Description
London News
ROYAL DOCKS Current value: f600 per sq ft 2018 forecast: £900 per sq ft, a rise of 50 per cent Equivalent in size to the area from Hyde Park to Tower Bridge, and with more waterfront than Venice, Royal Docks is set to become London’s next big business district, a centre for global trade and green technology. The Greater London Authority’s vision is for tens of thousands of new homes and convivial waterside living.
Several projects are under way or in the pipeline, including Silvertown, a neighbourhood of up to 3,000 homes, a central piazza the size of Covent Garden, and “brand” pavilions for top firms to showcase their wares. Royal Wharf is another new neighbourhood, mainly low-rise with a primary school and a DLR station. The first of 3,385 homes will be ready next year. Townhouses are for sale now, from £990,000.
Buyers who head for promising new London frontiers get rewarded for their courage, says David Spittles
WHERE do you start looking for a new home? London is brimming with building projects and transport upgrades that are creating new property-buying opportunities, whatever your budget. Urban renewal is a constant in the capital – areas that have been forgotten are reawakened for many reasons.
the role of tipster again, predicting areas that will rise the most between now and 2018. And Crossrail figures prominently in the report. At the very least, such analysis is food for thought and a decent starting point for bargain hunters. Whereas over the past five years, the biggest price rises have been in coveted areas ringing so-called prime central London. the new growth districts are further afield, in Zones
10 or even 20 years -impact to be felt. So: weigh up whether th it. Crossrail is schedt 2018 and its impact i the veil on some are; increasing the allure Slashed journey tit: reward – 1.5 million be within a 45-minut London’s key business.
