New Builds: On the market this week, from the Manhattan-inspired towers in Canary Wharf to hipster pads in Hackney December 8, 2016 Manhattan Plaza, Tower Hamlets From £550,000 Enjoy views of Canary Wharf’s rapidly rising skyline from the tower of a new development that’s less than a ten minute walk from all the shopping and nightlife it has to offer. The Canary Wharf and City View Collection, the third phase to go on sale at Manhattan Plaza, [...]
Rental supply increased by seven per cent in November December 8, 2016 Rental supply increased by 6.8 per cent in November, the second month of growth in a row. The figures from Property Partner show that the supply in London fell, however, down by 1.2 per cent month-on-month. In October, rental listings in London fell by three per cent. Read more: Upset landlords say they'll up rents [...]
London’s housing market stagnated in November as the rest of the country recovered December 8, 2016 London house prices have been stagnating as prices across the UK have started to recover, chartered surveyors have said. According to a survey by the Royal Institution of Chartered Surveyors (Rics), the number of prospective buyers in the UK housing market increased in November, leading to a rise in sales. Read more: London Assembly demands Grayling [...]
Government pledges extra £32m for estate regeneration December 8, 2016 The government has pledged to spend an additional £32m on regenerating the country's dilapidated housing estates. The scheme, launched by the department for communities and local government, will involve councils, developers and housing associations bidding for a share of the cash. Read more: This is how far house prices have fallen in Chelsea this year Most [...]
Investment in Legal & General’s build to rent fund hits £1bn December 7, 2016 Legal & General's build to rent (BTR) fund has attracted £170m in investment, bringing its total value to £1bn. Major institutions have now invested in the open-ended fund, according to Legal & General Investment Management Real Assets (LGIM Real Assets). The investors were not disclosed. Read more: Revealed: the luxury London properties with price cuts of [...]
Peabody and Family Mosaic housing associations are merging December 7, 2016 Peabody and Family Mosaic housing associations are merging to create a new organisation with assets worth £6bn. The merged housing association, which will be named Peabody, will be responsible for 55,220 homes across London and the South East. Read more: Revealed: the luxury London properties with price cuts of over 30 per cent The new [...]
The London luxury properties that have had their prices slashed by over 30 per cent December 7, 2016 London's high-end homes are in crisis. House prices in prime central London have been falling since 2014, when former chancellor George Osborne slapped higher rates of stamp duty on homes worth over £1m. This year, he introduced a further three per cent hike for people buying second homes. Read more: This is how far house prices have fallen [...]
UK house price growth slows as affordability concerns start to mount December 7, 2016 UK house price growth slowed in November to 0.2 per cent, as consumers start to feel the squeeze of prices rising faster than wages. Prices had increased by 1.5 per cent in October, which helped drive the annual rate of growth to six per cent, up from 5.2 per cent in the year recorded last [...]
Remortgaging valuations surge and drive rest of mortgage market as homeowners try to lock in low interest rate deals December 7, 2016 Homeowners scrambling to lock into mortgage deals before a rise in interest rates drove remortgaging valuations to surge almost 25 per cent year-on-year in November. Remortgaging outperformed all other mortgage market valuation activity last month, according to research from Connells Survey & Valuation, rising 4.9 per cent compared to October. Read more: Time to remortgage? [...]
Wanted: A bold government housing strategy that delivers for the young rather than the old December 6, 2016 If Brexit wasn’t dominating British politics, then one other issue would be: the lack of housing. If you know someone under 30, living in London and able to afford their first home, then your friend belongs to the country’s richest percentile. For most people, even for those on what used to be a decent median income, owning [...]