Over the last decade the City of London and its surrounding areas have dramatically transformed. Traditionally known for its finance, the City has begun drawing in new residents attracted by its impressive range of bars and restaurants.
The City is quickly becoming a highly sought after residential location.
- There has been a 70% increase in City property prices since 2008
- Average values in prime central London in 2008 were 60% above those in the City. This gap is shrinking and now stands at just 30%.
- If current trends continue, residential property prices in the City will reach those in prime boroughs in five years' time.
In this latest research from the residential team, we look at these exciting new areas, highlighting key trends and offering our top picks of where next to invest in the City fringes.