New apartments
attract a crowd
FIRST-TIME buyers flocked to an open day for
new Canary Wharf apartments, hoping that the
shared ownership deveolopment will make a good
initial step on the property ladder.
Dozens of interested parties were at the Indescon
development in Cassilis Road, Millharbour, on
Saturday for a look around the remaining two-bed-
room apartments.
Genesis Housing Group is offering the homes at
prices starting from �80,500 for a 25 per cent
share on a part-buy, part-rent basis that has seen
increasing numbers invest in property.
Sharon Cummings from Genesis Homes says:
"Many first-time buyers think they could never
afford an apartment in London Docklands, let
alone a place so close to Canary Wharf.
"We wanted our open day to show purchasers
that they do not have to pay over the odds for
style, location and comfort."
To be eligible for the scheme, prospective buyers
must be looking to make their first property pur-
chase or acquire their only home. They must earn
less than �60,000 and have savings of about �3,500.
Landlords defend
deposit scheme
TENANCY deposit protection is working �
despite concerns about price increases.
Letting agents are being asked to increase their
subscriptions to the tenancy deposit scheme (TDS)
by more than 20 per cent.
It has led to some disagreements between the
government and agents, but the National
Landlords Association says the current legislation
is working.
David Salusbury, chairman of the NLA, said:
"The NLA believes we need to be careful not to
let the current discussions about TDS price
increases detract from the principal purpose of ten-
ancy deposit protection.
"That is offering legal protection for tenants
where, in the small number of cases, landlords
wrongly withhold all or part of their deposit."
Around 50,000 agents have signed up to the
scheme since its launch in 2006.
Put some fizz into
Valentine's Day
WHILE optimists predict the end of the property
downturn, others are urging caution.
The latest Hometrack house price survey shows
continued positive signs relating to values, the end
of recession and new buyers on the market.
But uncertainty is still the buzz word for 2010,
with so many factors yet to have an effect.
Hometrack director of research Richard Donnell
said: "Growing talk of pressure on earnings,
together with the threat of major cuts in public
spending, are likely to weigh heavily on house-
holds when deciding to buy or sell a home in the
months ahead.
"The prospect of an election in May will simply
add to the uncertainty in the near term and is like-
ly to suppress market activity."
PPrrooppeerrttyy
Wednesday, February 10, 2010
NEWS
THE beginning of the year is a
great time to look for a new
home.
January and February inevitably sees a rush
of sellers looking to place their properties on
the market and many clued-up buyers are also
keen to buy before prices start to increase
during the spring.
The key to success for sellers is to ensure
that their property stands out from the crowd
in order to get the market value for their
homes.
First impressions always count, and the
recession has proved that this is truer than
ever.
The basic rules apply wherever you live,
and a small amount of time and money can
make all the difference.
For purchasers, it really is a buyers' market.
Realistic house prices, set sensibly for a quick
sale, can be a good investment � as long as
you have a decent deposit to secure a mort-
gage deal.
Paul Smith, chief executive of Felicity J
Lord, says: "In terms of types of property,
because of the glut of new apartments on the
market it is those with family homes to sell in
the region that will boom in 2010.
"This year should see a slow and gradual
strengthening of the London property market
as well as continued success in the lettings
industry."
Adam Wolfryd
Branch partner
Felicity J Lord, Canary Wharf
Tel: 020 7987 6776
Email: adam.wolfryd@fjlord.co.uk
By Adam
Wolfryd of
Felicity
J Lord,
Canary
Wharf
Property
Matters
Time to buy
before the
prices start
increasing
Any news
for us?If you have a property story,
contact John Hyde on 020 7791 7777
or john.hyde@archant.co.uk
T
HIS stunning penthouse
apartment has river
views from all rooms.
Boasting three bedrooms and two bath-
rooms, the property also has a south-facing
reception with a high wooden-beamed
vaulted ceiling. Above this is a roof terrace
with breathtaking panoramic views over
the Thames.
There is secure underground parking and
an day concierge at the building, which is
located in Jardine Road within a quarter of
a mile of Limehouse DLR station.
The property is on the market for
�699,950.
For more details or to arrange a viewing,
contact Allen Scoot of Rubicon London
Estate Agency on 020 7510 9978 or by
email to allen.scoot@rubiconlondon.com.
Look out from luxuryLook out from luxury
For more details and photos visit .co.uk 27

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