020 7538 0102
25th September 2015
25th September 2015
Thousands of micro-homes should be built as part of a plan to tackle London’s housing crisis, architect John McAslan has claimed, and that radical changes are needed to prevent London's housing shortage from undermining its ability to remain a leading global city. In micro-housing schemes, residents would live in spaces as small as 250 sq ft and Mr McAslan added that the idea would double the number of younger Londoners able to buy property. Currently, on average, people in rented housing in London spend half their income on rent, rising to 60% in some parts of the city.
Evening Standard, (22/09/2015))
25th September 2015
The private sale of properties at Merchants Walk – a development near Devons Road DLR, and within walking distance of Canary Wharf – has begun, with studio apartments available from £305,000, with one, two and three bed flats also available, although 50% have already been reserved. The second phase of the development is due to get going at the end of 2016.
The Wharf (24/09/2015)
25th September 2015
Data from Hometrack shows that Londoners face paying 12 times their earnings to afford the average property in the capital, with the gap between London and other major UK cities at its widest in 20 years. Monthly figures show that London property is around 75% more expensive than that in Liverpool and Glasgow. Across the UK's 20 biggest cities, Hometrack said prices have increased by 8.3% since September 2014.
The Guardian (25/09/2015
25th September 2015
Latest Rightmove forecasts claim that the average London home will cost £1m by 2020. Prices in the capital hit an all-time high in September, jumping 2.2% or £13,177 to reach £620,003, according to Rightmove's latest House Price Index.. Annual growth in London was 9.5%.
Evening Standard (21/09/2015))
25th September 2015
There is an abundancy of two, three and four-bedroom new-build homes in central London as planners push developers to build family homes despite a lack of demand. JLL says that many families did not want to live in new homes in the heart of the capital and that planners should be allowing developers to build more studio or one-bedroom flats, which would be snapped up by young professionals.
The Times (23/09/2015)
25th September 2015
A home in Mayfair’s Brick Street has set a new rental record for London, with a monthly rent the equivalent of over £216,000. A report authored by property data analysts LonRes claims the rate exceeds the record set by luxury apartment block One Hyde Park in Knightsbridge last year.
Evening Standard (23/09/2015)