Docklands News

St James has unveiled a new show apartment at Bow Green, E3, nestled in the Golden Triangle between The City, Canary Wharf, and Stratford. The new development features around 1,450 homes located set amidst acres of landscaped gardens. The show home has been designed to inspire, and aims to reflect the East London lifestyle through a standout collaboration with local artist Juanjo Barreda Aznar. Interior designer, Emily Bateson-Roseberry, of Burbeck Interiors, said: “I imagined future residents grabbing a coffee from a neighbourhood favourite, spending Sunday mornings at Columbia Road Flower Market, or potentially searching for their first home – that vision shaped everything". Homes at Bow Green are on sale now, priced from £550,000.

London Daily News (19/06/2025)  

UK House prices fell 2.7% month-on-month in April, according to the Office for National Statistics (ONS). The average property value dropped by over £7,000, from £272,862 in March to £265,497 in April. Year-on-year, prices were up 3.5% in April compared to 7% in March. The ONS said the month-on-month drop came as taxes rose, with the stamp duty holiday for first-time buyers coming to an end on March 31. The average house price in London rose 2.6%, or 3.3% on an annual basis, to £566,814. In Tower Hamlets it was up 2.6% to £495,733, but fell 5.2% in Newham to £415,409.

City AM (18/06/2025)   The Daily Telegraph (18/06/2025)   The Standard (18/06/2025)   The Times (18/06/2025)  

UK families are capitalising on reduced competition and price drops to snap up luxury London homes, as international buyers retreat due to new tax regulations.

Financial Times (14/06/2025)  

The Times' Lara Bowman examines how the growing influence of the "Bank of Mum and Dad" is reshaping financial and social dynamics among Britain's younger generations. As soaring property prices far outpace wages, increasing numbers of young buyers rely on parental support to secure homes, deepening inequalities even among peers with similar incomes. While some openly acknowledge family help, others grapple with guilt, embarrassment, or strained friendships as disparities widen. Recent studies show that inheritance and parental gifts now play a far greater role in wealth accumulation for millennials than for previous generations. With house prices nearing nine times average earnings in England, experts warn that family wealth, rather than professional success, is becoming the key determinant of financial security. 

The Times (14/06/2025)  

The government has announced plans for a new National Housing Bank, aiming to stimulate private investment and support housebuilders. With an initial £16bn of public investment, the bank is expected to unlock over £53bn in private funding over the next decade, facilitating the construction of hundreds of thousands of homes. Chancellor Rachel Reeves stated that the bank will "unlock a wide range of sites," particularly those facing challenges in securing upfront lending. Homes England Chair Pat Ritchie said the initiative responds to demands from the housing sector for increased public and private finance. 

City Am (18/06/2025)   Daily Mail (18/06/2025)  

UK house prices experienced a larger-than-anticipated decline last month, marking the most significant quarterly drop in nearly a year. According to Halifax, the average property price fell by 0.4% in May to £296,648, exceeding the expected 0.1% decrease. This decline follows a 0.3% rise in April, resulting in a quarterly change of -0.3%, the steepest since June last year. In London, house prices have increased by just 1.2% year-on-year; however, the capital remains the most expensive part of the UK housing market, with the average home priced at £542,017. The annual rate of house price growth also slowed to 2.5% in May, from 3.2% in April. Amanda Bryden, head of mortgages at Halifax, noted: "Despite ongoing pressure on household finances, the housing market has shown resilience."

Daily Mail (07/06/2025)   The Guardian (07/06/2025)   The Independent (07/06/2025)   The Times (07/06/2025)