Canary Wharf residential boost

28th August 2015

New home building in Canary Wharf, accompanied by new infrastructure and amenities, is set to reinforce the area’s position as a prime residential address. Already home to vibrant shopping malls, as well as more than 300 shops, cafés, supermarkets, bars and restaurants, Canary Wharf is already an attractive residential environment as well as a business centre. Property prices in Canary Wharf have risen by 27% since early 2013, comfortably outstripping the 10% growth seen across prime central London over the same time. There are 14 schemes of around 400 units or more already under construction, or with full planning, on the Canary Wharf Estate and on nearby Isle of Dogs. Canary Wharf is currently primarily home to younger residents, with those under 40 reportedly making up a much larger proportion of buyers and renters than in other prime London neighbourhoods.

Property Wire