Docklands News

First-time buyers reap benefits of stamp duty rise

3rd March 2017

More first-time buyers have got on to the property ladder since the introduced of a 3% stamp duty hike for buy-to-let landlords and second home owners. Since then, between April and December, first-time buyer numbers rose by 7.8% to 268,100, compared to the year before, while the number of landlords buying homes fell more than a fifth to 165,500.

Daily Mail (28/02/2017)

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London property jumps £105 in value by the day…

3rd March 2017

The average London home has been going up in value by £105 a day for five years. New research shows that property values have easily outpaced growth in London salaries, which since 2011 have risen by just 54p a day — pushing the gap between average incomes and property prices to its widest ever point. The two boroughs where property prices have grown fastest are Westminster and Kensington & Chelsea — by more than £200 per day.

Evening Standard (01/03/2017)

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Spotlight on Wapping

24th February 2017

 

Barratt London has unveiled more of its plans for Upton Gardens in Newham, its residential development on the site of the Boleyn Ground, formerly home to West Ham United. Eighteen buildings will house a total of 842 one-, two-, three- and four-bedroom homes, arranged around three gated communal gardens along the Legacy Route, designed to celebrate the history of the stadium that once stood there. Prices at Upton Gardens, just 17 minutes from Canary Wharf, and close to the Queen Elizabeth Park and Westfield shopping centre at Stratford, start at £350,000 for a one-bedroom apartment.

The Wharf (23/02/2017)

 

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Barratt Hammers it home at Upton Gardens

24th February 2017

Barratt London has unveiled more of its plans for Upton Gardens in Newham, its residential development on the site of the Boleyn Ground, formerly home to West Ham United. Eighteen buildings will house a total of 842 one-, two-, three- and four-bedroom homes, arranged around three gated communal gardens along the Legacy Route, designed to celebrate the history of the stadium that once stood there. Prices at Upton Gardens, just 17 minutes from Canary Wharf, and close to the Queen Elizabeth Park and Westfield shopping centre at Stratford, start at £350,000 for a one-bedroom apartment.

The Wharf (23/02/2017)

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Biggest drop in London prices since 2011

24th February 2017

The average asking price of a home in London has fallen by 0.4% in the last 12 months, to £624.953 – their biggest drop since April 2011.On a monthly basis however, they rose 2.6%. Inner London boroughs saw prices fall an average of 2.1%, with Kensington and Chelsea seeing the biggest drop, of 14.6% to £2.1m.

Evening Standard (22/02/2017)

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Generation Rent expects to be stuck

24th February 2017

A survey of 2,000 people by property and construction consultants McBains Cooper found one in four respondents said they spend around 40% of their income on rent. Within London, the number was slightly higher at 31% spending more than 40%. One-in-three renters said they expect to continue renting for the next five to ten years. In the 45-59 year old bracket, the figure was 52%, and 76% for 60+ year olds.

City AM (20/02/2017)

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