Results tagged “Property”

CANARY Wharf Group has upped its contributions to get the green-light for a hotel.

Subsidiary South Quay Properties is keen to build a 37-storey hotel dubbed Newfoundland to the west of the estate.

But Tower Hamlets Council deferred its application in August, asking for more cash for local services.
Newfoundland would feature 150 rooms, and 78 serviced apartments.

The company has now raised its Section 106 contribution from £915,284 to £1,115,284, including an additional £100,000 donation to the Isle of Dogs Community Foundation.

THE credit crunch is forcing housebuilders to do more and more to entice buyers.

The market has become so tough that major housebuilder Barratt Homes is offering to pay buyers’ mortgages until 2010 if they agree to purchase an apartment at one its Maple Quays or Elektron developments.

Adam Lawrence, regional managing director of Barratt London and Thames Gateway said: “Our customers have told us that they are worried about getting a mortgage and the wider economic picture."

Click here for Wharf photographer Louisa Emery's pics from the top of the Landmark

WE are all pretty used to working at cloud level on the Wharf nowadays.

But the full impact does not really hit you until you lean over the edge of a concrete frame a hundred metres up with just a hard hat for comfort.

Last week The Wharf was invited by the Young Group to check on the progress of its Landmark development, which will house 644 new residential units to the Marsh Wall area.

THE property market in E14 could be in for a boost after the decision by the Government to freeze stamp duty on some properties.

This week it was announced the tax for properties below £175,000 would be suspended for a year to help the housing market recover. Previously only properties worth less than £125,000 were exempt.

Francesca Tizzard, manager at Rubicon, in Westferry Road, said that while the decision will have a minimal effect in Docklands due to high prices in the area, it has dealt with some uncertainty in the market.

IT may have a history as an inner-city slum, full of Dickensian characters but Bermondsey is being hailed as the latest up-and-coming residential area in Docklands.

The south London town has just seen the first phase of one massive development completed and the final stages of another finished off.

THE WARTIME sacrifice of two female firefighters has been honoured in the naming of a new Isle of Dogs development.

Swan Housing’s residential overhaul of the former Millwall Fire Station in Westferry Road will feature two blocks named after teenagers Violet Pengelly and Joan Bartlett.

The young pair were among those who lost their lives during a bomb attack at the height of the blitz.

WORK has begun on one of London’s largest regeneration schemes which will see around 2,000 new homes built on the Rotherhithe peninsula.

But the company behind the first phase of the redevelopment is facing a rocky time thanks to the credit crunch.

THE GOVERNMENT is being urged to step in to increase the number of quality homes available for rental.

Continuing uncertainty over the credit crunch is driving potential buyers towards the rental market.

FIRST time buyers have the chance to get on the property ladder by purchasing a quarter of an apartment in two massive new developments.

A total of 39 flats in Glenkerrin’s The Forge, right, and Ballymore’s Pan Peninsula, left, are being offered on a shared ownership basis by Assettrust Housing Ltd.

Under the scheme buyers purchase 25 per cent of the property and pay rent on the remainder alongside their mortgage repayments.

HOUSE prices fell for the ninth month in a row in June according to this month’s national housing market survey from property intelligence company Hometrack.

“NOW is a really good time to buy abroad. There are so many bargains to be had because of the credit crunch.”

That’s the opinion of Amanda Lamb, property expert and presenter of Channel 4’s A Place In The Sun. She thinks recent economic woes haven’t really affected people’s appetite for investing overseas.

She said: “I was expecting it to but, to be honest, I haven’t noticed [a change]. But what we will get now are more serious buyers, the ones who can genuinely afford it.

THE PROPERTY market might be a little uncertain at the moment but with the correct strategy it’s still possible to make a profit in 2008, according to industry experts.

Exhibitors at this year’s Homebuyer and Property Investor Show, which runs at ExCeL London from March
7-9, have revealed their top tips for investing in the current climate.

MORE and more of us have been choosing a greener lifestyle but now it seems there is a new option.

This year consumers are beating the January blues by ‘buying blue’.

The aesthetic benefits of living by or near water are all part of a new shift in lifestyle priorities identified by Trendwatching.com, an independent trend agency.