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The latest stage of the London Dock project in Wapping has been unveiled by developer St George – Cashmere Wharf, a 26-storey bevel-edged tower with 141 one-, two- and three-bed apartments. Designed by architects Patel Taylor, the building forms the eastern side of Gauging Square, and the colours of its materials have been chosen to relate to those used in the Tower of London and Tower Bridge. Prices in the tower begin at £835,000 for a one-bedroom home, rising to £2.35m for a three-bedroom apartment.
Evening Standard (27/06/2018)
Annual growth in UK house prices has fallen to its slowest pace in five years, according to Nationwide, which says demand has been subdued amid properties coming to the market as “more of a trickle than a torrent”. Prices rose by 2% in the past year, while the month-on-month rise was 0.5%, taking the average price of a home to £215,444. Nationwide predicted that house prices will rise by 1% over the course of 2018. Robert Gardner, Nationwide's chief economist, said that annual house price growth had been “confined to a fairly narrow range” of about 2% to 3% over the past 12 months, suggesting "little change in the balance between demand and supply in the market over that period".
BBC News (27/06/2018)
HM Revenue & Customs has reported that the number of home sales completed last month declined, compared with May 2017. Some 99,590 residential property transactions were recorded last month on a seasonally adjusted basis, an increase of 0.8% on April but down 0.5% on May 2017. On a non-adjusted basis, transactions were 12.1% higher than April and down 1% annually, at 95,480.
The Sunday Times (24/06/2018)
Of the 17m people renting homes in Britain, over two-thirds now say they have no plans to purchase a property in their lifetimes. Some 20% of those surveyed by Direct Line said that they do not want the financial commitment of owning a property, while another 20% claims that the cost and effort of maintaining a property is off-putting. Just less than 20% said they wanted the freedom to travel and did not wish to be tied to one place. Research by new home builder Strataclaims that a lifetime of renting a home will cost £1m more than buying one.
The Independent (24/06/2018)
The Greater London Assembly is set to put a planning framework for the Isle of Dogs and South Poplar up for public consultation. The plans cover the 23 years to 2041, setting out the Mayor of London’s mission to ensure that local services and infrastructure will be able to cope with the projected population explosion. Tower Hamlets deputy mayor Rachel Blake said: “This is the last chance to influence the GLA’s plans. The Isle of Dogs and South Poplar are experiencing huge development -we must get the balance right between investing in our existing communities and preparing for new ones, sharing the benefits of growth”. The framework will be launched at the Museum of London Docklands on June 26th, with public drop-in events throughout the summer.
East London Advertiser (19/06/2018)
L&Q has a range of one-, two- and three- bedroom apartments for private sale at its New Union Wharf development on the Isle of Dogs, overlooking the Greenwich Peninsula and just a 20-minute walk from Canary Wharf. The homes were designed to maximise natural light, and have open-plan kitchens with integrated appliances, while bathrooms feature light grey porcelain tiled flooring and tiled bath and shower walls. The immediate environs incorporate shared podium courtyards, family-friendly play areas, and landscaped gardens, while Mudchute Park and Farm is less than a mile away, set with 30 acres of countryside. Prices start at £475,000 for a one-bedroom apartment.
The Wharf (15/06/2018)