Calling all foodies, property enthusiasts and urban adventurers! We’ve got such a treat in store for you with this weeks’ episode of the Insider. So get ready to tantalise those taste buds and prep for those property viewings, as we take you on an exciting journey through the ever-thriving Canary Wharf and the Isle of Dogs area. It’s not just about the skyline here; there’s a lot more bubbling beneath the surface, so let’s go and explore!
A Flourishing Housing Market
If you’ve been keeping an eye on the property scene in Canary Wharf and the Isle of Dogs, you might have noticed a positive trend. Over the past 2 years, the area has seen significant growth, thanks to factors such as new developments and a thriving local community.
This growth has not only attracted investors but also those seeking to make this dynamic area their home. With easy access to shopping, dining, and entertainment, it’s no wonder the residential market is abuzz.
The Cross-Rail Effect
Can we talk about convenience without mentioning the new Cross Rail tube line? Connecting Canary Wharf to the city has never been easier! This new addition has made commutes a breeze and guess what? It has had a positive impact on property values in the area too.
A Culinary Excursion
Who knew that a business district could be a gastronomic paradise? Canary Wharf is not just a hub for bankers and businesses; it has blossomed into a culinary haven with exciting new eateries that deserve a visit (or even two!). Whether you’re a sushi aficionado, an all-out meat feaster or have a penchant for Peruvian cuisine, the abundance of swanky new restaurants has something to suit every palate.
For a fusion of flavours that’ll make your taste buds dance, a must-visit restaurant is the incredible Blacklock on Frobisher Passage, E14. Serving up meaty treats such as lamb cutlets, sirloin steaks and smoked bacon chops, this magnificent venue offers a range of meaty delights that are guaranteed to make your heart sing.
Farmer J on Jubillee Place brings the countryside to the city. With “forkin’ good dishes” such as Harissa Habibi, Tahini Cauli and Charred Flank Steak, you can guarantee mouth-watering, farm-to-table freshness. Looking for something a bit more laid back? Check out the new street food trucks in Canary Wharfs parks and squares. Haggis toasties (trust us, it’s a banger!) zingy tortilla wraps and Jamaican jerk chicken make casual dining an exotic experience.
Wood Wharf: The Future Is Here
Now, if you haven’t heard about the Wood Wharf development, you’re in for a treat. Under construction, as we speak, Wood Wharf is set to be a mixed-use development comprising offices, residential homes, and retail space. This development is not just about bricks and mortar; it’s about creating a vibrant community and adding a new dimension to Canary Wharf’s rich tapestry.
Let’s Talk About Your Next Move!
Whether you’re planning to indulge in culinary delights, invest in property, or simply want more info on the Canary Wharf and the Isle of Dogs area, the team at Keatons is here to guide you. We’ve got the inside scoop on everything from new restaurant openings to upcoming property opportunities, so stay tuned and contact the Keatons team today!
Renting a property in London has become an increasingly expensive endeavour for the majority of tenants across the City. Over the past 12 months, typical annual rents in the Capital have soared by almost 20% reaching an astounding average of £2,500.00 per month. This steep rise implies that tenants now need to find an additional £7,500 per year compared to the previous spring to secure a property in the heart of the capital.
However, it’s not just those in the heart of the City that have experienced these significant rent hikes. Greater London has also seen rental prices reach record highs, with the average cost of a home amounting to more than £2,000 per month.
So, what’s causing these price hikes?
The rental market in London has witnessed a significant imbalance between supply and demand, leading to intensified competition among tenants. In the first quarter of this year, the number of inquiries per property was 173% higher compared to the same period in 2019.
These statistics highlight the intense competition faced by tenants when searching for rental accommodations in London. The scarcity of available properties relative to the high demand has created a challenging environment, where tenants often find themselves contending with multiple inquiries and heightened competition.
How do we address this situation?
Put simply… MORE HOMES! If we are to improve the well-being of a huge proportion of Londons’ residents, it is crucial to focus on increasing the supply of rental properties across the City. By expanding the housing inventory, the market can better balance supply and demand, alleviating the pressure on tenants and fostering a more sustainable rental market.
Furthermore, it is essential to consider long-term strategies that address the underlying causes of the housing shortage and promote affordable housing options. This could involve collaborations between the government, private sector, and housing organisations to facilitate the construction of new rental properties and implement initiatives that encourage affordable housing development.
By adopting a comprehensive approach that tackles both supply and demand, London can strive towards creating a rental marketplace that is balanced in-stock availability and it turn, fairer to tenants in terms of choice and affordability. But this can only really happen if more homes are built and the government makes the buy-to-let market more attractive as an investment.
If you’re looking for a new rental property or would like to discuss the potential of finding tenants for your home, speak with the Keatons team today on 020 8981 7788.
If you’re looking for a vibrant and diverse neighbourhood to call home, look no further than Forest Gate. Located in the East London borough of Newham, Forest Gate has quickly become a popular destination for young professionals commuting into the City, families looking for placement within “outstanding” OFSTED-rated schools and creatives seeking a lively, convenient and affordable lifestyle. Read on to explore why we love Forest Gate and why we’ve been selling and renting homes in the area for over 20 years!
With its excellent dining scene, convenient transport links and increasing property value, Forest Gate is undoubtedly a fantastic option for investment on the outskirts of the City. The local restaurant and pub scene is thriving and the area is home to a diverse range of eateries, offering cuisines from all over the world. Standout restaurants, such as the traditional-Indian eaterie, The Wanstead Kitchen, have gained immense popularity in the area. Not only a perfect spot for a weekend treat or a romantic dinner, but the menu also features a variety of options, including vegetarian and vegan choices, and the quality of the ingredients are top-notch. Just ask Max Ben-Yossef, Head of Sales in our Stratford office!
