020 7538 0102
16th December 2016
According to a report by JLL there is strong demand in the Canary Wharf residential market with the majority of sales being for owner occupiers. Bernard Cully, associate director at JLL in the City and Canary Wharf, said that property values are remaining stable attributed to the number of properties becoming available on the market. He added: ‘The final weeks of the year are traditionally quite strong, with prospective buyers and sellers trying to conclude transactions ahead of the festive slowdown.” Strong activity in the rental market from summer through to the end of October has subsided with a decline in applicant registrations. Neil Short, head of City residential at JLL, said: ‘With applicant registrations slowing, we have seen examples of landlords undercutting one another in order to get their properties let quickly.”