Docklands News

Marathon route homes hit £700k

21st April 2017

Ahead of the London Marathon, the Standard looks at property along the route, noting that prices have more than tripled in value since 2000 to an average of £700,000. However, the figure is skewed by values east of Tower Hill, as the 26-mile course draws to its conclusion on the Mall, where properties in St James’s cost in the region of £1.6m; the ongoing regeneration of the Docklands area has brought with it a number of more affordable sites that are sure to rise in value in the next few years. Canary Wharf remains the jewel in the crown of the region, with One Park Drive the latest in a new wave of luxury skyscrapers on the horizon. Prices at the 58-storey tower, designed by Tate Modern architects Herzon & de Meuron, start at £575,000 for a studio and £1.08m for a two-bedroom apartment. Neighbouring Limehouse (£528,694), Greenwich (£544,899) and Deptford (£418,949) also offer great value, while at Woolwich – soon to enjoy rapid connections to Canary Wharf via the Elizabeth Line – properties can be found for £328,866.

Evening Standard (19/04/2017)

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Snap election could hit house sales

21st April 2017

Uncertainty in the UK property market could now be extended as potential home buyers await the outcome of the snap general election. Yorkshire Building Society economist Andrew McPhillips said: “The housing market is going through a sluggish period at present and a general election adds to the chances of it lasting longer". Jeremy Leaf, former residential chairman of Rics, added: “Inevitably, a lot of decision-making will be put on hold, particularly as the polls fluctuate, and that includes the decision to buy and sell property”.

Daily Mail (19/04/2017)   City AM (19/04/2017)

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Capital continues to buck national house price growth

21st  April 2017

New data shows house price growth has continued to slow in London, though eight in 10 regions in England and Wales recorded new peak average prices last month. House price growth in Kensington and Chelsea fell at the sharpest rate at 2.6%, while the average house price nationwide rose 0.5%, and 3.3% year-on-year, to £301,278 in March. The region with the highest rate of annual house price growth at 4.8% was the West Midlands.

City AM

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London and Paris: The sales of two cities

21st April 2017

The Times’ Francesca Steele considers the fortunes of London and Paris’ property markets. She notes that in 2014, Parisian house prices dipped by around 5% while those in London rose 15%, according to LonRes data. However, 2016 saw a turnaround, with London seeing price growth at its lowest in six years while Paris saw prices reach their highest level in six years – and the number of sales was up 14% on the year before.

The Times (20/04/2017)

 

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Shared ownership apartments available at The Gramercy

13th April 2017

Family Mosaic has released a number of shared ownership apartments at The Gramercy, a new development on the Greenwich Peninsula just a four-minute walk from the Cutty Sark, and 12 minutes from Canary Wharf on the DLR. Each home includes features such as wood-effect kitchen units, fully integrated appliances, white bathroom suites with heated towel rails, washing machines, and private balconies or terraces. Prices start at £122,100 for a 30% share of a property. Alternatively, there are still a number of private-sale homes available, including two-bedroom apartments from £635,000, and a four-bedroom townhouse with garden and terrace for £1.45m.

The Wharf (11/04/2017)

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Modular housing comes to Silvertown

13th April 2017

The Silvertown Partnership, a £3.5bn joint venture between developer First Base and engineering concern Aecom, is planning to build 3,000 homes in east London, with a new modular factory. Permission is being sought for a construction facility at Silvertown, with the capacity to deliver 500 homes annually, with the first expected to be provided next year. Of the 3,000 homes being provided from the factory, 35% will be designated affordable. Aecom will be responsible for designing and assembling the homes on site.

Inside Housing (10/04/2017)

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