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20th February 2015
A number of new homes have along East London’s extensive canal network have come to market, offering waterside views at prices starting from just £250,000. A new scheme of 90 homes at Royal Quay overlooking Limehouse Cut features apartments set behind original warehouse facades, with exposed brickwork and high ceilings, set in a quiet, car-free environment with excellent transport links to both Canary Wharf and Central London.
Evening Standard, Homes & Property (20/02/15)
20th February 2015
The Halifax has found that a mortgage on a first home is now £742 cheaper than renting a similar property. Five years ago, renters paid around £15 less each month than those buying their own home, but now they pay £62 more. In London, the differential grew to £112 a month, the biggest UK-wide in cash terms.
The Guardian (14/02/15)
20th February 2015
House prices in the UK rose by 9.8% in the year to December, according to the ONS. That was slightly lower than November's rate, which stood at 9.9%, but prices were still growing "strongly", the ONS said. Prices rose fastest in England at 10.2%, and by 5.5% in Scotland, 4.9% in Northern Ireland and 4% in Wales. The national picture was heavily influenced by London where prices went up by 13.3% compared with the previous year.
Financial Times (18/02/15)
20th February 2015
London was the fastest-growing region of Britain last year, according to a report by RBS. Output in the capital rose by 0.7% between October and December and by 3.7% in 2014. Overall, the UK economy recorded its best performance since the financial crisis struck, with the North West and East Midlands the second and third strongest regions with growth of 3.1% and 3% respectively.
Daily Mail (17/02/15)
13th February 2015
The Evening Standard looks at Bow, where new waterside homes can be found for just £100,000, through a scheme from housing association Peabody. Average properties in the area, which has benefited from the regeneration of east London in the wake of the 2012 Olympics, currently cost around £400,000, but benefit from being just a short stride from the Queen Elizabeth Olympic Park, and a 15-minute hop to Canary Wharf via Devons Road DLR station.
Evening Standard Homes and Property (11/02/15)
13th February 2015
Londoners will be allowed to rent out their homes for up to three months a year under new legislation aimed at catering for those who use Airbnb and similar websites, which provide temporary residencies for tourists. Previously, laws restricted homeowners from renting out their property or spare rooms for less than three months, unless they have planning permission. Ministers have decided that the legislation restricts the government’s “sharing economy” drive, and are pushing to scrap it. The changes, put forward by housing minister Brandon Lewis, will be debated in the House of Lords next week.
Evening Standard (09/02/15)