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5th February 2016
The Evening Standard looks at six east London property hotspots where homes sit well within the budgets of first-time buyers, particularly those taking advantage of the government’s Help to Buy scheme for houses valued up to £600,000. The equity loan available was recently doubled from 20% to 40% of the property’s value, cutting the salary needed to afford an average £465,000 two-bed property from £56,000 to £36,000. Close to Canary Wharf are areas such as Stepney, where flats in a Victorian school conversion start from £449,950, and East City Point at Poplar, where a new home can be had for as little as £315,000.
Evening Standard, Homes and Property (05/02/2016)
5th February 2016
A London Underground map has been published which charts house prices across each of the capital’s 280 tube stops. The map shows that the eight minute commute between Finchley Road and Wembley Park sees values fall £1m, with the former’s average property value £1.4m compared to the latter’s £404,000. On the Northern Line, averages of £1.4m in Hampstead in Zone 2 and £962,000 in Zone 3’s Golders Green are shown to be a single stop apart. The average price of a Canary Wharf property is £500,000, while at Canning Town the average is significantly lower at £324,000, despite being just two stops away on the Jubilee Line.
Metro (03/02/2016)
5th February 2016
New research reveals that the average cost of a home in more than half of London postcodes now exceeds £500,000. Land Registry figures show that of 279 postcode districts in Greater London, 142 (51%) had an average price of at least half a million pounds.
The Guardian (04/02/2016)
5th February 2016
House price growth in the UK increased to 9.7% in the year to January, up from 9.5% a month earlier, according to the Halifax, while the average cost of a house or flat in the UK has now risen to £212,430. Martin Ellis, Halifax's housing economist, said: "The imbalance between supply and demand continues to exert significant upward pressure on house prices".
The Times (04/02/2016)
29th January 2016
Galliard Homes has a new tranche of six properties at its Baltimore Tower scheme in Canary Wharf, a 45-storey, 151m tower in Canary Wharf designed by Skidmore Owings & Merril. Prices start at £600,000 for a studio apartment, rising to £775,000 for a one-bedroom property, all the way up to £3.5m for a four-bedroom duplex penthouse. Residents will benefit from amenities such as a health club, swimming pool, gym, private cinema, and boxing arena.
City AM (27/01/2016)
29th January 2016
London & Quadrant is preparing to release the first private sales at its Quebec Quarter project. Close to Canada Water and Surrey Quays stations, the development consists of 151 one, two and three-bedroom apartments, and 69 one and two-bedroom Shared Ownership homes, spread across seven blocks. The first three-bed properties will be available to view from Saturday, January 30th, costing from £770,000 to £845,000. Further phases are scheduled to launch throughout the year, with the scheme scheduled for completion in early 2017.
The Wharf (25/01/2016)