East London to host almost a third of all homes planned for the capital

31st October 2014

It is estimated that more than 55,000 new homes will be built in east London over the next five years – making up 29% of all new developments in the capital. Demand has been driven by improvements to the area made in preparation for the 2012 Olympic Games; new transport developments such as the East London portion of the London Overground, and the anticipated completion of Crossrail in 2018 have also increased the area’s attraction to buyers, as have lower average capital values in areas such as Tower Hamlets and Newham, making it easier for developers to acquire land for affordable homes.

The Wharf (25/10/14)