Nationwide’s latest index showed annual house price inflation has eased from 9.9% in the second quarter of 2016 (April to June) to 7.1% in the quarter July to September 2016. These were still above the national average of 5.4%. Prices have risen by 1% in the third quarter of 2016, roughly a quarter of what was achieved in the summer of 2015. London prices continue to rise quicker than the remainder of the country.
It is widely predicted however that price increases in London and the Greater London Boroughs will slow from these heights and a recent survey by Jones Lang Lasalle predicts that between 2016 and 2030 price increases per annum will be between 6.67%, the highest for the outer London Borough, to 4.67% for the City of London, basically demonstrating that there will be more price growth for the outer London Boroughs than for the inner London Boroughs which are being affected by oversupply and predicted lessening of demand as a result of Brexit. Historically high prices appear to have hit their peak and a reduction in volumes.
Box Park has announced this week that the opening weekend will be 29th and 30th October.
While much has happened in Croydon in the past few years this is the most significant outward sign with the aim of the Box Park owners to draw people to take the 15 minute journey from town to what will be an extensive food and event location.
Box Park is to open with a music festival over the first weekend to announce the launch and tickets can be obtained from Skiddle.com or NME.com/tickets
The park will comprise 42 food outlets and a central event space and has an initial tenure of 5 years.
Retailers include The Craft Beer Co offering individual brewery beers and lagers, The award winning Breakfeast Club , MEATliquor and Chilango the Mexican restaurant as well as Dumpling specialist Mama Lan the specialist Italian deli Bread Tree and the Mayfair Lebanese restaurant LazeezTapas
The area will undoubtedly attract much attention and huge numbers of people. There will be food of all types from all over the world and the park will be open until 11pm at night.
