Canary Wharf is one of the most promising areas of London over the next 10 years

Property prices in one of the most popular among investors of London – Canary Wharf is already close to £750 pounds per square foot. Continuing high demand is the main driver of rising prices, and the best examples of real estate traded at a price of £1100 pounds per square foot.

The annual growth of prices of residential properties in Canary Wharf reached 14.4%, which is significantly higher than in Central London, where the growth was 12.1%.

Rising prices in and around Canary Wharf. Moreover, the rise in prices for residential property in the areas adjacent to the Canary Wharf, is even higher – there is a ripple effect when too high prices in the heart of Canary Wharf are pushing buyers to look at the surrounding areas where prices are still about 1.5 times lower, but it is already 15% – 20% more than a year ago. This area, as the business financial centre, is the seat of several hundreds of Londoners and visitors to the capital and continues to enjoy great demand both foreign investors and local buyers.

Dynamics of Canary Wharf has changed significantly in recent years. We saw a lot of people who came here from West and from South London, assessing the convenience and comfort of the bright and modern living offered by this district. All the pleasures of the best quality you can get here, and it’s wonderful restaurants any cuisine and wonderful shopping, providing excellent shopping the most discerning fashionistas, this gyms and fitness centers. Great access to Europe’s largest shopping centre – Westfield Stratford City to the airport.

The excellent transport system with the launch of the new high-speed Crossrail line will become even more comfortable and convenient.

All these delights appreciated by numerous customers and tenants. As a result, the demand for real estate Canary Wharf far exceeds supply, which contributes to the unrestrained growth of prices.

The most impressive project in 2013 was the tower Baltimore tower where all 300 apartments were sold in less than six months since the launch of the project. The tower is designed by world renowned architects Skidmore, Owings & Merrill and is located just a 3-minute walk from South Quay DLR station.

Another wonderful project, which sold the last apartment in Lincoln Plaza. – Real estate investment in London. Canary Wharf. The complex contains 250 apartments, a winter garden and a lot of additional comfort for its residents. Looking ahead, we note that in 2014 is expected to go on sale around 1,200 units of new housing in Canary Wharf, part of which, 360 units, were built only at the end of 2013.

One of the most ambitious projects of the year – Hertsmere Tower, which will become the tallest residential building in Europe, is now only going through the planning process and is likely to be launched next year. The 74-storey tower, the most elegant among the neighboring buildings, will be 7 meters above the highest towers of Canary Wharf – Canada Square. Mr. Tom Ryan, entrepreneur – Builder from Ireland, plans to invest in this project of around £1 billion, bought a piece of land for the construction of a tower for £100 million Already announced that the cost of 1 sq. ft. residential property in this tower will be at least £1000 pounds. And the cost of apartments on the highest floors will reach £10 million

The potential of this huge area. Only now he began to turn from purely commercial center in the spot where the comfortable not only to work but to live and spend their leisure time. Canary Wharf combines bransdicke comfort with clean environment and is truly a favorite place of Londoners. With the launch of the transport Crossrail line in 2018, the prospects of this area will be strengthened and we can say that for the next ten years this area will become one of the most promising from the point of view of investments.

Take a look on the website of the real estate deals in the area of Canary Wharf and the surrounding areas:

Minster House

Canning Town

Goodman’s Fields

Greenland place

Parkside Quarter

Redwood Park

A Venetian courtyard, “Renaissance”

Real estate investment in London. New Capital

Investments in London. Stratford

Studio in Lewisham

Boatyard

Parkside, Bow, E3

® Maxim Savitsky G. 16.04.2014

,