News
Essential news affecting the world of property
City of London Skyline in 2026 with 13 New Consented Schemes
December 28, 2017
The image above shows City of London’s skyline in 2026 following the construction of 13 new consented schemes. The buildings are to have off site consolidation for deliveries and six of the buildings are to have free public viewing galleries. More
UK Housing Stock Value
January 24, 2018
UK Housing Stock is Valued at £7.14 Trillion an Increase of 34% over Ten Years 19 January 2018 The total value of housing stock in the UK has risen by £1.82 trillion over the last 10 years, to £7.14 trillion. London accounts for a quarter of the total value, at £1.785 trillion, but only 12% of the homes. More
London Office Construction Lower over Last Six Months to 12.6 million sq ft
November 28, 2017
A Deloitte survey shows that the development of new offices in central London is down 9% over the previous six months, but volumes are still high compared to the long term average. The west end market in contract shows a 20% increase in activity. More
Crossrail Programme is 87% Complete with Final Track installed at Whitechapel
October 1, 2017
October 2017 The final part of the track that forms the Elizabeth line has been completed at Whitechapel Station. This coincides with the completion of Abbeywood Station, one of the 10 new stations that form part of the Elizabeth Line. More
Fast Track Planning for Sites that Provide 35% Affordable Homes
August 17, 2017
17 August 2017 The London Mayor aims to increase the supply of affordable homes by offering a fast track planning permission for developments that offer a minimum of 35% affordable homes. Developments on public land need to provide 50% affordable homes to quality for the fast tract service. More
Highest Number of New Homes Built Since the 1930s but London needs more Affordable Homes
April 4, 2017
Highest Number of New Homes Built Since the 1930s but London needs more Affordable Homes 4 April 2017 According to a report by Savills the there are record number of houses being built in London since the 1930s with indicators suggesting 41,000 in 2016, but these do not meet the demand for homes costing less than £450 per sq ft. Savills estimate that 58% of the demand is for such homes, but only 15% of homes to be built in the next five years are forecast to be at this level. More
Housing Affordability Declines Fastest in London
March 17, 2017
Over the past two decades housing affordability has declined fastest in London according to the Office for National Statistics. Kensington and Chelsea was the least affordable local authority where house prices were 35.8 times annual earnings. More
City of London Corporation and the Mayor of London Contribute £180m Towards the New Museum of London at West Smithfield
January 24, 2017
City of London Corporation and the Mayor of London Contribute £180m Towards the New Museum of London at West Smithfield 24 January 2017 The Museum of London confirms that it has raised £180 million towards its target of £250 million to create a new Museum of London at West Smithfield. The funding is provided by the City of London Corporation and the Mayor of London, and follows the appointment of architects Stanton William and Asia Khan. More
Chinese Investment of £1.7bn to Develop the Royal Albert Docks
November 10, 2016
The Chinese developer ABP is to invest £1.7bn to develop the Royal Albert Docks over the next eight years. The investment in the 35 acre site was originally announced in 2013 and is expected to crease 30,00 new jobs. More