London Homes & Property (East) May 2011

PROPERTYLONDON HOmes&

S h o w c a S i n g t h e f i n e S t h o m e S i n y o u r a r e a

covering canary wharf, DocKLanDS, waPPing & the city

A s the seasons turn from wintery cold to blustery showers and finally fresh, warm days now is the time to embrace everything spring has to offer, shake off winter colours in both your wardrobe and your home.

This is a great season for new purchases, especially with the positivity that comes with longer days and endless sunshine, so take a look at our Development Focus on p.156, which showcases one of the most exciting new City developments, perfect for a central London pad or a great rental investment. In addition we look at how the housing market is slowly starting to consistently improve (p.154), and consider some alternative ways for first time buyers to make it onto the property ladder (p.148).

In our Living Local section we look at some of the exciting new developments in Canary Wharf, including an eco project at Royal Docks, as well as a boutique development in Laughton and a new DLR station at Star Lane in Canning Town (p.126).

May is a wonderful time of the year, as summer holidays beckon and the days finally get longer and hotter. So enjoy these precious weeks, with long bank holidays, warm evenings and a sense of happiness in the air.

Happy hunting...!

Welcome note...mayWelcome note...

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16 Heron Quay, Canary WharfLondon E14 4JB

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S h o w c a S i n g t h e f i n e S t h o m e S i n y o u r a r e a

covering canary wharf, DocKLanDS, waPPing & the city

Editorial DirectorKate Harrison

EditorEmma Mills

Editorial AssistantGabrielle Lane

Head of DesignHiren Chandarana

Senior DesignerDalton Butler

DesignerAshley Lewis

Production ManagerFiona Fenwick

ProductionDaniel Harris

Senior Property ManagerSamantha Ratcliffe

Finance ManagerElton Hopkins

Managing DirectorEren Ellwood

contents

living local126 AreaNews

148 MortgageUpdate

newhomes154 PropertyLatest

156 DevelopmentFocus

162 StateoftheMarket

154

126

living local

Landmark London residentiaL eco tower greenLighted

Silvertree, a landmark 24-storey ‘green’ apartment tower located in London’s Royal Docks, has been granted planning approval. The £80m development will commence construction in this summer, and will be completed in late 2012.

The eye-catching eco tower will be home to 161 high quality, state-of-the-art one, two and three-bedroom apartments, retail, office and commercial units, as well as a café located on the ground floor. The tower will be the most significant new residential development yet in the London Borough of Newham. Apartment prices start from £250,000.

The striking building will be wrapped with curved aluminium bands on two sides that will provide solar shading and electrical power from embedded photovoltaic panels and solar water heating,

“The tower is a super cool, post-crunch design that raises the benchmark for living and eco friendly architecture in Docklands,” says Richard Hywel Evans of award-winning architects Studio RHE, which designed

Transport latest…When the new Docklands Light Railway (DLR) station is completed at Star Lane in the summer, the Canning Town area will have an even more enviable transport network whisking residents all over London and beyond. Several DLR stations terminating at Bank in the City pepper the area. One, Canning Town, is also on the Jubilee Line with services to Bond Street and other central London destinations taking minutes. Canning Town’s overground trains spread to east, north, west and southwest London. London City Airport is also nearby.

Exclusive Boutique Development To Be Launched in LoughtonHiggins Homes is launching a boutique development of eight two-bedroom properties in Loughton, Essex. The Pavilions will feature six apartments and two semi-detached villas starting from £399,950. The villas have been designed to replicate a pair of Victorian houses complete with an original weathervane.

www.higginshomes.co.uk

did you know?Canary Wharf station is longer, at 265 metres, than the Canary Wharf tower, One Canada Square, is tall (244 metres).

the tower. “Silvertree’s solar PV panels, use of ground source and biomass to generate heat combined with high levels of thermal insulation mean not only will it feel comfortable to live in but it will also cost residents very little to run. It takes contemporary apartment living in London to new heights.”

Silvertree is situated just half a mile from the Olympic Stadium, and has excellent travel connectivity due to the implementation of several new transport projects. Located near to the point where the new

By Ben West

areanews

127

Olympics to generate £250m for IT sectorThe 2012 Olympics in London is set to create more jobs than were generated in Olympic host cities Barcelona, Athens and Sydney.

More than £250m is set to be generated for the IT and telecoms job sector alone, according to research from IT recruiter Greythorn.The report estimates that 5,000 new IT and telecoms jobs will be created in the wake of the Olympics, as London 2012 requires an unprecedented level of technology services.

In addition to the traditional sectors impacted by the Olympics, like construction, hospitality and retail, the Games will need a vast high-tech infrastructure to support the media presence, as well as putting into place cyber security measures and coping with the IT demands of those sectors. “The IT and telecoms infrastructure required to host the Olympics will leave a significant high-tech footprint on the UK labour market,” says Paul Winchester, managing director of Greythorn. “Five per cent of the UK’s workforce work in IT and telecoms, and government forecasts suggest 103,000 permanent jobs will be created by the Games.”

127

Thames crossing cable car - which links Greenwich with the Royal Docks - and the new Crossrail Custom House station is being built, Silvertree is directly connected with the City of London and beyond to Heathrow. The existing Royal Victoria DLR station connects Silvertree to Canary Wharf, with Stratford main line station within 15 minutes by rail. London City Airport is two stops away on the DLR.

Set on the waterfront overlooking the Royal Victoria Docks, adjacent to the £35m Siemens Expo building,

Silvertree will have a large roof terrace and communal gardens opening on to the dockside. To ensure residents will enjoy a high quality of life, Silvertree will be built to Design for Life standards, as well as to Code for Sustainable Homes Level 4, well in advance of statutory requirements to do so.

John East, director of planning and development services for the London Borough of Newham, says: “It has the potential to set a new standard for residential design in the Royal Docks, which we welcome.”

KnightFrank

Oriana House, London E14Stunning three bedroom apartment in LimehouseA beautifully presented three double bedroom apartment situated in Victory Place in Limehouse. The property has two balconies offering stunning views to Canary Wharf.

Leasehold

£665,000

Canary Wharf [email protected] 7512 9966

KnightFrank

Gooodhart Place, London E14A beautifully refurbished townhouse in gated development A well proportioned three double bedroom house located in a popular portered Limehouse development. The house has been refurbished to an extremely high level and offers a wealth of internal living space as well as generous terrace.

Leasehold

£850,000

Canary Wharf [email protected] 7512 9966

KnightFrank

The Forge, Forge Square, London E14Knight Frank are delighted to offer a brand new two bedroom apartment within The Forge. This two bedroom, two bathroom apartment offers contemporary accommodation at a reasonable price, with easy access into Canary Wharf and Bank; the commute into work is transformed into a matter of minutes. Wood floors are found throughout the living area, luxury kitchens and bathrooms complete this property.

