Square Mile prices rocket since crash - rewrite

5th September 2014

A Beauchamp Estates report has found that residential prices in London’s Square Mile have risen 71% since the last market crash

The cost of an average flat in the financial district has jumped from £432,060 in 2008 to £739,546 now, as a result of residential towers being constructed between financial institutions and office blocks. In the West End, prices have risen 81% from £791,750 in 2008 to £1.43m now. Comparatively, the cost of an average flat in Docklands and Canary Warf, has risen just 17% to £397,135 over the same period. The report also claims that east London is in danger of oversupply due to the 15,901 new homes in the development pipeline in the Docklands.

The Sunday Telegraph (31/08/14)