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Old October 22nd, 2013, 12:35 PM   #8181
Birmingham
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London house prices rise by "unsustainable" £50,000 a month

http://www.myfinances.co.uk/mortgage...0-in-one-month

Asking price increases in London are "unsustainable", says Rightmove

Average prices for UK homes reach new record high of £250,000

According to property website Rightmove, asking prices for homes in the UK have reached £249,841 and over £500,000 in London, the best start to a year since 2004.

Asking prices up by 5.5% in one year

The latest House Price Index from Rightmove reveals that despite a small drop in August, asking prices for properties have gone up by 5.5 per cent in the last 12 months.

Property website Rightmove says that new data shows the rise in asking prices for property in London is “unsustainable”.

Its latest report shows that after two months of falls in the price of property being put up for sale, October saw a sharp jump of 2.8 per cent, equivalent to £6,923 added to the price of every property in the UK put up for sale.

However, in London there was jump of 10.2 per cent, adding £50,484 to the asking price of the average new property coming to the market.

The strong recovery takes asking prices in the capital to £30,000 ahead of July’s all-time high.

The huge rise comes from strong demand from overseas investors combined with a shortage of properties to be sold.

Estate agents in London have reported that the stock of properties for sale has dwindled to next to nothing.

Miles Shipside, Rightmove director said: “London is a world city where overseas investors see real estate as a safe asset at a time when safe assets are increasingly scarce,”
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Old October 22nd, 2013, 03:10 PM   #8182
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An asset. Yeah, **** off. Nevermind people who can't get homes because they're an "asset" for investors.
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Old October 22nd, 2013, 04:11 PM   #8183
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1st September your house is worth £500,000
1st October your house is worth £552,000

London is on another planet!!
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Old October 22nd, 2013, 05:00 PM   #8184
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Quote:
Originally Posted by Birmingham View Post
1st September your house is worth £500,000
1st October your house is worth £552,000

London is on another planet!!


It is.

A friend of mine has calculated the value of the street that he lives in - which is in Acton, not the ghetto part, but still, Acton all the same - to be worth some staggering multi-million Pound sum after the value of all the flats in the street is added up.

And that's just one little street.

Mental.
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Old October 22nd, 2013, 05:05 PM   #8185
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Guys Hospital Redevelopment | Southwark SE1

image hosted on flickr

by myromanapartment
That isnt the finished product surely?

They is more development to come right?
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Old October 22nd, 2013, 05:08 PM   #8186
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Quote:
Originally Posted by Birmingham View Post
1st September your house is worth £500,000
1st October your house is worth £552,000

London is on another planet!!
This is the reason why the Russian, Chinese, and Arab billionaires are now buying a lot of properties all over London although they don't live there. International investors see London as a safe heaven and obviously the developers can't be stopped from building up so many new buildings in every corner of London. Because of the investors and foreign buyers the house prices are dramatically getting higher month by month and IMO it is not indeed a good thing in terms of sustainability and also for locals who live in the rented houses.
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Old October 22nd, 2013, 05:16 PM   #8187
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Leadenhall Building | The City EC1

Official site: http://www.theleadenhallbuilding.com/
International thread: http://www.skyscrapercity.com/showth...33931&page=105

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122 Leadenhall Street by david.bank (www.david-bank.com), on Flickr

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_D6A6178 by constructionchest, on Flickr
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Old October 22nd, 2013, 05:29 PM   #8188
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30 Marsh Wall | Canary Wharf | 205m | 57 fl

EXCEPTIONAL DESIGN

The proposals are designed by 21st Architecture, a leading London-based practice with years of experience in creating inspiring new buildings.

This unique, tapered and slender structure will be a stunning addition to the area’s architecture and enhance the Isle of Dogs’ skyline.

The new homes, offices and retail space will feature the latest green technology helping to keep the building’s carbon footprint down and limiting the use of resources.

The building will feature:
  • A combined heat and power boiler to deliver hot water and electricity throughout the development
  • Whole-House heating and ventilation – reducing the need for heating and air conditioning
  • Ventilated winter gardens providing heat in the winter and cooling fresh air in the summer
  • Low use water fittings throughout

Official website: http://www.21starchitecture.com/proj...nt/marsh-wall/









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Old October 22nd, 2013, 05:40 PM   #8189
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- Think this has already been discussed on this thread. Few months old.
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Old October 23rd, 2013, 01:44 AM   #8190
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Quote:
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That isnt the finished product surely?

They is more development to come right?
Sadly, I think that's it.
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Old October 23rd, 2013, 05:15 AM   #8191
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Future of London: the New York Times on the foreign rich buying up property

Property in the capital has become a global reserve currency for the super elite, altering its delicate cultural ecology, says Michael Goldfarb. Then he explains why his story had such an impact

http://www.theguardian.com/uk-news/2...-rich-property

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Singapore’s $215bn investment fund plans expanded presence in London

Temasek, the Singaporean investment fund, is to use its new London office as a platform to explore a series of investments in Africa.