£375 per week

KnightFrank.co.uk020 7512 9955 [email protected]

Landmark East Tower, London E14We are pleased to offer this amazing one double bedroom apartment found within the brand new Landmark Tower. With unique features that are hardly found elsewhere in Canary Wharf, this apartment features floor to ceiling windows with excellent views from the 23rd floor. The apartment is furnished to a high standard. Viewings are highly recommended.

£385 per week


Discovery Dock East, South Quay Square, E14This apartment is approximately 800sqft and is extremely bright and airy. In brief the accommodation comprises of a spacious reception area with room for dining and entertaining and offers views of Canary Wharf and The o2 via a wrap around terrace. There are two double bedrooms with excellent storage, two bathrooms, one is en suite with a walk in power shower.

£550 per week


Westcombe Park Rd, Greenwich, London SE3We are delighted to offer this lower ground floor apartment close to Greenwich Park. Tastefully refurbished throughout, benefitting from solid oak flooring, a contemporary kitchen, a large living room and two immaculate bathrooms. Providing great storage throughout, this charming property also has access to a landscaped front garden. Available furnished or unfurnished.

£675 per week


KnightFrank

Arran House, Raleana Road, London E14Superbly presented split level 3 double bedroom apartment. There is a large light and bright living/dining room with added storage area as well as fully fitted modern kitchen. There are three double bedrooms split over two floors each with storage space and two bathrooms. A large garage is included as well as parking outside the garage offering a rare chance to park two cars. Available furnished.

£550 per week


Bridgehouse Quay, London E14Arranged over three floors and extending to over 1400 sq ft, a well proportioned and spacious four bedroom townhouse with a wealth of outside space facing south over the inlet leading to Blackwall Basin. Presented in excellent condition throughout, the property boasts a large reception room with a well appointed kitchen as well as three double bedrooms and a fourth single.

£595 per week


Landons Close, Jamestown Harbour, E14This beautiful interior designed furnished apartment situated on the edge of Poplar Dock provides tranquil views from the balconies. Accommodation is large and spread over two floors, with the open plan kitchen/dining room/living room taking the whole top floor of approximately 704 sq ft. On the lower floor there are three double bedrooms, one of which is currently used as a study. Off street parking is also available. £750 per week


New Atlas Wharf, 3 Arnhem Place, London E14Located on the top two floors of a well maintained portered development, this spacious and well proportioned two bedroom duplex apartment benefits from two separate areas of outside space and wonderful river and Canary Wharf views.

£795 per week


KnightFrank

Mauretania Building, Wapping E1WA light and bright 3 bedroom penthouse close to Canary Wharf and Wapping, with fabulous far reaching views of the river, a large separate kitchen two bathrooms and plenty of terrace space, a daytime porter and residents parking. 109 sq m (1179 sq ft)

Leasehold 982 years

Guide Price: £695,000

KnightFrank.co.uk/Wapping020 7480 6848 [email protected]

Prusoms Island, Wapping E1W Charming 2 bedroom flat on the third floor of a warehouse conversion, with roof top views. A spacious flat which has been comprehensively refurbished. Good sized reception room, kitchen, 2 bathrooms (one en suite), lift, weekday caretaker, garage parking space. 95 sq m (1031 sq ft)

Leashold 101 Years



China Court, Wapping E1W1 bedroom second floor flat in west Wapping with a balcony and views over gardens. An attractive flat in good order with refurbished kitchen and bathroom. Gas CH, lift, resident estate manager, parking space. 47 sq m (511 sq ft)

Share of Freehold



Spice Court, Wapping E1W1 bedroom apartment in gated development in west Wapping. With a pleasant outlook on to pretty communal gardens. The flat has wooden floors, a smart new kitchen and bathroom and an unusually spacious reception room and 1 allocated parking space. 50 sq m (543 sq ft)

Share of Freehold



KnightFrank

Cinnabar Wharf, Wapping High Street E1W Stylish riverside penthouse apartment Stunning penthouse apartment with incredible views of the River Thames and Tower Bridge, which can either be enjoyed from the apartment, or from one of the multiple balconies. The spacious two bedroom two bathroom apartment is set over three levels with a stunning main reception room with wooden floors and double height windows.

£1400 per week

knightfrank.co.uk/[email protected] 7480 6848

KnightFrank

Shearwater Court, St Katharine’s Dock E1W Two bedroom apartment with dock views Beautifully presented two double bedroom two bathroom apartment in the highly sought after City Quay development in St Katharine’s Dock. The apartment boasts a good size reception room leading on to a balcony with wonderful views over St Katharine’s Dock, separate fully fitted kitchen and good storage.

£775 per week


KnightFrank

Gainsborough House, Limehouse Basin E14 Split level 3 bedroom penthouse Beautiful bright 3 bedroom apartment in Limehouse boasting lovely views of Limehouse basin. The apartment benefits from a good size reception room with oak floors leading out on to a balcony and with spiral staircase leading to a further reception room on the mezzanine floor with the addition of a very large storage room. Wonderful spacious master bedroom with en suite bathroom and access on to the balcony. The property also benefits from a semi open plan modern fitted kitchen, additional bathroom, secure parking, porter and gym.£995 per week


savills.co.uk

OntariO tOwer, e14new PrOvidence wharf, e14

eatOn hOuse, E14 city tOwer, e14

Reception room kitchen 2 double bedrooms (1 en suite) family bathroom 2 balconies parking concierge gym and leisure facilities

Reception room kitchen 3 bedrooms 2 bathrooms terrace balcony w.c parking concierge

Reception/kitchen bedroom bathroom concierge gym and leisure facilities

Reception room fitted kitchen gym 2 double bedrooms (1 with en suite) family bathroom balcony concierge parking

£750,000 Leasehold £650,000 Leasehold

£285,000 Leasehold£565,000 Leasehold

Savills Canary Wharf [email protected] 020 7531 2500 Savills Canary Wharf [email protected] 020 7531 2500

Savills Canary Wharf [email protected] 020 7531 2500Savills Canary Wharf [email protected] 020 7531 2500

savills.co.uk

Lith haLL, e9Luna house, se16

Cormorant Lodge, e1w iCon apartments, se1

Reception room kitchen bedroom bathroom balcony 24 hr concierge dock views protected parking

Reception room open plan kitchen 3 bedrooms 3 bathrooms protected parking

Reception room open plan kitchen dining room 6 bedrooms 6 bathrooms cinema room study gym/playroom patio balcony

