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While in comparison to its Asian and American counterparts London is still a relatively low rise city, there is a surge of high rise development going on around the capital. The launch of the Shard earlier this year is only the beginning as London is to see its "decade of towers" according to Stephen Miles-Brown, director of property consultant Knight Frank.
As prices for land in the city continue to rise at a frightening speed and the availability of space decreases, it seems the only way is up in London and there is a discrete competition going on for the best views.
Hadley Mace, a joint venture between developer Hadley Property Group and construction company/consultancy Mace, has just launched its brand new development in East Greenwich, Greenwich Square, which will provide some 645 new homes together with community amenities on the former Greenwich District Hospital site.
L&Q, one of the largest residential developers in London, is set to develop 58 houses and apartments overlooking Kennington Park, on a site close to the Oval cricket ground in south central London.
The 58 new homes on St Agnes Place mark the start of a new quarter of Lambeth, creating new green links between Kennington Park and the Kennington Park Extension.
Jo was renting a place with four friends when two of them decided to take the plunge and buy a property through shared ownership. With the rental arrangement inevitably changing as a result, Jo also resolved to take the plunge into homeownership and started looking for a flat to purchase.
When Foule Diaby and her partner Moussa decided that they need more room than their rented property in Southwark gave them, they turned to shared ownership to secure a large new-build apartment in a nearby development from affordable housing providers L&Q.
The number of renters in London has greatly increased over a decade, according to the last census figures. Some 800,000 households in the capital, around 25% of the total number, are renting privately. With property prices and rents there increasing and many people enduring stagnant wages, the dream of homeownership seems to be fading for many people, though housing association L%Q is hoping to persuade them otherwise with its PricedIn shared ownership campaign.
To mark Shared Ownership Week, Marc Da Silva will be interviewing leading affordable housing providers across the country, kicking off today with L&Q's Jerome Geoghegan.
Name and business title: Jerome Geoghegan, Group Director at L&Q, Development & Sales.
Developer L&Q has released another phase of new-build shared ownership apartments at its Bourne Place development in South Kilburn, part of a major regeneration programme that will see some 3,000 new homes come to this part of northwest London.
As one of the safest places to invest in property worldwide, London is often misconceived as being too pricey for anyone other than oligarchs investment bankers and CEOs. There can be no doubt there is a London bubble which has withstood the credit crunch and the market continues to thrive, however there are also a wide range of regeneration areas across the city.
De Beauvoir Wharf, the third phase of the Kingsland Wharves development on the edge of the City of London on the banks of the historic Kingsland Basin, has been officially launched.
The new homes at the scheme have already become a hit with buyers following the recent popularity of previous phases which are now 100% reserved. The majority of apartments at De Beauvoir Wharf are waterfront facing with private balconies or terraces offering views over the Kingsland Basin.