Canary Wharf is one of the United Kingdom’s two main financial centres and contains the second tallest building in the country. As booming business district, both office and residential space are highly sought after.
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The price of property for sale in Canary Wharf has seen an increase of almost 16% in the last year.
The average residential property price is over £470,000 which has increased by £260,000 since 2000. Rental property is also a profitable business in Canary Wharf, with the average weekly rental price of a four bedroom property coming in at £2,495.
With commercial properties for sale in Canary Wharf being so greatly sought after, investment in this area has become a popular option. Whether it is desk space or whole offices, commercial space is a lucrative form of property investment in Canary Wharf.
The area boasts a number of attractions, including the Museum of London Docklands, the historic quays and the impressive high rise business centre.
Canada Square has some of the tallest buildings in the country and produces a striking skyline which can be enjoyed from the Canary Wharf Tower. There is a wide range of restaurants, shops and even ice rinks to enjoy in the area, but one of the biggest entertainment attractions is the nearby O2 arena.
Published: 6 March 2017Recent statistics has shown UK housing affordability is at its worst level in over a decade. This is seen through property prices increasing by 32% over the last five years alone, with the average wage growing by just 7%.
Published: 17 February 2017Despite house prices across the UK are growing at a faster rate than in central London, property prices in London remains more than double than the UK average.
Published: 13 December 2016Property prices in the South East of England have been increasing at a faster rate than the capital. This is due to a higher percentage of the population demanding to live in commuter towns such as Luton.
Published: 30 September 2016Royal Victoria Residences is a stunning new development of stylish apartments, perfectly located within easy walking distance of the new £1bn Asian Business Port development in London city centre.
Published: 26 September 2016Since the results of Brexit, overseas property buyers have seen the potential in London house prices and are investing heavily in London properties. Leading to no signs of the British property market falling.
Published: 31 August 2016The UKs average rent has increased by 2.4% over the past year, with the yields expected to increase even further. This is due to the private rented sector’s supply and demand imbalance continuing to raise.