020 7538 0102
6th April 2018
Thirty-eight apartments at the St Clement’s Hospital site in the Mile End Road have been placed on the market. The flats at the Grade II-listed Clocktower have been fitted out by Linden Homes, and are on private sale, with a number of others being offered by the East London Community Land Trust at a third of the market rate, on binding “sell back” contracts which retain the land in perpetuity for future generations.
East London Advertiser (05/04/2018)
6th April 2018
Chinese property developer Country Garden has snapped up its first British site - the Ailsa Wharf project in Poplar, east London, where it has planning consent for a £400m development that includes 785 homes. Work on the 270,000 sq ft site, on land bought from Galliard Homes and Lindhill, is due start by this summer, with the first properties due to be completed in 2021. Country Garden is China's largest residential developer by sales, with a market capitalisation of more than £31bn.
The Times (03/04/2018) Evening Standard (03/04/2018)
6th April 2018
Annual house price growth remained subdued in March, according to the Nationwide building society, which said an increase of 2.1% was down slightly from 2.2% in February. Prices rose the fastest in Northern Ireland, increasing by 7.9% in first three months of the year compared with the same period a year earlier, while prices rose by 6.1% in Wales and 0.2% in Scotland. London remains the most expensive area - a typical home in the south of England costs £331,047 - twice as much as the typical price of £163,138 in the north of England, the Nationwide said.
BBC News (29/03/2018) The Daily Telegraph (29/03/2018)
6th April 2018
Mortgage approvals for both house purchase and re-mortgaging dipped below their recent averages in February, Bank of England figures show. Some 63,910 mortgage approvals were made to home buyers, lower than the monthly average of 65,162 seen over the previous six months. Re-mortgage approvals were also down, with 46,622 loans getting the go-ahead, compared with 49,133 loans on average over the previous six months.
The Daily Telegraph (29/03/2018)
29th March 2018
Research by equipment rental firm Fat Lama has resulted in a map revealing the most "creative" parts of London. East London leads the way for the area with the highest density of residents working in the creative industries. Brixton, Camden, Islington and Soho also scored highly, while the map suggests North Finchley and Kensington are among areas which attract fewer creatives. The firm says comparison with a map of average rental prices shows that hotspots for creatives tend to crossover with areas offering cheaper rents.
Evening Standard (24/03/2018)
29th March 2018
Hometrack data shows that house price growth in London slowed to an annual rate of 1% in February, the lowest since August 2011 and down from 4.3% on a year ago. Two-fifths of London postcodes registered price falls over the past year and the average price of a home in the capital is now £487,900. Nationwide, average house price growth was 5.2% in the year to February, up from 4% in the 12 months to February 2017. Edinburgh saw the fastest growth at 8%, hitting an average of £277,300. A 7.8% increase in Liverpool saw the typical value reach £115,700, while Birmingham’s average climbed 7.7% to £155,600.
The Guardian (26/03/2018