London property goes from strength to strength

3rd January 2014

Last year will be remembered as the year the British property market sprang back into life, with prices rising by 7.7% across the country as a whole, and by over 10% in London.

This upward trend looks set to continue into 2014, particularly in the capital. “Commutable London” is expected to see residential property prices rise between 5% and 6%, and is not thought likely to be stymied by the Chancellor’s introduction of capital gains tax for foreign owners. Moving eastwards, Stratford goes from strength to strength: although prices have not increased as quickly as once anticipated, there are still thousands of smart new homes in the pipeline, including at Strand East where 1,200 units will be ready by the end of the year. Superb transport connections and proximity to Canary Wharf – itself becoming a more desirable address by the week – make it an area worth keeping an eye on.
Source:   The Daily Telegraph