The Sunday Telegraph understands that the Singaporean $215bn (£107bn) fund is keen to take advantage of Africa’s growth story.

Given London is often the first port of call for African companies looking for finance, it is believed that Temasek’s senior management think a base in the capital will provide a springboard to invest into the continent.

Temasek co-funded a £300m African investment fund with the Oppenheimer family, which began making investments a year ago.

The Tana Africa Capital fund is investing in non-extractive industries, and is interested in sectors such as consumer, healthcare, and food logistics in countries with growing consumer bases, such as Egypt and Nigeria.

http://www.telegraph.co.uk/finance/n...in-London.html
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Old October 23rd, 2013, 11:20 AM   #8192
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Quote:
Originally Posted by onerob View Post
Sadly, I think that's it.
NOOOOOOOOOOOO! You have got to be kidding... It doesn't look finished. I can still see scaffolding.

Plus the main part of the tower hasn't even been touched by the redevelopment!
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Old October 23rd, 2013, 12:04 PM   #8193
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Gehry and Foster chosen for next phase of Battersea Power Station
23 October 2013 | By Andrea Klettner

Building will be Frank Gehry’s first in London

Gehry Partners and Foster & Partners have been chosen to design phase three of the Battersea Power Station development in south-west London.

The project includes “one of the most exciting areas” of the development – a retail pedestrian street linking the power station and the new Northern Line extension, alongside two residential development zones.

Gehry and Foster will work together on the new High Street and each practice will design the residential buildings on either side of the new avenue, making Gehry’s part the practice’s first building in London.

Gehry said: “Our goal is to help create a neighborhood and a place for people to live that respects the iconic Battersea Power Station while connecting it into the broader fabric of the city. We hope to create a design that is uniquely London, that respects and celebrates the historical vernacular of the city.”

In total, phase three will comprise 1,200 residential units, a 200 room hotel overlooking both the town square and the Power Station, retail and restaurant space, a library and further leisure space.

Grant Brooker, design director at Foswter & Partners, added: “We moved our own office to Wandsworth almost twenty five years ago – the Borough is very important to us, so we were absolutely delighted to be chosen to be part of this inspiring regeneration project.

!It has a vision which will transform this area and create a vibrant new district for South London that we can all be proud of. Along with our colleagues at Gehry Partners, we are joining a great team of designers and we will work closely with them to create a new high street and our part of this exciting new community.”

The mixed-use Battersea Power Station master plan is designed by Rafael Viñoly and will include more than 3,400 homes when complete. Wilkinson Eyre is appointed to the Power Station building and Ian Simpson Architects alongside dRMM has designed Circus West, phase one of the
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Old October 23rd, 2013, 12:41 PM   #8194
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Good News, I love Gehry's designs
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Old October 23rd, 2013, 02:50 PM   #8195
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Quote:
Originally Posted by TowerVerre:) View Post
Good News, I love Gehry's designs
...alongside Foster + Partners we really do have an exciting development coming up.
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Old October 23rd, 2013, 04:46 PM   #8196
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Foster and Roger are the best architects. Great to see one of them has been chosen to redevelop the iconic Battersea power station.

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Quote:
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Sadly, I think that's it.
Fortunately, it is still in the process of redevelopment. So, it is not finished yet.

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Tornado GR4 Over London by Defence Images, on Flickr
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Old October 23rd, 2013, 05:09 PM   #8197
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Caxton Works | Canning Town E16

Official website: http://www.cathedralgroup.com/curren.../canning-town/

The Caxton Works project in Canning Town has been approved: Green light for 336-home East London ex-factory scheme

Project facts
  • Homes: 336
  • Developer: Cathedral Group
  • Completion: 2016

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Old October 23rd, 2013, 05:47 PM   #8198
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I really like a new modern "LONDON" that contains a mixed of ancient architecture and modern buildings. No other city in Europe comes close.
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Last edited by NWTS; October 23rd, 2013 at 06:06 PM.
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Old October 23rd, 2013, 06:55 PM   #8199
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Again. I don't think many people apart from us bores on here that notice yet just what London is becoming. Every single new development has balconies. Its so continetal. Something the UK has never had before. As long as people don't toast their towels on the railings.
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Old October 23rd, 2013, 07:23 PM   #8200
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Quote:
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Again. I don't think many people apart from us bores on here that notice yet just what London is becoming. Every single new development has balconies. Its so continetal. Something the UK has never had before. As long as people don't toast their towels on the railings.
Love balconies and French windows. Surely we need more of them here
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