A short walk away from Canary Wharf, the £1bn Millharbour Quarter development will one day be home to 4,000 Londoners, living in a new cluster of skyscrapers beside Marsh Wall and Millwall Inner Dock. Able Quay, part of the Harbour Central scheme, has been described by housebuilder Ballymore as a Hong Kong-style “vertical village”, featuring its own shops, offices, leisure facilities, schools and about 1,500 new homes in a series of towers of up to 41 storeys. Prices start from £138,000 for a 30% share of a one-bedroom apartment with a full market value of £460,000.
Evening Standard (13/12/2018)
Rockwell Property has announced that Premier Inn is taking a 30-year lease on a new 400-bedroom hotel next to Westferry DLR station, part of a mixed-use scheme that includes 66 private and affordable apartments, community space, and retail units, all set in a landscaped public realm. Construction is due to commence in summer 2019; when complete, the Simpson Haugh & Partners-designed hotel will be the tallest Premier Inn in the UK.
Property Week (10/12/2018)
UK house prices grew just 0.3% in the three months to the end of November, compared to the same period last year - their weakest rate in almost six years, according to Halifax figures. House price growth also fell by 1.4% in November compared to October, Halifax’s data showed, and by 1.1% compared to the previous quarter. “High employment, wage growth and historically low mortgage rates continue to make home ownership more affordable for many, though the need to raise a significant deposit still acts as something of a restraint on the market,” said Russell Galley, managing director of Halifax.
City AM (07/12/2018)
The Royal Institution of Chartered Surveyors has said that Brexit worries are causing homebuyers and sellers to sit tight – with properties typically taking four months to sell. The organisation revealed that the number of properties listed at each branch fell to an average of 42 last month.
The Times (12/12/2018)
More than 150 homes around the world changed hands for more than £20m each in the past year. The highest number of ultra-prime sales were in Hong Kong, where 47 homes priced at £20m or above changed hands, followed by New York with 39. London - which topped the rankings in 2015, slipped to third place with 38 transactions.
The Guardian (10/12/2018)
Telford Homes has launched a pair of apartments to showcase The Liberty Building on the Isle of Dogs. Close to Crossharbour DLR for connections to the City, the tower is within easy walking distance of Canary Wharf; facilities at the development include a 24-hour concierge, and an on-site gym. One of the ninth-floor homes on display is a 1,200 sq ft, two-bedroom apartment furnished by Rachel Winham Interior Design. The kitchen has gloss lacquered cabinets by Urban Myth and integrated Siemens appliances, while the master bedroom boasts a dedicated dressing area and en suite bathroom. The other, a 970 sq ft three-bed, includes an open-plan living area with a solid oak dining table and an L-shaped sofa beside sliding doors that lead out onto a balcony. Prices at The Liberty start at £815,000 for a three-bed home, although higher priced two-beds are available.
In Your Area (06/12/2018)