020 7538 0102
10th April 2015
Mountain Capital and developer Bouygues are set to launch the latest phase of the £600m Hallsville Quarter project in Canning Town. The 49 homes include 15 one-bedroom apartments, 25 two-bedroom flats, and a selection of three-bedroom apartments and townhouses, all based on a raised podium surrounding a private communal garden. The development is close to Canning Town Overground and Underground stations, and will also be served from 2019 by a new Crossrail station at Custom House; on completion, it will include a total of 1,100 homes, a new high street, a cinema and a hotel, with a host of bars and restaurants. Prices start at £337,500 for a one-bedroom flat, rising to £725,000 for a three-bedroom townhouse.
The Wharf (05/04/15)
10th April 2015
The Daily Telegraph looks at how the election is causing a slowdown in the number of wealthy individuals buying homes, with fears that a new government could see prices fall and taxes climb. Experts said data which shows a decline in mortgages for wealthier people with large deposits in the final quarter of 2014 might be balanced out later as over-55’s cashing in pensions potentially bring a new wave of property investment. Labour’s proposed mansion tax is said to be causing a few “cold feet” in the upper end of the market.
The Daily Telegraph (09/04/15)
10th April 2015
The number of young people saving toward deposits has fallen, with many in their 20s and 30s resigning themselves to not getting onto the property ladder. Halifax's Generation Rent report shows that only 43% of renters are currently saving toward a property purchase, while 57% are planning to rent long-term. London has the lowest rate of young homeowners, with only 39% of 25-45 year-olds in property they own, with 82% of the capital’s renters expressing a fear that they will never own a property. Halifax data shows that those planning to buy are willing to wait an average of 5.35 years to get on the property ladder, where recent homebuyers spent an average of 3.6 years saving.
The Independent (07/04/15
10th April 2015
Labour spokesman Gareth Thomas has said the next mayor of London should introduce a 50% minimum target for affordable homes in housing projects. He said the target should be incremental during the mayor’s term, climbing year on year from 15% to 25%, 35%, 40% and then 50% going into a second term.
Evening Standard (07/04/15)
2nd April 2015
The Homes and Communities Agency has announced that it will lend the Canary Wharf Group £200m in order to get the Wood Wharf development up and running. Planning permission for the 4.9m sq ft residential scheme has already been granted; the first phase of the project is scheduled to be finished by 2018. Over 3,600 new homes will be created, with a 57-storey residential tower designed by Herzog & de Meuron to be surrounded by offices, parkland and retail units. Sir George Iacobescu CBE, Canary Wharf Group’s chairman and chief executive, said the loan “is just the type of targeted and practical assistance that our sector needs to help deal with the housing shortage in London”.
The Wharf (30/03/15)
2nd April 2015
The National Housing Federationsays that rising house prices have forced younger generations to turn to grandparents, as well as parents, for help to take their first step on the property ladder. A YouGov survey by the industry body found one in seven homeowners over 55 were saving to help their children or grandchildren with their housing costs, but that one in five admitted they had not considered how they would pay for care costs later in life.
Daily Mail (01/04/15)