In addition to its culinary delights, the trendy breweries and classic English pubs of the Wanstead Arches offer a warm and welcoming atmosphere to pop in for a pint. Known for its craft beers and ciders, The Wanstead Tap also offers a delicious menu of comfort food, including burgers, pizzas, and sharing platters. It wouldn’t be right of us to move on without mentioning sublime local haunts such as The Pretty Decent Beer Co and Burgess & Hall. Outstanding tipples, a relaxed ambience and friendly staff make these hidden gems a favourite spot for locals to gather and unwind after a hard week in the office.
For those not in-the-know, getting around London can be a real headache. But Forest Gates’ excellent transport links make the morning commute into the City a breeze. Forest Gate boasts access to the recently opened Crossrail Elizabeth Line and provides quick and regular access to Liverpool Street station in just 15 minutes. Well-connected by buses and maintained cycle lanes, residents can easily access the Canary Wharf financial district and other central London locations within a matter of minutes.
Investors will be pleased to know that the area has witnessed a significant increase in property value over the past decade. With its growing popularity and improving amenities, Forest Gate has experienced a steady rise in property prices, making it a smart investment for those looking to get on the property ladder or expand their portfolio. According to recent data provided by Rightmove, sold prices in Forest Gate have increased by 6% over the previous year and have risen by 14% on the 2019 peak of £461,001.
This recent boom has seen the overall average price for properties in the area rise to £524,406.00, making it an attractive option for potential buyers and investors. Whether you’re a foodie, a commuter, or an investor, Forest Gate has much to offer. So why wait?
Come and explore this hidden gem in East London and experience the best of city living in a thriving and evolving community. Contact our Stratford office – +44 (0) 20 8534 7788 / stratford@keatons.com.
If you’re looking for an up-and-coming place to live in London, look no further than the
bustling, vibrant streets of Deptford. Located in southeast London, Deptford has been quietly transforming into a modern and trendy neighbourhood that offers an exciting mix of culture, cuisine, and community. In this blog, we’ll explore why Deptford is becoming
a top choice for investors, tenants and homeowners in the heart of London.
With its diverse and eclectic mix of offerings, Deptford is attracting attention as an up-
and-coming place to live in London. The thriving culinary scene is dotted with an array
of fantastic restaurants that cater to all tastes and budgets.
For those who enjoy international cuisine, Deptford has it all – from mouthwatering
Turkish kebabs at the highly-rated Meze Mengal to authentic Vietnamese pho at the
incredible Eat Vietnam. For those seeking something a bit closer to home, traditional
English pubs such as the Dog and Bell are guaranteed to please even the fussiest of
eaters.
Another local favourite is The Winemakers, a cosy wine bar that offers a vast selection
of fine wines paired with delicious tapas-style dishes. Another popular spot is Marcella,
a rustic Italian restaurant known for its handmade pasta and warm hospitality. Whether
you’re a connoisseur of fine dining or simply enjoy a bit of slap-up grub, Deptford has
something to tantalise your taste buds.
Also known for its vibrant nightlife, Deptford comes alive after dark. A diverse range of
bars, pubs and music venues offer a variety of entertainment options. For music
enthusiasts, The Bird’s Nest is a must-visit. This iconic punk rock pub is one of the last-
remaining live venues in southeast London and has a legendary reputation for hosting
gigs by local bands and emerging artists.
If you prefer a more laid-back vibe, be sure to head down to Little Nan’s Bar. This quirky
cocktail bar offers a nostalgic trip down memory lane with its retro decor. Ideally placed
next to Deptford High Street Station, this bougie local haunt provides the perfect
backdrop for your next Instagrammable snap! Be sure to try the Expresso NanTini…
You won’t regret it!
In addition to its culinary and nightlife offerings, Deptford has also seen a significant
increase in property value over the past 10 years. The area has undergone significant
regeneration, with new developments and refurbishments transforming the landscape,
making it an attractive choice for property buyers and investors alike.
Despite this, Deptford still offers a vast selection of affordable housing when compared
to some of the more established London neighbourhoods. The perfect blend of value for
money and regeneration has made the area increasingly appealing for those looking to
get a foot on the property ladder or to make a sound investment for years to come.
There’s no denying that Deptford has something for everyone. Don’t miss out on the
chance to become a part of this dynamic and evolving property market – talk to our
Deptford office today. 020 8692 0555 / Deptford@Keatons.com
There’s no getting around it, times are tough. There’s so much going on in the world at the moment and an increasing number of people across London are finding themselves in financial difficulties. Purse strings are tightening, which is having a huge impact on our Capitals’ children. For some kids, something as small as having their own awesome space to spend time in seems like too much to ask for.
We wanted to make a difference. Many of our staff are born and bred Londoners, so know first-hand the impact that a helping hand in the right place can do. That’s why we assembled a team of our employees and recently joined forces with the fantastic people at the Childhood Trust, a charity that provides children with the essentials they need to grow and be happy.
Through their housing support programme, we were able to visit a family living in substandard accommodation and transform the bedroom of three, extremely cute, little girls! Swapping laptops and mobile phones for paint brushes and rollers was never going to be the easiest thing to do, but in true Nick Knowles fashion, our team were able to build bunk beds, chest of drawers, wardrobes and redecorate all within a day.
Despite some questionable cutting-in skills (we’re looking at you here Siane!) we provided a fun, stimulating space that not only matched the girls’ cheeky personalities but also works for them practically.
We love London and the people in it. We pride ourselves on not just selling and letting homes in our areas, we’re also committed to supporting charitable organisations and improving the lives of our local communities.
Speak to a member of our team today: https://www.keatons.com