Tenants pay more than owners- City AM
Posted on March 13th, 2013 by admin
Tenants pay significantly more by renting than owners do servicing their mortgages, according to figures out yesterday.
Renting costs 14 per cent more on average, Zoopla.co.uk said yesterday, and it is cheaper to service a mortgage than to rent in 86 per cent of UK cities.
The gap is narrowest in London, Zoopla said, where renting is only two per cent cheaper.
Read MoreMayor launches London’s first liquid postcode- City AM
Posted on March 13th, 2013 by admin
LONDON mayor Boris Johnson revealed plans yesterday to create the UK’s largest “floating village”, as part of his ongoing drive to transform London’s Royal Docks.
His plans will see 15 acres of water at the Royal Victoria Dock site in east London converted into a new community “twice the size of Soho” with homes, hotels, restaurants and transport links to Canary Wharf, including Crossrail.
Johnson used his keynote speech at Mipim, the property’s industry annual conference in Cannes, to launch a competition for developers to work on what he called “London’s answer to Venice”.
“This site is unique. It has the potential to become one of the most sought after addresses in the capital while breathing new life back into London’s waterways. But it’s not alone.
“Right across London there are incredible investment opportunities that I’m determined to bring to market creating more homes and jobs for Londoners,” he added.
The formal procurement process will begin this summer and the Greater London Authority hope the scheme will get underway within Johnson’s remaining three and a half year tenure as mayor.
The site sits directly under the Thames cable car, the Emirates Airline, which Johnson – who masterminded the scheme – insisted yesterday “will cover both its capital and revenue costs by 2019”.
‘Worthless’ plot yields a pot of gold for Galliard as twisting tower entices
Posted on March 3rd, 2013 by admin
Galliard Homes sold 80 unbuilt Docklands flats in Singapore last weekend at an average price of £500,000 each.
Galliard boss Stephen Conway says he has never sold so many off-plan in one day —at least, not since 1994, when buyers queued outside his development within the old GLA offices opposite Parliament.
Singaporeans slapped down 20% deposits on apartments in the 46-storey “twisting tower” at Baltimore Wharf, pictured. Almost £7 million was raised. Sales prices in Singapore averaged £764 per square foot says Conway. The buyers may be unaware – but they are helping fund construction.
When selling agent Jones Lang LaSalle sets up a stall in Kuala Lumpur this weekend, the financial target of pre-selling 150 of the flats may be reached. That will trigger lending guarantees. Loans will pay half the £100 million building costs. The target sales price for all 330 flats is £175 million.
The 150-metre tower designed by Skidmore, Owings and Merrill will soar from ground which once held a large tin shed called the London Arena. Conway and Paul White paid £30 million for the site six weeks ago. Subtract that and £100 million building costs from £175 million and the result should be a profit of £45 million from land where London Dockland Development set up in the early Eighties. Then the desolate plot was worthless.
Regents Quarter
Posted on February 24th, 2013 by admin
Please see attached booklet. Regents Quarter
If you are interested in the development please contact the Property Inside London team: angie@propertyinsidelondon.com
Read MoreThe Forge- Canary Wharf
Posted on February 23rd, 2013 by admin
Please see the attached marketing booklet.The Forge Brochure_lo
If you are interested in the development, please contact the Property Inside London team: angie@propertyinsidelondon.com
Read MoreJones Lang LaSalle research note on London residential property
Posted on February 23rd, 2013 by admin
Knight Frank research report on London residential property
Posted on February 23rd, 2013 by admin
Households’ optimism on property prices hits highest level since June 2010
Posted on February 18th, 2013 by admin
Chris Williamson, chief economist at Markit, said:
“House price optimism has perked up to its highest level in over two and a half years in February, providing encouraging evidence that the property market has seen a strong start to the year. The improvement in sentiment about current and future house prices provides firm evidence that the Funding for Lending Scheme is already having a noticeable beneficial impact on the market, via the improved availability of mortgages and the simple fact that people perceive that the new initiative will drive a recovery of the housing market.
“With rising housing market sentiment adding to the news from the PMI surveys of a return to growth of business activity in January, the picture for the UK economy has brightened considerably since late last year.”
Please see attached research note- Confidence note
Read MoreSterling’s slide boosts London property demand
Posted on February 18th, 2013 by admin
Holborn transforms with new luxury homes and crashpads
Posted on February 18th, 2013 by admin
Few parts of London have such a fascinating history as Holborn, which stretches from the Old Bailey, past the Hatton Garden jewellery quarter and Chancery Lane’s Inns of Court to Covent Garden. It was through these streets that condemned prisoners travelled on their way from Newgate in the City to the gallows at Tyburn, Marble Arch.
Urban since the Middle Ages, the area has always changed with the times and is now undergoing another transformation. In recent years, big law and accountancy firms have moved in, which has triggered demand for local homes — main residences as well as crashpads for higher-earning career professionals.
Five new luxury apartments in a listed building designed by renowned architect Edwin Lutyens are for sale at splendid Lincoln’s Inn Fields, London’s largest public square and one of the oldest, being first laid out in the 1600s.
The apartments have about 1,500 sq ft of space, and are linked to Club Quarters, a small designer hotel offering facilities to residents. Prices from £2.15 million to £3.25 million.
Area change has been given momentum by two new Crossrail stations being built at Tottenham Court Road and Farringdon. Fetter Lane has the world’s newest and biggest “courts complex” (29 courtrooms and other judicial offices), evidence of the area’s resurgent legal sector.
Nearby Inner and Middle Temple, with their barristers’ chambers, are London’s oldest live-work estates. Among the best new homes are those tucked away in narrow lanes and passageways, or next to heritage buildings.
Red Lion Court, close to the Royal Courts of Justice, fits into this category — 14 flats priced from £775,000.
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