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7th October 2016
HMRC data reveals the amount of stamp duty collected on house sales in London rose by 11% in 2015-16 to reach £3.4bn. The increase - following the introduction of new rates at the end of 2014 - represents a £340m rise in stamp duty receipts in the capital. The number of transactions in London was up by just under 4% over the year, at 159,000.
The Guardian (30/09/2016)
7th October 2016
Growth in UK house prices slowed in September, according to the latest Nationwide index. Average prices increased by 0.3% to £206,015, following a 0.6% rise in August. It brought the annual pace of growth down to 5.3% in September from 5.6% a month earlier. In London, the annual rate of growth fell from 9.9% in the second quarter to 7.1% in the third.
The Daily Telegraph (30/09/2016)
7th October 2016
An online listing for a ‘luxury’ room in London’s Canada Water district has attracted scorn from potential renters appalled by its small size and description as ‘big and bright’, despite picture evidence seemingly to the contrary. The poster is seeking £140-a-week for the room which contains a mattress touching three walls and a wardrobe.
The Daily Telegraph (03/10/2016)
30th September 2016
A collection of “Überhauses” has been launched at Greenwich Millennium Village, a joint venture between Countryside and Taylor Wimpey on the Greenwich Peninsula. Located in the Millennium Terrace phase of the development, the seven homes aim to “redefine stylish living”, with fully-equipped open-plan kitchens flowing into living and dining rooms, and balconies or terraces that offer views of the capital. Master bedrooms come with luxury en suite crystal white bathrooms, with chrome accessories and oak detail. The nearby Greenwich North tube station means that Canary Wharf is just a two-minute ride away, with central London accessible within a quarter of an hour. One and two-bedroom apartments are available from £399,995, while spacious three-bedroom properties start at £799,995.
The Wharf (26/09/2016)
30th September 2016
Architect firm dRMM has submitted plans to convert the East Ham Town Hall Annex into apartments, as part of a 185-home private-rental development.. The annex building on Barking Road, close to Upton Park station and an easy jaunt to Canary Wharf via the Underground and DLR, will provide a total of 37 new homes, along with a ground floor café area and communal courtyard garden. Two new seven-storey tower blocks behind the annex will provide a further 148 new homes. The plans were drawn up at the behest of Newham Council’s Red Door Ventures special purpose vehicle.
Architect’s Journal (28/09/2016)
30th September 2016
Increases in stamp duty have hit property sales and could threaten mayor Sadiq Khan’s ambitions for 50,000 new homes a year in the capital, writes Jonathan Prynn in the Standard. Land Registry data shows a 40% year-on-year dip in the number of homes sold in London in Q2 2016, with this reaching 55% in central London. Mr Prynn says the decline, coupled with Brexit-related uncertainty, has “started to undermine” an encouraging increase in the number of new homes being built.
Evening Standard (23/09/2016)