Shared ownership apartments at Dollar Bay

20th January 2017

A small batch of shared ownership apartments in the 31-storey Dollar Bay tower at South Quay on the Isle of Dogs will go on sale on Thursday, January 26^th, with prices starting at £136,250 for a quarter of a one-bedroom apartment and £206,250 for the same share in a two-bed. Designed by architects SimpsonHaugh and Partners, Dollar Bay is just 12 minutes’ walk away from Canary Wharf; apartments in the tower feature integrated appliances and private winter gardens. The Times looks at shared ownership, which involves buying a stake of between 25 and 75% of a property and paying rent on the remainder as an option for hard-pressed first-time buyers. Research from Which? shows that the average salary of a shared-ownership buyer in London is £45,000. It found affordability rapidly improves going into zone two, where the bulk of shared-ownership properties were located. Ten per cent of shared-ownership properties were affordable for those earning £27,900, the average person under 29 earns in London.

The Wharf (19/01/2017)   The Times (14/01/2017)