The surprise London areas where disposable income’s rising fastest November 28, 2016 Did someone say gentrification? Any resident of south London knows the area's on the rise, but now new figures reveal just how much that's happening: disposable incomes in some of the hottest areas south of the Thames are rising more than 10 times faster than the rest of the UK. Lewisham and Southwark experienced a 5.3 per cent rise in cash in [...]
Mongolian property developer aims for London float November 28, 2016 A Mongolian property developer is plotting a flotation on the London Stock Exchange’s junior market. Asia Pacific Investment Partners this morning announced its intention to float on the Alternative Investment Market (Aim) next month. The group claims to be one of “a few Mongolian real estate developers able to effectively access both international and domestic [...]
Planning permission could soon be granted for the City of London’s highest skyscraper at 1 Undershaft November 27, 2016 A decision on planning permission for what would be the City’s tallest building is expected soon from the City of London Corporation. If it is approved, the tower at 1 Undershaft will be situated at the heart of the City’s cluster of skyscrapers, slotting between the Leadenhall Building and 30 St Mary Axe – known [...]
Interiors: Tara Bernerd looks back on her 15-year career designing hotels and elite residences around the globe November 25, 2016 If there’s one imminent interiors project in London that we can’t wait to sneak a peek at, it’s the show apartments for One Park Drive, a Herzog and de Meuron-designed cylindrical tower taking shape in Canary Wharf. It’s highly-anticipated, not just because the 472-apartment tower is one of the largest remaining undeveloped sites in the [...]
Focus On Peckham: How it went from Only Fools fame to be the first time buyer capital of London November 25, 2016 Whatever you think about 2016, it’s been a billboard year for Peckham. Two large houses near Peckham Rye station sold £2.5m this year, a record price for the area, firmly cementing SE15’s fast-growing reputation as a desirable place to live. It’s not bad for an area that is embedded in the national psyche as the [...]
Autumn Statement opinion: Will the Chancellor’s ban on fees kill off the high street letting agent? November 25, 2016 Two days on and the property industry is still reeling from the Chancellor Philip Hammond’s decision to ban letting agent fees for tenants almost immediately. It shouldn’t have come as a surprise, given that these fees were banned in Scotland four years ago and the Government has actually been consulting on them for the last [...]
Property of the Week: Church Grove in Kingston, an enormous Victorian treasure on the edge of a royal park, is on sale for £2.695m November 25, 2016 If you have a conservatory in your house, you’re considered pretty lucky. But few have one that was built in the 19th century that’s secured with a stable door straight from Hampton Court Palace. Church Grove, a six-bedroom house in Kingston-Upon-Thames, does though. Foxtons has been marketing the unusual feature as a “sun room”, but [...]
New Builds: Homes on sale this week on a new town square in Ealing and Help to Buy in Sydenham November 25, 2016 Dylon Works, Sydenham From £227,997 with Help to Buy London, from £389,995 for private sale apartments Over 200 homes will go on sale tomorrow, with the option to take out a 40 per cent equity loan via the government’s Help to Buy London scheme. Primed for first time buyers, 221 out of 223 one to three bedroom [...]
Sirius Real Estate to move to main market in 2017 November 25, 2016 AIM-listed Sirius Real Estate is planning to move to main market in early 2017, City A.M. understands. The property company, which focuses on commercial property in Germany, is expected to announce the news in the new year. Read more: Angela Merkel confirms she will seek fourth term Sirius is listed in both London and Johannesburg. It [...]
The average £1m London home now has fewer than three bedrooms November 25, 2016 The average home worth £1m in the capital has just 2.9 bedrooms, figures have suggested. Using data from OntheMarket.com Savills researcher Lucian Cook found homes valued at between £900,000 and £1.1m across the rest of the UK have more than four bedrooms – while in London, it is fewer than three. The next lowest figure [...]