020 7538 0102
1st September 2017
The Standard identifies Shadwell as one of the few places left in London to have escaped gentrification, despite being in a prime location – making it a great candidate for brave buyers looking for a relative bargain. Although it shares an E1 postcode with Shoreditch and Spitalfields, and sits next to Wapping, the average price per square foot is £500-£550, which compares extremely favourably to the £1,000 per square foot commonly found in its neighbour to the south west. Although its post-war apartments lack the cachet of Wapping’s converted warehouses, it represents great value in lying just one DLR stop away from Bank and three from Canary Wharf - and is thought likely to attract the same prices as surrounding districts within five years.
Evening Standard (30/08/2017)
1st September 2017
New research shows that Londoners looking to make the step up from a two-bedroom flat to a three-bedroom house face paying an extra £320,000. A typical London flat with two bedrooms costs just over £500,000, while a typical three-bedroom house costs almost £820,000. In Westminster the gap is £1.85m, with the typical two-bed flat costing £1.15m while a three-bedroom house is £3m. In Newham, the average two-bed apartment costs £360,000, with a three-bed house costing 25% more, at £450,000.
Evening Standard (30/08/2017)
1st September 2017
London Mayor Sadiq Khan has been accused of making fake claims about the purchase of a plot of land for affordable homes. City Hall had said the decision to snap up an industrial estate in Waltham Forest on which to develop new housing was “one of his first actions as Mayor” but it has been revealed that his predecessor Boris Johnson signed the £12m order. A spokesperson for Mr Khan insisted: “The previous Mayor had prepared a business case to acquire the site, but under him discussions had stalled and the deadline for buying the site was missed”.
Evening Standard (25/08/2017)
1st September 2017
House price growth slowed to 2.1% year-on-year in August, from 2.9% in July, amid fears Brexit-fuelled inflation is placing pressure on household spending, data from Nationwide reveals. Property values fell for the first time since May, down 0.1% month-on-month to an average of £210,495, compared to growth of 0.2% in July when the typical price hit £211,671. The number of mortgages approved for house purchases fell to a nine-month low of £65,000 in June. However, property prices are still predicted to rise by 2% in 2017.
The Daily Telegraph (29/08/2017)
1st September 2017
Two leading economists have warned that climbing house prices could see the average value hit 15 times the average income. Imperial College professor David Miles, a former member of the Bank of England's Monetary Policy Committee, and colleague James Sefton have published a report saying the cost of housing relative to wages will rise by about 40% over the next 50 years, adding: “over the 50 years after that, housing costs double relative to wages.” The report, published by the Centre for Economic Policy Research, suggests that renting may become far more prevalent, with more people owning small stakes in homes through pension funds.
The Mail on Sunday (27/08/2017)
25th August 2017
Housing provider Peabody is offering to pay stamp duty for those purchasing homes at its award-winning Merchants Walk development situated within the Olympic regeneration development at Bow. Lisa Crush, head of sales at Peabody, said: “Peabody is extremely pleased to offer this initiative to prospective purchasers at Merchants Walk. By eliminating stamp duty for first time buyers, we are offering potential homeowners the chance to buy in a well-connected Zone two location without the added stress of coming up with these costs that could make or break a purchase.”