Reception/dining room kitchen 3 bedrooms (master bedroom with en suite shower room) bedroom 3 with en suite bathroom guest w.c study/office area balcony 2 parking spaces

£650,000 Leasehold £750,000 Leasehold

£6 million Freehold£1.9 million Leasehold

Savills Docklands [email protected] 020 7456 6800 Savills Docklands [email protected] 020 7456 6800

Savills Docklands [email protected] 020 7456 6800Savills Docklands [email protected] 020 7456 6800

savills.co.uk

GainsborouGh house, e14Great Jubilee Wharf, e1W

Waterman buildinG, e14 Cinnabar Wharf, e1W

2 double bedrooms 2 bathrooms (1 en suite) private parking communal gardens 24hr security residential gym and leisure facilities

2 bedrooms 2 bathrooms (1 en suite) reception room terrace balcony parking 24hr porterage river views

3 bedrooms 2 bathrooms (1 en suite) covered parking space private terrace residence gym porterage

2 bedrooms 2 en suite bathrooms exposed brickwork original beams balcony with river views porterage

£495 per week Unfurnished £795 per week Furnished

£1,000 per week Furnished£950 per week Furnished

Savills Canary Wharf [email protected] 020 7531 2500 Savills Docklands [email protected] 020 7456 6800

Savills Canary Wharf [email protected] 020 7531 2500Savills Docklands [email protected] 020 7456 6800

Quick Response from Savills

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with our property information on your smartphone in an instant.

Download a QR reader from your app store and you’ll be able to scan

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Savills Canary Wharf Savills Wapping4 Westferry Circus 80 Wapping High StreetLondon E14 4HD London E1W 2NE020 7531 2500 020 7456 [email protected] [email protected]

savills.co.uk

3474 Canary Wharf | Wapping QR Ad.indd 1 15/04/2011 16:06

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Sales

www.kingsturge.co.uk Canary Wharf Office - 020 7715 9700 [email protected]

With London offices in Knightsbridge, Canary Wharf, Blackheath and Greenwich

Ability Place, London, E14 £349,950A lofty 15th floor one bedroom apartment offers stunning views and two sunny balconies accessible from both the living area and the bedroom. Finished to a high standard benefits include full leisure facilities and 24hr concierge.

Langbourne Place, London, E14 £795,000Stunning three bedroom, two bathroom duplex penthouse with an abundance of outside space, luxury bespoke finishes and spectacular river views. Secure parking / located close to Mudchute DLR.

New Providence Wharf, E14 £475,000Stunning large, 2nd floor two bedroom apartment in a peaceful, riverside setting offering on site, state of the art gym and waterside pool. The apartment boasts a high specification, luxury bathrooms and a contemporary style kitchen, as well as a secure parking space.

Pan Peninsula, London, E14 £650,000A highly desirable 29th floor luxury two bed presented in immaculate condition with parking. The development has 24hr concierge, gym and spa facilities and is regarded as the the premier block in the area. Situated next to South Quay DLR station and only a short walk to the extensive amenities of Canary Wharf.

The Oxygen E16 £419,995A two bedroom immaculate apartment with well-proportioned rooms and a private balcony, Bosch kitchen appliances, wooden floors and floor-to-ceiling windows. Located adjacent to Royal Victoria DLR station, the Oxygen is a high specification development with a concierge and close to the Excel exhibition centre, home to many of the London Olympic events.

Neutron Tower, London, E14 £315,000Situated adjacent to East India DLR station this two bedroom two bathroom river facing apartment is ideal for investors or first time buyers. Open plan kitchen/lounge with access to direct river facing balcony. Concierge and gym. Earliest viewings recommended.

Waterman Building, E14 £1,799,950A spectacular four bed, three bath duplex penthouse boasting over 2220sqft of internal space, with unparalleled views from four stunning terraces. Bespoke finishes throughout provide unique living accommodation quite unlike any other. Superb location. Viewing highly recommended.

Ontario Tower, London, E14 £510,000An 11th floor spacious 2 bed luxury apartment offering river views from full floor to ceiling glazing. Includes state of the art leisure facilities, pool and spa and 24hr concierge service. Easy walking distance of Canary Wharf and it’s transport links, shops, bar and restaurants.

Ontario Tower, London, E14 £245,000A luxurious, bright and spacious 14th floor studio apartment featuring floor to ceiling windows and state of the art on-site facilities including: concierge, gym, pool & spa. This studio suite in Ballymore’s prestigious Ontario tower faces west and boasts luxury specification.

a

Lettings

Ontario Tower, E14 £300pwThis stunning studio apartment is situated on the 13th floor of the prestigious Ontario Tower building and features solid wood flooring, comfort cooling, on-site leisure facilities, lift and concierge services. Blackwall DLR. Available 27th May 2011.

Landmark West, E14 £380pwStunning one bedroom 27th floor north facing apartment offers views towards Canary Wharf. 24hr concierge, and gym. Close to Heron Quay DLR and Canary Wharf Jubilee Line. Available now fully furnished to the highest standard.

Constable House, E14 £395pw

Beautifully furnished, spacious two bedroom, two bathroom apartment available to rent on the 2nd floor of Canary Central. Situated close to South Quay DLR station and Canary Wharf. Available June 2011 fully furnished with secure parking.

www.kingsturge.co.uk Canary Wharf Office - 020 7715 9700 [email protected]

With London offices in Knightsbridge, Canary Wharf, Blackheath and Greenwich

Ability Place, E14 £500pwBright and spacious 13th floor two double bedroom, two bath apartment with luxury fixtures and fully furnished to the highest standard. Secure parking, 24hr and gym. Close to South Quay DLR and Canary Wharf. Early viewing recommended.

Keepier Wharf, E14 £1300pwStunning apartment, offering three double bedrooms, three bathrooms and amazing dual aspect views of Canary Wharf and the Thames. Presented fully furnished in excellent condition with secure parking. Easy access to Limehouse DLR and Canary Wharf.

Arran House, E14 £550pwStunning and spacious three bedroom apartment located on the third floor of this contemporary development with large balcony. The apartment boasts dock, river and Canary Wharf views and has allocated parking and a garage.

Landmark East, E14 £1,400pwStunning three bedroom 37th floor apartment with breathtaking views towards the River Thames and London skyline. Luxury finishes, 24hr concierge and gym. Close to Heron Quay DLR and Canary Wharf Jubilee Line. Available immediately.

A bright and spacious 6th floor one bedroom apartment with partial river views and ample built in storage. Luxury fixtures and fittings and Juliet balcony. Available fully furnished with secure parking, May 2011. Early viewing recommended.

