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28th November 2014
Knight Frank says that “super prime” sales of London homes worth over £10m were up by a third between January and October to around 150, almost double the number of transactions in 2012. Sellers have reportedly been lowering their asking prices by up to 10%, triggering the flurry of activity.
Financial Times (26/11/14)
28th November 2014
In a letter to the Standard, Sir Martin Jacomb, the former non-executive chairman of Canary Wharf Group, takes issue with writer and former National Trust chairman Simon Jenkins' claims that Canary Wharf Group has destroyed London Docklands' historic atmosphere. He comments that regeneration of Docklands has led to the growth of the capital's high-quality office, retail and leisure space and allowed London's historic buildings and surrounding countryside to remain preserved. He adds that, of the 105,000 people working there, thousands live locally.
Evening Standard (25/11/14)
28th November 2014
Mortgage lender Halifax says that average house prices in east London, around the fictional Albert Square featured in EastEnders, have grown 437% over the past 20 years, as against 344% across the rest of the capital. However, average prices in the area remain over £60,000 below the regional average.
Daily Express (24/11/14)
21st November 2014
Newham Council is expected to approve an 800-apartment development next to a sewage treatment works to the east of the Royal Docks. Planning officers have already recommended that the local authority’s strategic development committee greenlights the Gallions Quarter project, despite concerns over its proximity to the sewage works and the Docklands Light Railway. Notting Hill Housing Trust says the first phase of the 3.4 hectare development will consist of three buildings between five and 12 storeys high, with more to come at a later date. Around 40% of the scheme has been earmarked for affordable housing. It is anticipated that the project will take around seven years to complete.
The Wharf (14/11/14)
21st November 2014
Tameric Investments has unveiled plans for a 490-home development at Glengall Quay on the Isle of Dogs. The focal point will be a 45-storey tower in the centre of the development, with two 15-storey buildings close by, looking onto Millharbour. A community space will include meeting, educational, and healthcare facilities, serving the nearby one and two-bed apartments, a number of which will be set aside as affordable housing. A formal application to Tower Hamlets Borough Council will be submitted next month.
The Wharf (19/11/14)
21st November 2014
The Council of Mortgage Lenders says that mortgage lending rose 8% year-on-year in October to £19bn, the highest level recorded in the month since 2007 and up 5% on September’s £18bn total. July registered the only stronger performance, at £19.8bn.
The Daily Telegraph (21/11/14)