3 bedroom flats in London in short supply

Flats in E5, flats in NW6, flats in SW8, whichever postcode you search in the Capital, there appears to be a chronic shortage of houses and flats in London.

There is a particular scarcity as far as larger 3 bedroom flats in London are concerned, due to the insufficient volume of family housing in the city. Many families tend to opt for 3 bedroom flats, as they are generally cheaper than 3 bedroom houses in London, where property prices are sky-high.

Yet instead of increasing the supply of flats in E5, NW6, or SW8, among other areas, the signs are that the supply of new build homes, including 3 bedroom flats in London, will virtually grind to a halt in the short-term, due to government cuts. This is despite the fact that house building levels are currently at an 80-year low.

A new report which has been released by The National Housing Federation says that the number of new affordable housing being built this year could slump by a whopping 65 per cent with all housebuilding, including private developer construction, drastically decreasing. Funding cuts and changes to the planning system by the government mean that just 20,390 new homes are scheduled to be built nationwide in 2010.

This means fewer 1, 2 and 3 bedroom flats in London. Which means less flats in E5, NW6, SW8, and so forth.

Bob Weston, head of Weston Homes, says: “With grants and funding for the RSLs [Registered Social Landlords] being drastically cut back… housing associations will not be able to place affordable housing with private developers unless the government is flexible about revisiting the housing association element and [housing] schemes will be mothballed or just not start."

Weston believes that all these cuts and changes are likely to have a “catastrophic impact on the housing market”. This will naturally reduce the supply of 1, 2, and most importantly, 3 bedroom flats in London – most urgently needed by families.

To reduce the supply of much needed 1, 2, and 3 bedroom flats in London is not the way to handle lengthy housing lists consisting of millions of people. This is not the way to assist more people and families currently priced out of buying 1, 2, and 3 bedroom flats, in their efforts buy flats in E5, NW6, SW8, and wherever else in the Capital.
Fortunately, there are still some new 3 bedroom flats being built, including flats in E5, NW6 and SW8, and their surrounding areas.

A2dominion has released a collection of new flats near E5, as part of a new build development called Indigo in Hackney. The project features a delightful selection of homes, including much needed 3 bedroom flats in London. These flats start from £365,000 to buy.

Vision Homes has also released a number of new flats in E5, as part of its Paradise Park project, which offers some of the most striking 1, 2, and 3 bedroom flats in London, These E5 flats start from £189,950 to buy.

Some of the newest 3 bedroom flats in London are located in Fortune Green, NW6, where a new build home development has just been completed. Designed by award winning architect Piers Gough of CZWG, this long awaited development features some of the latest 1, 2 and 3 bedroom flats in London, many with balconies, and others with wrap around terraces overlooking Fortune Green. Prices start from around £395,000.

Berkeley Homes has released some new 3 bedroom flats at its Chelsea Bridge Wharf development in SW8. The residential project benefits from a prime Central London location, with various leisure facilities, innovatively designed for refined city living. These 3 bedroom flats in London start from around £750,000.

Despite the new build homes currently being constructed and made available to buy, it cannot be denied that more new build houses and flats are needed, particularly 3 bedroom flats in London.

- Author Calvin Jesse

View Source: Paradise Park – 3 bedroom flats London & Flats E5

New Flats in Clapton Ideal for First Time Buyers

Flats in Clapton, among other parts of the London Borough of Hackney, are perfect for people seeking to escape the hustle and bustle of Prime Central London, but remain within close proximity to the City, if the recent Clapton flat and house market trend is anything to go by.

New build property developments featuring houses and flats in Clapton and other parts of Hackney are proving highly popular with people buying houses and flats. Clapton, like much of Hackney and the wider parts of East London, has seen a real gentrification in recent years, thanks partly to the area’s successful bid to host the Olympic Games in 2012.

Owning houses and flats in Clapton is generally popular due to the residential nature of the area, not to mention its commutable distance to London. There are excellent transport connections with further improvements from the North & East London Line extensions. Kings Cross is accessible in 10 minutes.

However, buying competition for houses and flats in Clapton and the wider Hackney area has intensified in recent months, as more property investors move into the area, in anticipation of greater property price growth and higher rents, in the run-up to the Olympic Games.

According to property portfolio management service the Young Group, a staggering nine out of 10 buy-to-let landlords in the capital believe the value of homes in the city will increase over the course of the next year or hold steady for the remainder of 2010.

Property values in Hackney, and particularly prices of houses and flats in Clapton are tipped to rise, due to the construction of the Olympic Village on the other side of the Lea Valley. Some investors believe that parts of Clapton could match the success of other improved areas, such as Victoria Park within the next few years.

Spacious family homes, such as Victorian terraces and large flat conversions, tend to dominate the Clapton area, but more new Clapton flats are being built in order to help overcome the supply-demand imbalance of houses and flats in Clapton, and the wider Hackney area.

Following a flurry of sales of new build flats in Clapton and bordering areas in recent months, new home developers have been falling over themselves to release fresh waves of new build houses and flats in Clapton and its surrounding areas. This has been necessary in order to meet the increasing demand for houses and flats in Clapton and its nearby districts.

Housebuilder Berkeley Homes has released a selection of one- two- and three-bedroom flats and penthouses with balconies or terraces in a development called City Waterside, overlooking the New River and providing views across the West Reservoir and the City beyond. The new flats are part of the Woodberry Park project in Hackney. Each flat has been carefully considered to ensure that each benefits from their own outside space along with a high specification throughout. Prices start from £214,950.

Vision Homes has released a number of new Clapton flats, as part of its Paradise Park project. The two-acre site built around the former Paradise Dock, has raised residential architecture to a new level, certainly as far as flats in Clapton are concerned. The Clapton flats project features 132 homes in total. These new flats in Clapton start from £189,950.

A2dominion has released a collection of new flats, as part of a new build development called Indigo - a highly distinctive landmark building - in the midst of Hackney's renowned conservation area. Indigo offers a collection of one-, two- and three-bedroom stylish flats that appeal to both trendy Londoners and young families alike. Indigo is minutes away from ultra-trendy Shoreditch and Hoxton. Flats start from £365,000.

The recent improvement in Hackney and Clapton in particular, is a genuine success story, as a consequence of London’s successful bid to host the Olympic Games in 2012. As a result, new build Clapton flats are now among the most sought after in East London.

- Author Calvin Jesse

View Source: Paradise Park – East London Property