The housing crisis must be tackled by both government and industry or shareholders in the housebuilding sector will continue to suffer November 29, 2016 The UK is facing a chronic housing shortage, but housebuilders’ shares have taken a hammering in recent months. On the surface it is a conundrum. However, there are many forces at play. This year's changes to stamp duty have been inflationary at the bottom end of the London market and deflationary at the top. As [...]
New Builds: On the market this week from a Roman site in the City to a £400m piazza in Islington November 21, 2016 Landmark Place, City of London From £810,000 A rare chance to live in the City of London has arisen with the opening of a new show apartment. The three bedroom duplex was unveiled by Barratt London on the 23rd floor of its Aldgate Place development last week. The new homes will be on Water Lane, [...]
Focus On Lewisham: Historically undervalued, Lewisham is undergoing a major upgrade November 17, 2016 It may surprise you to learn that Lewisham, that underloved pocket of South East London, is one of the fastest growing boroughs in the capital. Since the arrival of its DLR station and the rise of Canary Wharf – a wealthy neighbour where employment has quadrupled in the last 10 years – it’s become an increasingly [...]
Barratt has taken “pricing action” on high-end homes in London as weak demand begins to bite November 16, 2016 Not long ago, housebuilders were all clamouring to get a slice of London's high-end property market. Not any more: today Barratt said although sales have been strong, demand in the capital has weakened. The figures First, the good news: in a trading update ahead of its shareholder meeting today, the housebuilder said total forward sales [...]
Focus On Rotherhithe: A £34m investment has brought a new town square, library and cultural centre to the Docks November 11, 2016 Rotherhithe, a conservation area in the Docklands in south east London, is one of the prettiest and most rapidly gentrifying places in the capital. With a long and proud history as a major trade port, it was a working dock right up until the 1970s. It was also home to the first under-river tunnel in [...]
Housebuilder share prices drop, following the FTSE 100’s slide November 2, 2016 The share prices of housebuilders have fallen in morning trading, following the FTSE 100, which has edged downwards. Barratt Developments' share price was down 0.81 per cent, Taylor Wimpey's share price was down 0.61 per cent and Berkeley Group's share price was down 0.42 per cent. After a positive set of results this morning, Persimmon's share price bucked [...]
New Builds: From 31 storey Docklands towers to boutique homes next to the Royal Courts of Justice October 28, 2016 Dollar Bay, Docklands From £5m Four penthouses that form the crowning glory of this 31-storey tower in the Docklands are on sale this week. Two four floor, three bedroom penthouses and a couple of two bedroom duplexes are on sale next to each other at the apex of this joint venture between Mount Anvil and [...]
Gross mortgage lending down seven per cent in September October 20, 2016 Gross mortgage lending fell seven per cent last month, but hit the highest September figure since 2007. According to the Council of Mortgage Lenders (CML), gross mortgage lending was £20.5bn in September, down seven per cent month-on-month. Read more: London boss of Barratt Developments arrested on suspicion of misconduct The figure represented a two per [...]
Homes in “UK’s tallest residential tower” go on sale in Canary Wharf and other new homes on the market this week October 14, 2016 Spire, Canary Wharf From £595,000 Apartments in the UK’s “tallest residential tower” on the cusp of Canary Wharf went on sale yesterday. Rising to 771ft with 67 storeys, it cost Chinese developer Greenland Group £800m to build adjacent to West India Quay DLR station and the Museum of London Docklands. There will be 861 one [...]
Housebuilders’ share prices struggle towards the pre-referendum summit after positive outlook from Telford Homes and Countryside October 12, 2016 Telford Homes' share price jumped 4.7 per cent in early morning trading after the company issued a confident trading update, pulling other housebuilders towards their pre-referendum prices. Countryside Properties' shares were also on the up – increasing 3.5 per cent at time of writing – when the housebuilder said any impact from the June referendum had been mitigated. [...]