To Rent! A characterful and freshly refurbished one bedroom ground floor apartment, situated in a quiet gated development with a communal outdoor area and access to Regent’s Canal. Take a video tour below…
Crossrail has completed the construction of the first of its new train tunnels under London. It comes as Crossrail’s tunnelling machines reach the 13 mile point in their 26 mile marathon tunnel build.
Crossrail tunnelling machine Phyllis has finished the project’s first train tunnel, 17 months after commencing her 4.2 mile (6.8 km) journey from Royal Oak in west London and Farringdon in central London.
The Economist reports that LONDON is turning inside out. That, anyway, is roughly the argument of a couple of pieces they published recently. Just as affluent young professionals seem to be staying in the inner-city longer, turning places such as Dalston (in Hackney) and Peckham (in Southwark) into hipster enclaves, so too are the outer suburbs getting poorer, as people who cannot afford inner-London rents are pushed further out.
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Plans for a major housing development including a 19-storey tower next to Dalston Kingsland station have been submitted to Hackney Council.
One hundred and twenty five homes are proposed in a scheme ranging in height from four to 19 storeys with shops on the ground floor.
Click the image for the full story at Dalstonist.com
Click to go to story at Dalstonist.com
With property prices soaring, more and more people are stuck in rented houses when they would rather own, but according to a feature in The Guardian a bit of creativity can help to turn your rental into a home…
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Relaunched as East Village this week, the Stratford athletes’ quarters is set to become home to thousands of London’s renters. Click image to read more at the Evening Standard…
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Consultancy Jones Lang LaSalle have been looking at the effect on house prices of London’s massive Crossrail project, and are predicting price rises in some neighbourhoods of as much as 44% by 2018. The east-west rail link through the capital, and Europe’s largest infrastructure project, will cause more property ripples, and have a bigger impact on London, than even the latest Tube extensions to the Jubilee and East London lines.
Click to go to Evening Standard story
Today the London Independent has published photos of progress at Crossrail. The £14.8bn project, slated for completion in 2018, will connect Maidenhead and Heathrow in the west to Shenfield and Abbey Wood in the east.
The developers claim it will increase London’s rail capacity by 10 per cent.
The pictures show the five tunnelling machines carving new paths under the capital, and remodelling old ones, some of which were first used in 1878.
Over 7,000 people are working on the dig, which goes on 24 hours a day. Click image for more.
Click to view Crossrail image gallery from The Independent
Architects have come up with a new way to solve the UK’s chronic housing shortage – converting garages into tiny homes. A row of out-of-use lock-ups in Hackney are due to be turned into cosy bedsits for young professionals and people unable to find a home. Click image to go to story.
The FT reports that overseas investors’ appetite for London property sharpened in 2012, as foreign buyers poured £2.2bn into new-build homes, up from £1.8bn in 2011.
Singapore and Hong Kong led the field, with a 23 and 16 per cent share respectively of the central London new-build market, research by Knight Frank, a property agent, showed.
British buyers remained the largest group in the new-build market, accounting for 27 per cent of transactions last year, roughly similar to 2011 levels. But the number of other nationalities buying “off-plan”, or before a property was built, in London rose from 43 to 52, Knight Frank said.
London’s position as an international financial centre, as well as its schools and universities, were key factors attracting foreign buyers.