Fantastic two double bedroom apartment available from 10th April 2011 to 20th June in the sought after Millenium Harbour development. Spacious living area with full river views. Fully furnished, 24hr concierge and residents gym.

Eaton House, E14 £425pw

Pierpoint Building, E14 £750pw

SHORT LET

Estate Agents | Land & Development Consultants

Sales

www.alanselby.co.uk

Arran House, E14 £429,995Nestled on the north bank of the River Thames directly opposite the o2 arena this spacious

two bedroom 1st floor apartment offers reception room with balcony giving spectacular

views straight down and across the river towards Greenwich, separate kitchen, en-suite

shower room to the master bedroom and bathroom. The development itself is situated

500 metres from The Canary Wharf business complex.

020 7519 5900 | [email protected]

Lothbury, EC2R £1,100,000A rare opportunity to own a luxury home in one of the most exclusive addresses in Europe.

This unique 2 bedroom Grade II * Listed apartment is located opposite the bank of England

in the City. Arranged over 3 floors, with mezzanine sitting room and open plan living/dining

area that leads to a state of the art kitchen. The fabulous master bedroom boasting a stylish

en suite bathroom, this really would make an idyllic residence within our financial capital.


Frans Hal Court, E14 £329,995Offering stunning views over the River Thames this 2 bedroom 3rd floor apartment

with accommodation comprising reception room with balcony, separate kitchen,

master bedroom with cloak room/utility room (formerly en-suite shower room) and

Shower room. The development itself offers a security guard, parking and is situated

approximately 650 metres from Crossharbour DLR station.


Lanterns Court, E14 £284,995A selection of brand new one bedroom apartments set within this stunning new

development, approximately 300 metres from South Quay DLR station and within 500

metres of the Canary Wharf business complex. Lanterns Court also boasts fantastic

leisure facilities of its own and a 24 hour porter. Completion due for May 2011.


www.alanselby.co.uk

Estate Agents | Land & Development Consultants

Lettings

Balearic Apartments, E14 £395PWSituated in the popular Custom House area is this spacious two bedroom

apartment. With stunning views through floor to ceiling windows of the o2 and

Canary Wharf skyline. The apartment also comes with a balcony, furnished and is

available immediately.


Pilgrims Mews, E14 £550PWA superb townhouse offering 3 bedrooms, 2 bathrooms, 1 being en-suite, fully fitted

kitchen with French doors leading onto a decked garden overlooking a bird sanctuary,

2 parking spaces and a single car garage, Offered furnished.


Switch House, E14 £320PWA spacious two bedroom, two bathroom apartment with separate fitted kitchen

and access to a balcony, the apartment is offered fully furnished and is available

immediately, the development offers concierge and is close to East India DLR station.


Schooner Close, E14 £385PWA spacious 2 bedroom ground and 1st floor duplex apartment offering reception/diner,

modern separate kitchen, en-suite to the master bedroom, bathroom, garage with

additional parking space and low maintenance rear garden. Located within 650 metres

of Crossharbour DLR station, 680 metres of Island Gardens DLR and approximately

0.85 miles of the Canary Wharf business complex.


020 7538 9250 www.lourdes-estates.comLourdes Estate Agents, 94-96 Three Colt Street, Limehouse, London, E14 8AP

Medland House, Limehouse, E14• Penthouse apartment• Large terrace• Secure underground parking• Marina views£629,950

SOLD

Fleet House, Limehouse, E14• Two double bedrooms• Two bathrooms• Parking• Marina views£399,950

SOLD

Lamb Court, Narrow Street, E14• Two double bedrooms• Two bathrooms• Secure underground parking• Balcony£349,950

SOLD

Shackleton Court, Isle Of Dogs, E14• Direct river views• Two bedrooms• Two bathrooms• Balcony£335,000

SOLD Actions speak louder

than words.

Contact our sales teamtoday for a free, no

obligation valuation.

Neutron Tower, Virginia Quay, E14• Two double bedrooms• Large balcony• River views• 11th �oor£375,000

SOLD

Chinnocks Wharf, Narrow Street, E14• Two bedrooms• Two bathrooms• Direct river views• Balcony£525,000

SOLD

Millennium Harbour, South Quay, E14• Two bathrooms• Two bedrooms• River views• Balcony£449,950

SOLD

Millennium Drive, Isle Of Dogs, E14• One double bedroom• Secure car parking• River views• Refurbished throughout£275,000

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02075389250 www.lourdes-estates.comLourdesEstateAgents,94-96ThreeColtStreet,Limehouse,London,E148AP

Hutchings Wharf, Isle of Dogs, E14• Three double bedrooms• Two reception rooms• Two bathrooms• Two balconies£499,950

New Providence Wharf, E14• Premier apartment• Two double bedrooms• Wrap-around terrace• Parking space£994,999

Neutron Tower, Virginia Quay, E14• Two double bedrooms• Two bathrooms• Penthouse apartment• Secure parking£650,000

Dundee Court, Limehouse, E14• Two bedrooms• Recently refurbished• Fully fitted kitchen• Garage and secure parking space£339,950

Proton Tower, Virginia Quay, E14• One double bedroom• Balcony• River views• 24 hour concierge£275,000

Dundee Wharf, Limehouse, E14• Two double bedrooms• Two bathrooms• Large reception• Secure underground parking£564,950

Manchester Grove, Isle of Dogs, E14• Two double bedrooms• New kitchen• Front and rear gardens• Close to DLR£339,950

Chinnocks Wharf, Narrow Street, E14• Two double bedrooms• Two bathrooms• Direct river views• Secure underground car parking£549,950

Malting House, Limehouse, E14• Two double bedrooms• Stunning Views• Close to DLR station• Large reception£227,500



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02075389250 www.lourdes-estates.comLourdesEstateAgents,94-96ThreeColtStreet,Limehouse,London,E148AP

Medland House, Limehouse, E14• Two bedrooms• Two bathrooms• Marina views• Secure parking£450 per week

Phoenix Wharf, Narrow Street, E14• Two bedrooms• Two bathrooms• River views• Fully furnished£600 per week

Basin Approach, Limehouse, E14• Three/four bedroom house• Three bathrooms• Three balconies• Marina views£1000 per week

Ocean Wharf, Canary Wharf, E14• Duplex penthouse• Three bedrooms• Three bathrooms• River views£1100 per week

The Watergardens, E14• Two bedrooms• Two bathrooms• Two balconies• Secure parking£475 per week

The Watergardens, SE16• Two bedrooms• Two bathrooms• Secure parking• 24 hour concierge£395 per week

New Providence Wharf, E14• One bedroom• River views• Leisure facilities• Fully furnished£375 per week

