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27th November 2015
Wapping will soon be playing host to thousands of new homes, with the old News International printworks and a number of listed vaults and warehouses all part of a regeneration project that will bring new life to the area between Tower Bridge and Shadwell Basin. London Dock, a landscaped neighbourhood on the site where Rupert Murdoch’s portfolio of papers were once published, will have 1,800 homes, along with a new arts and shopping quarter, with a grid of open spaces and gardens linking it all together. The principal public space, Gauging Square, will have a water feature similar to the Miroir d’eau in Bordeaux.
Evening Standard (25/11/2015)
27th November 2015
House prices are rising at sustainable levels across all parts of the country, except in London, according to the chief executive of Nationwide Building Society. Graham Beale said: "Nationally, house prices have been rising by 3%-4% for a number of months, and that is sustainable with wages going up by around 3%. But in London we continue to see low double-digit rises”.
The Guardian (21/11/2015)
27th November 2015
Accountancy firm EY has co-authored a study comparing the costs of a $1m and $10m property purchase in 15 global cities. They found the property costs of a $1m London home were 7.8%, compared with 15.3% in Paris, the most expensive. For a $10m home, London's 20.7% tax total reflected the higher costs of its new stamp duty regime.
Financial Times (21/11/2015)
20th November 2015
London Mayor Boris Johnson has given the green light to an £8.4bn, 12,700-home development on the Greenwich peninsula. Developer Knight Dragon is to build a number of high-rise towers, with smaller buildings to host shops, schools, and other community facilities, all surrounding a narrow “Central Park” area, designed by architects Allies & Morrison. A specially laid-on ferry has also been mooted, to carry commuters back and forth from the Canary Wharf financial district.
Already, work has begun on the first 2,822 homes, although the entire scheme could take 15 to 20 years to complete.
Financial Times (20/11/2015)
20th November 2015
A new development in Mudchute on the Isle of Dogs is set to launch later this month, aimed at buyers on a budget. The Milport scheme will see one- and two- bedroom flats available on a shared ownership basis, starting from £143,000. A recent survey found that asking prices in the borough are now averaging £617,705. The apartments, directly opposite Mudchute DLR station, are only available to those living and working in Tower Hamlets, making them the perfect entry-level buy for workers in Canary Wharf, being just a 10-minute hop away on public transport.
The Wharf (14/11/2015)
20th November 2015
Stratford is to be reclassified from travel Zone 3 to Zone 2 in January, as part of the continuing bid to spur economic growth in the area, already revitalised since the 2012 Olympic Games. The move will have a massive bearing on property prices in the area; research from CBRE has shown that the average price jumps from £488,000 in Zone 3 to £723,000 in Zone 2. New homes are being added to the area in and around the Olympic Park all the time, such as Chobham Manor, Stratford Riverside, and the Manhattan Loft Gardens.
Evening Standard (16/11/2015)