Greenwich property market continues at pace

Greenwich Market, Greenwich SE10

Housing prices in Greenwich have risen at the rate of 24% in the past year and compared with the London average of 13% The Royal Borough of Greenwich continues to be well ahead of the current trend. As is often the way demographics change due to the availability of employment and the transportation links enabling people to access different work and lifestyle opportunities.

Canary Wharf and its ongoing redevelopment has created huge potential employment plus very attractive business opportunities alongside excellent transport links. People no longer see long distance commuting as an acceptable option, preferring to live within the city where there is easy access to the entertainment hubs and amenities.

Greenwich has a natural advantage also in that it is a largely leafy Borough that has not succumbed to massive redevelopment and the developments that are happening are largely high-end. People are migrating from other parts of London in search of space and improved quality of life.

Additionally, developments in Greenwich offer both homes to buy and to let in riverside apartments and luxury residences that are creating considerable interest, making Greenwich a very attractive place to live. Riverside Gardens latest phase is already generating great excitement with high specification property plus a gym and swimming pool. The previous phase units are already exceptionally popular with buyers and renters, you can also view properties for sale and for rent across the area.

Peninsular Tower offers high spec hotel style accommodation with access to a whole range of in-house options including, concierge services, cinema rooms, office areas, not only is this top-quality living space but a good deal more. This is ground breaking accommodation the like of which Greenwich has not experienced before.

Yet another development in North Greenwich is Platinum Riverside, this development has an abundance of properties and great views across the river. Platinum Riverside is one Jubilee Line stop from the financial powerhouse of Canary Wharf and therefore worthy of consideration for those living and working there. Also only three stops from Westfield Shopping City Stratford, residents can fit a lot of shopping and leisure activities in an area of Olympic Legacy. The new Crossrail link to Heathrow Airport via the City and West End is set to shrink journey times even further.

If you need to establish the sales or rental value of your home in Greenwich we look forward to assisting you. Greenwich is closely linked with neighbouring Blackheath and also very worthy of your consideration.

We regularly feature a variety of areas under the focus area category of our blog, where you will also find our latest news and market comment.

Written by Alex Neil

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