Seacon Tower, Westferry Road, E14• One bedroom• River views• Leisure facilities• Fully furnished£330 per week

Lanterns Court, South Quay, E14• One bedroom• Fully furnished• 24 hour concierge• Close to Canary Wharf£330 per week

2011-04-19 17:06:58 94.126.43.186

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020 7407 [email protected]

T O W E R B R I D G E

The Okewood Hill Estate Nr Cranleigh RH5A magnificent 16,000 sq ft Grade II Listed country estate in a sought after location with 21st century technology. The current owner hascarried out extensive renovation work whilst retaining the original Tudor designs, with magnificent oak timberwork and flagstone flooring.The property benefits from an office suite with substantial staff accommodation, a two bedroom cottage and grounds of approx. 21 acres

entrance hall | 3 reception rooms | 6 bedrooms (3 en suite) | 2 further bathrooms | 35 ft kitchen/breakfast room | rear entrance hall/study | indoor

swimming pool | gym | sauna | music gallery | home cinema | stables stores | tack room | sand school | 2 lakes | helipad | paddocks

Offers in the region of £12,000,000 freehold

2011-04-19 12:56:13 94.126.43.186



W A P P I N G

Cormorant Lodge St Katharine Docks E1WA stunning penthouse apartment (approx. 2,839 sq ft) with panoramic views over St. Katharine Docks and Tower Bridge. This luxuryapartment has excellent living and entertaining space, complete with a fully integrated audio, visual, surround sound and home cinema.Cormorant Lodge is ideally located for access to the City, West End, Canary Wharf and London City Airport

entrance hall | reception room | cinema room | 3 double bedrooms (2 en suite bathrooms) | shower room | kitchen/breakfast room | utility room |24hr concierge | 2 secure underground parking space | 4 terraces | balcony

Guide price £3,750,000 share of freehold

2011-04-19 17:06:58 94.126.43.186



T O W E R B R I D G E

The Okewood Hill Estate Nr Cranleigh RH5A magnificent 16,000 sq ft Grade II Listed country estate in a sought after location with 21st century technology. The current owner hascarried out extensive renovation work whilst retaining the original Tudor designs, with magnificent oak timberwork and flagstone flooring.The property benefits from an office suite with substantial staff accommodation, a two bedroom cottage and grounds of approx. 21 acres

entrance hall | 3 reception rooms | 6 bedrooms (3 en suite) | 2 further bathrooms | 35 ft kitchen/breakfast room | rear entrance hall/study | indoor

swimming pool | gym | sauna | music gallery | home cinema | stables stores | tack room | sand school | 2 lakes | helipad | paddocks

Offers in the region of £12,000,000 freehold

2011-04-19 12:56:13 94.126.43.186



W A P P I N G

Cormorant Lodge St Katharine Docks E1WA stunning penthouse apartment (approx. 2,839 sq ft) with panoramic views over St. Katharine Docks and Tower Bridge. This luxuryapartment has excellent living and entertaining space, complete with a fully integrated audio, visual, surround sound and home cinema.Cormorant Lodge is ideally located for access to the City, West End, Canary Wharf and London City Airport

entrance hall | reception room | cinema room | 3 double bedrooms (2 en suite bathrooms) | shower room | kitchen/breakfast room | utility room |24hr concierge | 2 secure underground parking space | 4 terraces | balcony

Guide price £3,750,000 share of freehold

newhomes

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T he basic issue for new buyers is how to raise the deposit to purchase your first home, and it’s not easy. Minimum deposit required by lenders is ten per cent, which means,

typically, finding between £10-25,000 depending on area and expectations.

According to the Council of Mortgage lenders, 80 per cent of all under-30s now need help from family to buy their first property. So, if you can’t save quickly enough, what are the options?

Well, first port of call is ‘The Bank of Mum and Dad’ who might be in a position to gift a deposit, either through their own wherewithal, or raising funds from the equity of their own property.

Grandparents can also prove willing to help by utilising an equity release scheme from their homes, which is proving increasingly popular (especially with the grandchildren), but also with the older generation who tend to regard the gift as a ‘living will’. They themselves will require expert advice if they wish to help in this manner.

Some lenders have started to introduce guarantor schemes, supported by a close family member, again criteria is tight, but will work for the right case.

The government has also introduced various shared equity schemes via housing associations, the details of which can be found on www.direct.gov.uk. Not all lenders support all the schemes and there seems to be an issue with consistency of government funding as it is not always available.

Most lenders will allow up to four applicants for a single mortgage, so friends, relatives or colleagues could get together. However, lenders are, understandably, wary of such arrangements, as circumstances can change rapidly, leading to the commitment being compromised.

There is no disguising the fact that buying your

Ron Radway discusses some of the problems, and solutions, facing first

time buyers

geTTing on

first property is very difficult, in fact, it always has been, it’s not just a modern phenomena, but at least the above ideas may give a glimmer of hope. As does the news that the chancellor has raised the stamp duty threshold to £250,000 for first time buyers, which can only prove helpful.

See below for some frequently asked questions from first time buyers.

Q: I am a First Time Buyer, and have been rejected for a mortgage on the grounds of poor credit score, however, I have never borrowed from anywhere before, so could not possibly have any payment problems. Is this right?

A: Unfortunately, yes! You are yet another unwitting victim of credit scoring. The lender’s issue is not that your payment profile is poor, you simply don’t have one at all, so they can’t make a judgment. The solution is to open a credit card, and re-apply for a mortgage in a few months. I’m not advocating you run up a debt, but use the card and ensure you clear the balance monthly and promptly, and that will raise your score immeasurably.

Q: I am about to retire, the term of my mortgage ends at the same time, but I still have capital owing on it. Will the lender extend the Term?

