020 7538 0102
19th August 2016
Canary Wharf: banking on it
A report from salary benchmarking website Emolument has found that London’s bank and finance professionals are deserting traditional residential hotspots such as Kensington, Chelsea and Fulham, in favour of the Isle of Dogs and surrounding east London areas. Cost, as well as proximity to the workplace, would appear to have much to do with the migration: young City workers looking to buy their first home would have to shell out £1.1m on average in Kensington and Chelsea, as against an average £442,754 in Tower Hamlets.
City AM (12/08/2016)