Property owners across London have been benefiting from large increases in property values over the last 18 months, with the average house price in the capital rising by 13% since 2013. One area that has seen significant price growth is Tower Hamlets, an area that covers much of the traditional East End.
Tower Hamlets has seen a wave of regeneration as a result of the phenomenal changes to the property market in recent years and its role as one of the five host boroughs of the 2012 Olympic Games. Located to the east of the city and north of the River Thames, it houses Canary Wharf, one of the UK’s two main financial centres, and boasts many of Europe’s tallest buildings. Tower Hamlets is a hotspot of commerce and one of the wealthiest parts of Britain. Its economy of £6 billion a year surpasses that of Monaco, and the area is seeing a flood of property investors seeking lucrative opportunities.
Tower Hamlets serves as the location for the headquarters of many global financial corporations including major banks and professional services firms and the area employs many of the highest paid workers in the capital. Several of its prime property areas including Canary Riverside, West India Quay and Pan Peninsula boast highly lucrative opportunities for investors looking for ultra contemporary and luxurious residential properties.
Recent figures released by the Office of National Statistics show that London has the lowest mortality rate, with Tower Hamlets possessing the lowest proportion of deaths in comparison to its population, mainly due to the influx of young professionals. This leads to significant increases in property prices and offers investors, developers and landlords the opportunity to make maximum returns from the sale or rental of their Tower Hamlets investment properties.
Along with the thriving economy, Tower Hamlets boasts 100+ parks and open spaces and diverse restaurants, retail and entertainment establishments. Transport links provide easy access across the borough from the city, offering convenience for the daily commuter. The major investment in the development of Tower Hamlets and other boroughs that make up the Docklands has rejuvenated the area and turned it into a major business centre and increasingly desirable place to reside.
If you are looking for Tower Hamlets investment properties, we can provide professional investor services and property management across London. We can ensure you find the right investment opportunities for your needs and help you secure optimum returns.