A: Quite probably, although they might not. In the first instance you should consult with your lender, and if they should prove unhelpful, there are others who offer plans that run after retirement. If depleted income in retirement is an issue, you might want to consider equity release, for which you will need specialised advice. n

Ron Radway is a mortgage consultant for OneCall Financial Advice Centre. For further information, visit www.onecallonline.co.uk or call 0203 174 0422

the ladder

www.liferesidential.co.ukSales | Lettings | Corporate Services | Property Management

London's Finest Properties

LETTINGS SALES

Idaho Building,Deals Gateway, SE13 • Two Bedroom Apartment• Available Unfurnished• 6th Floor• Balcony• Allocated Parking• Nr. Deptford Bridge DLR

£300.00 per week

New Providence Wharf, Canary Wharf, E14• One Bedroom/One Bathroom• Highly Prestigious Development• Quality Fixtures And Fittings• 24 Hour Concierge• Gym & Swimming Pool

£269,950

The Landmark, West Tower, E14 • One Bedroom Apartment• Fully Furnished• 8th Floor• 24hr Concierge Service• Onsite Gymnasium• Nr. Blackwall DLR

£355 per week

Galaxy Building, Isle Of Dogs, E14• 2nd Floor• Extremely Large And Spacious Apartment• Balcony With River Views• Close Proximity To Canary Wharf And

Transport Links• Secure Underground Parking

£309,950

Westgate Apartments, Excel, E16 • Two Bedroom Apartment• Fully Furnished• 11th Floor• Onsite Gymnasium• Concierge Service• Nr Custom House DLR

£355 per week

Lanterns Court, Canary Wharf, E14• Brand New Luxury Apartments• A Selection of 2 and 3 Bedroom Apartments

• Walking Distance to Canary Wharf• Concierge Service• www.lanterns-court.co.uk

Starting from £350 per week

New Providence Wharf, Canary Wharf, E16• Two Bedroom Apartment• Fully Furnished• 11th Floor• Balcony• Including Parking• 24hr Concierge Service£495.00 per week

Mulberry Court,Cable Street, E1• A Selection of 1,2 & 3 Bedroom Apartments• Furnishing Available• Short Walk from the City of London• Parking Available• Nr Shadwell St.

Starting from £315 per week

Docklands020 7476 0125

West London020 8896 9990

Deptford & Greenwich 020 8692 2244

Central London020 7582 7989

Finchley020 8446 9524

New Providence Wharf, E14• 4th Floor• Stunning Riverside Development• Two Bedroom/One Bathroom• Balcony• Valet Parking• Moments From Dlr And Jubilee Line

£410,000

New Providence Wharf, Canary Wharf, E14• Stunning 10th Floor Apartment• Uninterrupted River Views, Front & Rear• Excellent Condition Throughout• Secure Underground Parking• 24hr Concierge And Exceptional

Leisure Facilities

£570,000

No 1 Pepys St, Tower Hill, EC1• 4th Floor• Spacious One Bedroom/One Bathroom• Exceptional Order Throughout• Secure Allocated Parking• Fully Furnished• Porterage£435,000

Gainsborough House, Canary Wharf, E14• 5th Floor One Bedroom/One Bathroom• Popular Development• Moments From South Quay DLR And

Canada Square• Residents Only Leisure Facilities• 24hr Porterage

£269,950

REDINGTON ROAD NW3 A striking newly constructed four/five bedroom detached house (6,002 sq ft) of contemporary design.

The house is arranged over four floors and provides extensive reception space over both the ground and garden levels with an open plan living/kitchen/family area of some 2,500 sq ft leading directly out on to the patio and garden as well as an indoor swimming pool.

£7,650,000 | freehold

REsIDENTIAl sAlEs REsIDENTIAl lETTINGs PROPERTY mANAGEmENT

DPS RIGHT 262002_CWharf_TK_MAY11.indd 1 18/04/2011 14:59

Hampstead VILLaGe NW3A five bedroom mid terraced Victorian house (2,321 sq ft), which has recently been sympathetically restored and refurbished with flair and is located in this desirable road in the centre of Hampstead Village.

The house is further enhanced by a landscaped tiered patio garden and is superbly located off Hampstead High Street.

£2,950,000 | freehold

20 HeatH stReet Hampstead VILLaGe LoNdoN NW3 6te


REDINGTON ROAD NW3 A striking newly constructed four/five bedroom detached house (6,002 sq ft) of contemporary design.

The house is arranged over four floors and provides extensive reception space over both the ground and garden levels with an open plan living/kitchen/family area of some 2,500 sq ft leading directly out on to the patio and garden as well as an indoor swimming pool.

£7,650,000 | freehold

REsIDENTIAl sAlEs REsIDENTIAl lETTINGs PROPERTY mANAGEmENT


Hampstead VILLaGe NW3A five bedroom mid terraced Victorian house (2,321 sq ft), which has recently been sympathetically restored and refurbished with flair and is located in this desirable road in the centre of Hampstead Village.

The house is further enhanced by a landscaped tiered patio garden and is superbly located off Hampstead High Street.

£2,950,000 | freehold

20 HeatH stReet Hampstead VILLaGe LoNdoN NW3 6te


RiverHabitat.co.uk

BelgRave CouRt, e14Two bedroom aparTmenT wiTh sTunning river views and Terrace

n Outside Terracen Second bedroom ideally a single or use as a study n Balcony overlooking the rivern Furnishedn Circa 930 Sq. Ft.

£600 pw

WeStCoMBe PaRK RD, BlaCKHeatH, Se3a fanTasTic four double bedroom house close To greenwich park

n Four Double Bedroom Semi-Detached House n Large Open-Plan Kitchen to Lounge/Dinen Long Rear Garden of Circa. 80 Ft.n Front Driveway with Parking for 2 Carsn Heart of Blackheath. Available 14th of July.

£2,800 pcm

River Habitat

• [email protected] • T: 020 7791 9830 • F: 020 7791 9831 • The Suite LG. 655 Commercial Road, Limehouse, London E14 7LW

BelgRave Ct, CaNaRY RIveRSIDe, e14a superb unfurnished Three double bedroom flaT

n 1,843 Sq. Ft, Wooden Floors Throughoutn South and West Facing Receptionn 3 Double Bedrooms, 3 En-Suite Bathrooms and Cloakroom n Portered Building, 24 Hour Security.n Available Unfurnishedn Underground Car Parking Space

£1,050 pw

eatoN HouSe, CaNaRY RIveRSIDe, e14a beauTiful one double bedroom flaT

£480,000 LEASEHOLD

n 859 Sq. Ft. with Balconyn South Facingn Double Bedroom, Good Sized Reception, Bathroom, Cloakroomn One Underground Car Parking Spacen High Spec including Coil Fan Heating and Cooling Systemn Portered Building, 24 Hour Security

HOMESnew

Development Focus Penthouse Living, city styLe

� Property LatestcooL neighbourhoods on the rise

Your essential guide to new local developments. Read up to the minute

information about star apartments, good investments, yet to be launched

to the market properties, and the best in innovative design, architectural excellence and chic, city style. This

dedicated section covers luxury projects throughout Blackheath, Camberwell, Dulwich and other

select areas of South East London.

newhomes

Discover the next uber-trendy neighbourhood and, as well as being ahead of the pack, buy early enough and you can really cash in. However, tread carefully, the next big thing can become so last year in about the time it takes a model to walk down the catwalk during Fashion Week. Or it may never live up to the early hype that surrounded it.

