Battersea power station home buyers to claim refunds due to long delays March 23, 2019 People that purchased flats in the redevelopment of London’s Battersea Power Station will soon be eligible to claim a full refund with works running so far behind schedule. The scheme has been plagued with difficulties and the majority of the 255 apartments listed along the River Thames will not be ready before their “long-stop dates” [...]
Why properties with less than 80 years left on the lease are suddenly popular with Brexit buyers March 22, 2019 In previous times, the demand for residential property with 80 years or less remaining on the leasehold was generally low. However, current market conditions favour a new breed of savvy buyers, seeking alternate methods of approaching the market who wish to benefit from continued Brexit-related uncertainty. Leasehold property is a depreciating asset, so the less [...]
Focus On Bow: Young professionals are changing the landscape of Bow, but upsizing proves costly March 22, 2019 Few areas in London have seen demographic change like east London, but even within the East End, Bow has changed a lot in recent years. “There is a definite shift taking place, highlighted by the arrival of a number of independent coffee shops, wine bars and restaurants over the past 18 months or so,” said [...]
Interiors: We delve into the world of knitted furniture, a crafty homeware solution with women at its core March 22, 2019 If you know your Mayfair art galleries, then Hauser & Wirth and Messum’s will be familiar territory. In the past few years both have established art centres in the English countryside – Hauser & Wirth in Somerset and Messums in Wiltshire – destination idylls to tempt us city folk into bucolic bliss. An exhibition on [...]
Property of the Week: This Shoreditch penthouse has south-facing City views and is next door to some serious barbecue March 22, 2019 The City of London isn’t known for being a residential hotspot, so you’re most likely to find the penthouse of your dreams on the fringes. Avant-Garde Tower, Shoreditch, £2.4m This three bedroom apartment, however, is so close to the Square Mile – yet with a cooler-than-thou E1 postcode – that you can walk to Liverpool [...]
New homes: Our pick of the new builds going on sale in London this weekend March 22, 2019 New developments on the market this week Royal Docks West, Newham From £685,000 View the last homes at a development in east London where the landscaped gardens are the size of nine tennis courts. A 12th floor show apartment in a 19 storey building has opened up to sell the last of 79 private homes [...]
House transactions edge up despite Brexit uncertainty denting Spring bounce March 21, 2019 Signs of growing activity in the UK housing market have emerged this morning, with new figures signalling a potential change in tune among buyers who have so far been holding off on deals in the run-up to Brexit. A modest rise in property transactions last month has industry experts noting that some buyers are choosing not [...]
Debate: With recent attention on Section 21 of the Landlord and Tenants Act, should it be scrapped? March 21, 2019 Debate: With recent attention on Section 21 of the Landlord and Tenants Act, should it be scrapped? Yes – Hannah Slater is policy and public affairs manager at Generation Rent. Section 21 allows landlords to evict tenants with just two months’ notice and without giving them any reason. It’s an outdated bit of law. Three decades on [...]
UK house price growth hits six-year low as experts warn of ‘Brexit downward spiral’ March 20, 2019 London house prices fell 1.6 per cent in the year to January, official data revealed today, as experts warned a mix of Brexit uncertainty and the death of buy to let are hurting the value of homes. The sharp price drop in the capital's housing market meant overall UK house prices rose just 1.7 per [...]
Rent rises: East London outpaces West London in rental growth race March 18, 2019 Fresh evidence of demand for East London’s housing market has been underlined by new figures today, with traditional high-growth areas in the west of the capital seeing more of a slowdown in recent years. Rents in East London’s nine boroughs rose on average by more than 20 per cent since January 2012, compared with growth [...]