Canary Wharf is the most promising area of London for investment

Canary Wharf – for anybody not a secret that this is a landmark place in London and one of Europe’s largest centers for financial services, as well as the largest center of employment of employees of the financial sector. Now it’s a district of London known as the area leader in the supply of luxury homes on the market of real estate of London.

Large-scale construction of housing in this area is accompanied by the construction of infrastructure and facilities and strengthen the position of Canary Wharf as an elite residential postcode .

If just a few years ago the popularity of Canary Wharf is considerably behind the popularity of the City, now it is really popular and desirable place to live. More shops, cafes, supermarkets, bars and restaurants provide round-the-clock comfort to the inhabitants of this district, and Canary Wharf is now not only a business centre but also a place of attraction for tens of thousands of people who prefer the rhythmic way of life.

In the near future it is planned to build another elementary school, which will increase the attractiveness of the area for families for young professionals with children, and the launch of new high speed rail Crossrail will improve links with other areas of London.

Prices for residential property in Canary Wharf increased by 27% over the past two years, starting in 2013, easily beating 10% of the other elite areas of London.

Part of this strong growth is explained by improvement of the General state of the UK economy, as well as the “wave effect” when the rapid growth in property prices in Central London were distributed to other areas. However, the average price of luxury properties in this area still lags far behind real estate prices in a respectable and prestigious centre in West London.

“Dog Island” continues to build up. Currently, 14 construction projects, which will put around 400 apartments launched here. The government plans to build 3,000 new apartments and another school and a medical centre.

According to the forecasts of the leading British index, the next five years until 2019 the cost of real estate in London will grow by 26%. Property in Canary Wharf will continue to outstrip the price growth of the steel parts of London. Infrastructure development, high concentration of business centers and amenities, as well as the launch of high-speed railway, Crossrail will continue to boost the attractiveness of the area in the eyes of Londoners and foreign investors.

® Alice Morgan G. 31.08.2015

Tower Harbor in Canary Wharf

Real estate investment in London. Canary Wharf

Apartments with one and two bedrooms at metro Lewisham (2)

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