Canary Wharf is transforming from a primarily financial hub into a vibrant Central London mixed use neighbourhood. Crossrail will make a huge difference once it is fully operational and will make Canary Wharf more accessible and better connected than ever before. There are plenty of new developments under construction to cater for the first wave of new residents keen to take advantage of the enhanced connectivity, while the planning pipeline is ready for the next wave of Canary Wharf occupants. Many of the new inhabitants will be renters, such is the scale of multifamily development. The volume of new development over the next 5–10 years will mark a step change for Canary Wharf as a residential location. With an exciting future ahead, we expect both sales price and rental growth to be strong over the next five years.
Here are points highlighted in the report: -
- More than 5,150 private units have been completed in the last five years.
- Wood Wharf is the largest ever residential development in the area.
- New-build prices have increased in Canary Wharf by a significant 31% since 2009.
And if you have any questions on this research or anything else that you'd like us to clarify, please feel free to get in touch with us directly at +603 2260 0700