It can be difficult to spot the next up-and-coming area: London is such a large, sprawling metropolis that several neighbourhoods are always going in and out of fashion simultaneously. However, by doing a bit of research, you can use the ever-changing property market to your advantage.

Peckham is currently a contender. It has come a long way from ‘Only Fools and Horses’ and is set to really benefit from transport extension work linking it to the new East London Line in the next few years. However, at the moment is still relatively cheap and full of

Licensed estate agents heLping customers win

Estate agent Barton Wyatt is one of the first UK agencies to receive its license from the National Association of Estate Agents (NAEA).

A licensed estate agency guarantees that at least one person within each office is qualified in residential property sales, either through a formal qualification or through length of membership through the NAEA. This qualification requirement is unique to NAEA licensed estate agents - the only license of its kind in the UK property industry. Barton Wyatt have five qualified members of staff.

At its launch in the House of Commons in November 2010, the licensing scheme was given the backing by Grant Shapps, Housing Minister and Alison Seabeck, shadow housing minister. “We are focused on providing a high calibre service to our sellers and buyers, and being a founder licensed estate agent shows our commitment to remaining one of the best estate agents in the country,” says James Wyatt, partner of Barton Wyatt.

By Ben West

independent shops and restaurants, and some funky little bars too.

Public relations consultant Lana Wrightman opts for Bethnal Green and London Fields: “Although I’m in danger of sounding like Kevin the Teenager, Hoxton and Shoreditch are so over! Hoxton and Shoreditch are so expensive now. The truly trendy types are leaving and moving to Bethnal Green and London Fields.

“Alexa Chung and her Arctic Monkey boyfriend have a place in Bethnal Green and the area around Columbia Road, known as the Jesus Green estate, is seriously hip. Bethnal Green has just got its first boutique hotel, Town Hall Hotel in the former town hall, appropriately enough. London Fields is arguably even cooler and slightly more established.”

Says Kevin Green, lettings manager at agent Keatons branch in Hackney: “There’s currently massive demand for rental flats in London Fields. If I had a flat today I’d rent it out immediately.”

Neighbourhood oN treNd

ProPerty Latest

155

Improvements in the lettings market have led to a serious shortage of properties to rent and agents are finding that they can only offer a handful of properties to as many as hundreds of applicants.

“The rental market is very strong, possibly the strongest ever with interest rates low, rents high and a massive shortage of properties,” says Andrew Dillon of Midas Lettings, part of Midas Estates. “It’s a great

time to be a buy-to-let landlord.”Properties in the right areas

suitable for students are especially doing well. Agents are finding that students are looking earlier and earlier and it is not unusual for them to start viewing properties in November or December to let properties for September the following year. Student rental rates are increasingly getting near to rates for the professional market.

ProPerty shortage

Lett RoadTwo stunning penthouses with a large and spectacular communal roof terrace, views over the Olympic stadium, and across to the City and Canary Wharf, are currently on the market for £795,000. The development by Thornsett Group is situated in the heart of Stratford, only minutes from Stratford’s tube station.

Currell 020 7226 6611www.currell.com

Indescon couRt This development is a set of studio, one, two, three and four-bedroom apartments in the heart of Canary Wharf. Each apartment is finished with premier fixtures and fittings, fully integrated kitchens and luxurious bathrooms and benefits from 24-hour porterage, underground parking, a communal plaza and garden roof terrace, gymnasium, health club and a great array of shops and restaurants nearby.

Foxtons020 7973 202www.foxtons.co.uk

Rental maRket RecoveRyFirm evidence of the ongoing strength of London’s prime rental market was in evidence recently, as Knight Frank in Canary Wharf reported that rents rose by more than 20 per cent in the 18 months to March this year.

This reflects a huge improvement since mid-2009, when the market was suffering from massive oversupply and weak tenant demand.

Partner at the Canary Wharf Lettings office, Vanessa Evett-Beesley, says: “Aiding this growth is the fact that the volume of available rental properties has fallen considerably, by almost 20 per cent over the 12 months to March this year, compared to the previous year. Demand from tenants has held relatively firm, set against this weakening of supply.”

The reason for this resilience in tenant demand relates to the fact that employment conditions in central London are much healthier than they were 18 or even 12 months ago. Morgan McKinley, the City recruiter, reports job vacancies have increased by 27 per cent over the past year.

“Limited stock means that there are a large number of prospective buyers who are still locked out of owner-occupation and renting is their only alternative. While central London sales are outperforming the UK market, even here sales volumes over the past 12 months have been a third lower than they were in 2007,” adds Vanessa.

newhomes

DEVELOPMENT FOCUS

Bézier is one of London’s most important

new apartment deveLopments, offering a

high standard of design and specification

in an area cLose to cuLturaL shoreditch

and the heart of the city

City Central

R esidents of the newly completed Bezier development are completely connected to everything London has to offer - just five minutes’ walk from Finsbury Square, Bézier is next-door to Old Street Underground

station, with car club access in the surrounding streets.The curved Bézier building has been designed to

contrast to and compliment the red-brick buildings surrounding it, and the architecture echoes its name. ‘Bézier’ derives from a mathematical equation used to engineer smooth curves, and so the figure-eight of the tower has a sweeping curved frontage with full height glazing and balconies on almost every floor.

Inside the lobby, with its stylised lamps and smoked-glass mirrors, the concierge greets residents and acts as a porter, guide and first port of call for any queries, at residents’ service 24 hours a day. Two lifts are available to take you up to your apartment, or right up to the roof with its large landscaped terrace. This garden, one of two communal open spaces within Bézier (the other is a secluded courtyard), has spectacular views across the City and towards many of London’s other landmark buildings - and is the perfect place to spend time on summer evenings.

The private gym, sauna and steam room complex are on the lower ground floor, where you can work out or relax; the leisure space is equipped with cross trainers, bikes, treadmills and weights, and there are male and female showers and changing rooms.

The development’s attention to detail is apparent in the apartments themselves, which give the feeling of the city’s buzz while also being light, peaceful and comfortable spaces. All have strikingly curved floor-to-ceiling windows, and the majority have glass doors which glide back to join the balcony outside. Inside, the contemporary open-plan kitchens have micro-rib surface units concealing a range of high quality appliances, with white gloss and subtle aubergine stone work surfaces. The bathrooms have sleek black gloss cabinets, illuminated glass shelves, limestone ledges and contrasting black ceramic basins and wide waterfall taps. Reception areas have Italian porcelain tiled floors,

157

which are warmed by under-floor heating throughout. This level of luxury however, is also environmentally friendly - developer Tudorvale has achieved a Code Level 3 in sustainable design, with energy-saving bio-mass boilers as the primary source of warmth, reducing emissions by an estimated 15 per cent.

