London buyers flock to high-return areas

New findings from Dataloft and Mount Anvil, the developer behind Canary Wharf’s Royal Docks West project, show that new flats in regenerating areas in London are the best buy for the long term. Sales prices of apartments in large regeneration projects have risen by an average of 17% per year between 2012 and 2016, in contrast to non-regeneration schemes in inner London, the report found. “We have observed a fundamental shift in the mindset of owner-occupiers in the past 18 months… Capital growth potential has emerged as [a critical factor], particularly in light of stamp duty costs,” says Mount Anvil’s Jon Hall.

Evening Standard (02/11/2018)