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30th January 2015
A Qatari-led bid has won the battle to take over London's Canary Wharf complex from majority owner Songbird, after three of its major shareholders agreed to accept the £2.6bn offer.
Financial Times (28/01/15)
30th January 2015
Dozens of Londoners queued outside overnight to buy flats in the Chobham Manor development, near Stratford’s Olympic Park. Despite sub-zero temperatures, buyers were keen to purchase the one-bedroom flats, which start at £370,000. Two-bedroom houses in the development retail for £695,000.
Evening Standard (23/01/15)
23rd January 2015
United House Developments and Poplar HARCA have partnered up to deliver a £300m redevelopment program in Poplar, creating 750 new homes and 250,000 sq ft of retail space. A consultation with local communities on the Chrisp Street regeneration project will be carried out, ahead of a planning application being submitted later in the year. The housing element will be split between affordable and private sale. United and Poplar HARCA announced a joint venture with Londonewcastle recently to refurbish the nearby Ernö Goldfinger-designed Grade II-listed Balfron Tower.
Construction News (21/01/15)
23rd January 2015
Whitechapel homeowners are predicted to see a 54% rise in the value of their properties over the next five years, thanks to the arrival of Crossrail, according to property company JLL. Price growth is expected to exceed the Greater London average by 19%.
East London Advertiser (21/01/15)
23rd January 2015
Figures released by Shelter have shown that the average, single and in-work Londoner has to save for 29 years to afford a deposit on a new home within the city. The A Home of Their Own report also considers the affordability of property across the nation for childless couples working fulltime and couples with one child, with one working fulltime and another part-time. Outside of London, it was found that couples with a child would be forced to save for over a decade in over 70% of England’s counties. In a third of counties, it would take over 15 years – while in London it would take 25 years. A childless couple, however, could afford a deposit in the capital in 13.5 years.
The Independent (23/01/15)
23rd January 2015
The Council of Mortgage Lenders has said that lending rose to its highest level in six years in 2014, at £205.6bn – up 17% on 2013’s figure. Strong demand for property in the spring and summer and a rising number of new buyers boosted the figure, said the group. The number of first time buyers taking home loans also rose to a six-year high, breaching 300,000.
The Guardian (23/01/15)