On “Sobakam the Island” in London with a high demand for rental residential property

There are in London area, which translates to English as “Dog Island”. This is a place along the banks of the Thames, where the Thames forms a loop, and the land, washed on all sides, except the Northern part, the river Thames, resembles an island. This place has already become extremely popular and known worldwide. Here are the most famous and largest banks, offices of the largest companies in the world, which led to the location of the Europe’s largest business center, is known worldwide as CanaryWharf. A huge number of jobs in the industries of financial services, high technology and banking services was established in this place over the last thirty years. This circumstance has led to the fact that the demand for residential property to “Dog Island” has grown incredibly rapidly. And this was the reason for the increase price. A recent study showed that rental prices of residential property in the “Dog Island” has grown 10% over the last 12 months.

Real estate investment in London. Canary Wharf.

Baltimore Tower

Tower ” One Saint John Wharf “

Investment project Crescent

Despite the fact that the number of new residential properties that came on the market in London “Dog Island” has increased significantly, increasing the demand still could not be satisfied in full, and that was the reason for the price increase.

Relatively affordable price average rent per week £370 pounds and great location provided a “Dog Island” popularity among tenants, preferring the rapid pace of life, convenience, modernity and comfort as the basis of your lifestyle.

In addition, the Business Centre of Canary Warf is experiencing now, in the recovery period after the economic crisis, the influx of new workers from other cities of UK and USA, the Number of new tenants from the United States rose from 9.4% in June to 15.5% in July.

Significant rent growth is also marked by Knightsbridge, which boasts a weekly rents average £1840, which is 21 % higher than 12 months ago.

In Knightsbridge, the demand for rental certainly has a place from the other group of tenants and not so much due to the increase in demand, as the reduced supply and a General lack of movement in the market.

Thus, in the Isle of dogs prices in Q3 2013 increased by 13.6% and Knightsbridge at 21% compared to the 3rd quarter of 2012. Apparently, this trend will continue in the autumn months.

® Alice Morgan 01.10.2013 g.