Young professionals breathe life into Canary Wharf

8th November 2013

The banks, law firms and media organisations that make Canary Wharf one of the world’s leading regions of trade and commerce have attracted thousands of young professionals keen to live close to work.

Not only has they helped to push property prices up by 10% in the last five years, they’ve also caused a whole host of sophisticated and stylish bars and restaurants to open in an area that, according to one expert, was like a “ghost town” on weekends until just a few years ago. This, along with the high-specification of the area’s new apartments and the superb transport links, attracts even more to the area – the typical resident is young, single, 22-30 and in their first job. Last year only one detached house was sold in the area; compared to 830 flats, most with one or two-bedrooms, in high rise blocks.