London's Highest Property Price Rises
New statistics from The Land Registry House Price Index have revealed that the average property price rise in London stands at a healthy 13%, with the average London house price at £463,872.
Many London boroughs have seen a steep incline in price rises over the last year, with the redeveloping areas of London - perhaps unsurprisingly - fairing the best of all.
We at Galliard Homes target and advocate a selection of regenerating locations across London; with the view to establishing property hotspots that will generate an abundance of financial rewards for the shrewd early-bird purchaser.
As it stands, we at Galliard have 12 developments in 8 London boroughs that are performing above average in terms of like-for-like price rises. If this fact has piqued your interest, read on to find out more about some of our developments and their prime locales.
Capital Towers - The London Borough of Newham
Property Price Rise = 21.4%
It is evident that the rejuvenation of Newham is having a cumulative effect on property values, with house prices in the borough coming in at 8.4% over the London average. The 2012 Olympic and Paralympic games have played a major part in propelling Newham into the international spotlight, whilst an influx of investment in transport, business and property substructures has equally established it as a highly desirable and lucrative investment area. Hailing as the largest regeneration landmark in the UK, the Queen Elizabeth Olympic Park expands to over 845,000 sq. m. and continues to create business and employment opportunities. Stratford regional station has been subject to a £200 million capital injection, whilst £210 million was invested into Stratford International; establishing it as one of the best connected stations in the UK, with far-reaching links across London, and incredibly fast connections to international stations, including a 7 minute journey to St Pancras with its Eurostar services.
Galliard’s cosmopolitan development Capital Towers is superbly situated in Newham’s epicentre of Stratford and offers a choice selection of 191, 1, 2 and 3 bedroom apartments, in two grand standalone towers. Exclusive facilities will include beautifully landscaped winter gardens and expansive roof terraces.
NCQ, Merryweather Place and Grove Place - The London Borough of Greenwich
Property Price Rise = 18.5%
The Royal Borough of Greenwich houses three Galliard developments, and is a prominent leader in London property value growth, with average prices increasing substantially from £296,787 to £351,599 between February 2014 and February 2015. This increase in over £50,000 can likely be attributed to a range of regeneration initiatives in place throughout Greenwich, to include the Eltham town centre regeneration masterplan, the Woolwich waterfront and town centre renewal (£270 million) and the Greenwich Centre development (£250 million). These revitalisation plans include a range of vastly improved leisure, retail, and transport facilities, to include green open spaces, thousands of sq. m. in shopping and retail space, and planned Crossrail links through Woolwich and Abbey Wood, which will dramatically reduce travel times by as much as 40 minutes (in the case of travel to Heathrow airport from Woolwich). A riverside district of world heritage status, renowned for its naval history and the Greenwich meridian line, this borough is already an established and unprecedented location.
We at Galliard are proud to present an offering of luxurious 1-3 bedroom apartments and duplexes in our prestigious New Capital Quay development; with a dramatic Greenwich riverside location. For those searching for property in the heart of Greenwich, Merryweather Place is also poised to be a shrewd investment. A unique selection of four luxurious apartments and a single townhouse, with access to hotel, restaurant and bar facilities as part of the development; Merryweather Place will provide unrivalled convenience in a flagship location. Set just behind Eltham High Street, and with competitive prices, Grove Place properties are also supreme investment opportunities.
Riverdale House - The London Borough of Lewisham
Property Price Rise = 18.5%
Part of the Thames Gateway investment masterplan: Lewisham has been subject to a multi-million pound investment over recent years, that has continued to reshape respective business, education and transport infrastructures, as well as the general community landscape. This has been a substantial catalyst for price growth in the area, and goes some way to explaining the sudden property price increases.
Galliard’s Riverdale House development, in Lewisham, provides affordable starter-price properties to include studio, one, and two bedroom apartments. Each property is planned with lateral space in mind, and incorporates versatile and innovative designs.
Other London Boroughs Containing Prime Galliard Developments:
- Baltimore Tower/Wharf and Lincoln Plaza - The London Borough of Tower Hamlets -Property price rise =16%
- Carlow House - The London Borough of Camden - Property price rise = 14.4%
- The Apex - The London Borough of Ealing - Property price rise = 17.9%
- Trident House and Waterside- The London Borough of Hillingdon - Property price rise = 17.1%
- Central House - The London Borough of Hounslow - Property price rise = 15.2%
We at Galliard recommend buying off-plan properties at their earliest inception, in order to take greatest advantage of potential price rises by the time the property has been completed