The figures also show that the slowdown has affected deal volumes with the number of transactions of London's luxury properties falling by nearly a quarter year-on-year.
Financial Times (04/07/2015)
10th July 2015
The latest figures from Nationwide indicate that first-time buyers in London are now having to find more than nine times the average salary to buy a home.However, separate figures from Nationwide suggest that low interest rates mean the proportion of first-time buyers’ income going on mortgage payments is below previous peaks.
The Mail on Sunday (05/07/2015)
10th July 2015
The Halifax house price index shows that the average UK property now costs £200,280, with prices up by 1.7% in June compared with May in a fourth consecutive monthly rise. According to Halifax economist Martin Ellis, the main factor in maintaining a steady house price growth in 2015 has been a continued shortage of properties up for sale. Howard Archer, economist with IHS Global Insight, has forecast an overall 6% rise in house prices for 2015, but warns that data from Halifax has, overall, been more volatile than other house price measures over the past few months. Nationwide, for example, last week said the pace of increases was at a two-year low.
The Guardian (09/07/2015)
3rd July 2015
Greenland Group is showing off its latest proposals for the 67-store Hertsmere House, at a two-day public exhibition at the London Marriott West India Quay. Detailed plans for Europe’s tallest residential building, along with improvements to public amenities and leisure space at ground level, are on view Friday July 3rd and Saturday July 4th. The developer has planning permission already for a 63-storey commercial tower, although that option is said to have fallen out of favour.
The Wharf (02/07/2015)