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London Property Market 11 October 2019

Inside Canary Wharf Issue 3

The Docklands area has attracted an increasing number of potential buyers so far this year, with Chestertons recording 51% more new buyers registering and 35% more property viewings undertaken in the first eight months of the year compared to last year.

“Docklands is one of London’s best value for money residential hotspots and The Wood Wharf development – a new residential-led, mixed-use waterside community – and the arrival of Crossrail will further enhance the impressive existing leisure, retail and transport facilities, which have already helped this area earn the accolade of ‘Best Place to Live in London’ from the Sunday Times.” - Nik Stylianou, Canary Wharf Sales Manager

The lettings market in E14 has been buoyant this year and the seasonal summer/early autumn bounce in tenant demand was particularly strong. Chestertons has recorded an 11% increase in
new tenants registering to rent in Docklands and an 8% increase in viewings so far this year.

“The current political uncertainty has not deterred tenants from wanting to move to Canary Wharf as they enjoy the lifestyle the area offers and the easy transport links to other parts of the capital. The flexibility of contract length has been beneficial to not only tenants but landlords alike to allow them to consider their options as the sales market changes.” - Kelly Rees, Canary Wharf Lettings Manager