The Regeneration Effect
From the famous transformations of Covent Garden and Southbank to current day projects, regeneration has always been an important part of the ever-evolving London landscape.
The full impact of urban regeneration alters not only the aesthetics of an area, but it effectively remodels the underlying fabric by addressing the deeper social and economic environment.
What impact does this have on property?
Regeneration in numbers:
4.7% house price uplift per annum from regeneration
10% price premium for a scheme with effective placemaking
60,288 - total units under construction in London
212,092 - total units with planning permissions
38 opportunity areas in London
28 regeneration schemes with more than 1,000 units