EC1Bézier’s location is a big part of its appeal. The Old Street hub - dubbed ‘the Silicon Roundabout’ for the creative businesses choosing it as their base - is a pivotal gateway to the City of London. Head north for Islington, east for Shoreditch and Hoxton, south towards the City and west toward the West End.

It is convenient for the bars, cafes and restaurants of Shoreditch, Clerkenwell, Hoxton and the City. Brick Lane, Smithfields market, Hoxton Square, Upper Street in Angel and Columbia Road, with their antiques shops and flower market, are all close by.

Restaurants within a mile radius of Bézier include Jamie Oliver’s Fifteen, The Princess of Shoreditch, and the Eyre Brothers, while the area’s nightlife ranges from cocktails and DJs at bars like Zigfrid, Shoreditch House, and the Big Chill, to live music at Cargo and the Queen of Hoxton.

EC1 is also well-connected for jetsetters, with City Airport and London’s international rail terminus, St Pancras, a 15-minute taxi ride away. n

DEVELOPMENT FOCUS

Star apartmEntThis spring, The Bézier Collection is launching a selection of two-bedroom apartments which includes premier units on the higher floors of the building. The two-bedroom apartments in Bézier are ideal for couples working in the City, who want to be close to the neighbourhood’s bars and restaurants and also to their work.

The star of The Bézier Collection is a two-bedroom, premier apartment, number 109, which offers the height of city living. Both bedrooms are en-suite and have large dressing areas. The centrepiece of the home is the large open-plan kitchen leading onto a reception space which would suit the city professional who likes to entertain. From the balcony there are fantastic views of the new Olympic stadium and of the City, making Bézier the place to live in 2011.

Apartment 109 is available for £1.7m; other two-bedroom apartments start at £715,000

020 7490 1603 www.bezierlondon.com

At the number one address in London’sdocklands we’ve saved our best until last – Prime waterside apartments overlookingCanary Wharf

Finally releasedOur best waterside apartments

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REGISTER YOUR INTEREST NOW BY CALLING 0808 118 3567Baltimore Marketing Suite, 6 Baltimore Wharf, London, E14 9AQ www.baltimorewharf.com

*Prices and availability correct at time of going to press

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Waterside 2 beds starting from £555,000Boulevard 2 beds starting from £370,000Boulevard Studios starting from £265,000*

A Ballymore Development

BPL2054WP 15 Baltimore REVEAL LonHomesPropMAY.qxd:Layout 1 21/4/11 17:14 Page 1

One penthouse

remaining

Photograph taken from Lovell’s at 6.30am

A development by

Call now to book an appointment to view the show apartments020 8090 0276 www.liveatlovells.com

Old Royal Naval College

Built on the historic Lovell’s Wharf site and designed to maximise light and magnificent views along the river, Lovell’s offers a collection of bright, spacious one, two and three bedroom apartments and penthouses with extensive terraces, all finished to an exceptionally high standard and ready to move into now.

Penthouse £835,000*

* Price correct at time of going to print

THE BÉZIERCollection

THE BÉZIER MARKETING SUITEBézier Apartments,91 City Road, London

SHO

RED

ITC

HH

IGH

STHO

XTO

NST

REE

T

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Hoxton

T 020 7490 1603 OPEN 7 DAYS A WEEK

2 BEDROOM APARTMENTSCITY LIVING FROM £715,000

E [email protected] correct at time of going to press. Subject to change. Map is shown only for illustration purposes and is not to scale.

� Studio suites and 1 bedroomapartments available from £350,000

� Situated in Zone 1 within the siliconroundabout regeneration zone

� Minutes from King’s Cross/St Pancras/Eurostar and walking distance fromFinsbury Square

� Apartments ready to occupy

� Only 5 stops to Canary Wharf fromHoxton Overground station

� Within a 20 mins walk or 10 mins tuberide to many of London’s major universities

� 24 hour concierge, gym, sauna andsteam room

� Rooftop gardens with panoramic city views� Strong rental demand and attractive yields

Bezier_A4_CW_MAG_April_2 19/4/11 13:39 Page 1

living local

162

living local

residential sales on the road to recovery

AlAsdAir CArpenter, Company DireCtor of LourDes

estate agents, Comments on the state of the resiDentiaL

property market

State of the market

t he last few weeks have ushered in a brighter outlook not only in the weather but also in the residential sales market. While market data for the wider UK housing economy does

not present encouraging statistics, many parts of London and the South East seem to be bucking the trend. Docklands, for instance, has seen more transactions and a general increase in appetite from prospective purchasers in the last few months.

Seasonality has, and always will be, a major factor in the housing market. For many in Canary Wharf and the City this is the time of year bonuses get paid. It is therefore reasonable to expect an increase in demand for localised property.

However, not only are we seeing an increase in demand but, after a long period of restricted supply, we are now noticing more properties coming to the market. Vendors that have been concerned about the state of the market seem more confident in their ability to secure a buyer.

The agents in Docklands that I communicate with all seem to be reporting a marked increase in the number of transactions they are completing. This happy experience of demand being met by supply is unlikely to continue forever. Ultimately there is still an air of caution amongst property buyers caused by the still vivid memories of the downturn in late 2007. Any major upward surge in prices could cause a sudden cooling in demand in what is still a highly price sensitive arena.

The recent stabilisation in inflation might ease the pressure on the Bank of England to increase the base rate. This will further benefit those with tracker mortgages and those whose mortgage is currently set at the lenders standard variable rate.

For the time being let us just enjoy the welcome change in both the weather and the London property market. n

Lourdes Estate Agents

020 7538 9254

www.lourdes-estates.com

SIGNATURE RESIDENCES INSPIRED BY JACQUES GARCIA

COMPLETION AUTUMN 2011

Visualisation & Branding by SeventhArt

OPPORTUNITY IS RARE.ELEVATE YOUR VIEW.

PIETER VAN NAELTWIJCK - Real Estate Investments - Tel: +377 97 70 70 20 - [email protected] FRANK LLP - Paddy Dring - Tel: +44 20 7629 8171 - [email protected]

shoppingf i n a n c emotoringinteriorspropertyMAY 2011 i s s u e 7 0

HIRSHL O N D O N

www.hirshlondon.com

WEST END 56-57 BURLINGTON ARCADE W1J 0QN T 020 7499 6814 - CITY 9 HATTON GARDEN EC1N 8AH T 020 7831 3333

REFLECTION COLLECTIONHANDMADE IN PLATINUM

Famous for engagement rings

CanaryWharfMaynopics.indd 1 14/04/2011 16:32

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London Homes & Property (East) May 2011