Canary Wharf Group launches registration for 800 riverside homes at former Shell Centre July 30, 2015 Fresh from its takeover by the Qatari sovereign wealth fund, Canary Wharf Group has launched registration for homes at its first-ever non-Canary Wharf development – Southbank Place, formerly known as the Shell Centre. The company is planning a £1bn renovation of the 27-storey site, which will include 868 homes, 530,000 sq ft of office space [...]
As David Cameron vows to crack down on corrupt foreigners buying London properties, can PM lift the shroud of secrecy? July 30, 2015 Prime Minister David Cameron grabbed headlines this week when he said: “There is no place for dirty money in Britain.” Vowing to remove a “shroud of secrecy” surrounding luxury London properties owned by offshore holding companies, the Prime Minister said in a speech in Singapore that the UK “must not become a safe haven for [...]
OntheMarket will fizzle out before its first birthday because unlike Zoopla and RightMove it serves the middlemen, not home buyers and sellers July 29, 2015 Years ago, estate agents used to sell properties via traditional marketing campaigns, from listings in a shop window to double page adverts in the local newspaper. Times have certainly changed and these days nearly all property buyers head to Zoopla or Rightmove to find their next property. This week marks the six-month birthday for [...]
The National Association of Estate Agents: Number of house hunters hits an 11-year high July 29, 2015 The number of people hunting for a new home in Britain hit an 11-year high last month amid a dwindling housing stock and sky-high prices. Figures released today by the The National Association of Estate Agents (NAEA) showed around 439 house hunters were registered to each estate agent branch in the UK last month. This [...]
Foxtons upbeat about second half after pre-election jitters slowed property sales July 29, 2015 Blood on the residential street? Revenues at London estate agent Foxtons have dropped in the first half, as property sales slide. The figures: Group revenue at the agency fell 2.3 per cent to £71.1m for the six months to 30 June, while property sales fell 10.9 per cent against 2014, when the market was operating [...]
Time to move to Chatham? Best value commuter towns cut thousands off London house prices July 29, 2015 A one hour commute can knock around £450,000 off the average price of a house, according to new research published today by a major UK bank. Towns which are an hour’s commute from central London, which include Crawley, Newbury, Colchester and Chatham have an average property price of £272,000 – a significant contrast to the average [...]
London mayoral hopeful Tessa Jowell: City workers would be better off commuting from Madrid July 28, 2015 London mayoral hopeful Tessa Jowell’s team has been crunching numbers – and it turns out capital dwellers might be better off commuting to the City from Madrid rather than living in London. You read that right. Based on the average cost of commuting from a one-bedroom flat in north London to a job in the [...]
London house prices: Both buyers and renters suffer brunt of affordability crisis July 28, 2015 London house prices were 9.2 per cent higher in June than the same month last year, according to figures published by the Land Registry today. The capital outpaced the rest of England and Wales, where price growth averaged 5.4 per cent. Renters are not faring much better either. Average rents in London climbed to £699 [...]
Herzog & de Meuron’s Canary Wharf tower given go-ahead July 28, 2015 Fancy living in a cylindrical waterfront tower? Soon homebuyers will be able to do just that after Canary Wharf Group secured detailed planning permission for its second residential scheme on the former Wood Wharf site. The 57-storey building, which is yet to be named, owes its quirky design to Swiss architects Herzog & de Meuron, [...]
London rental prices: Renters on living wage priced out of every postcode in the capital July 27, 2015 Exorbitant room rents are pricing low-paid workers out of all parts of London, as new data shows that there is no longer a single postcode in the capital where you can afford to live on the London living wage. On average, renters earning a living wage put more than half of their salary, 56 per [...]