20

East London has undergone a major transformation in the last 30 years: from the development of Canary Wharf in the early 1990s; to the regeneration of Greenwich Peninsula; and the historic investment associated with the London 2012 Olympics. Woolwich Riverside the ward in which King Henry s Dock is located is already a popular base for renters and buyers alike; between 2001 and 2011 the area saw 50% population growth. The arrival of Crossrail is set to drive further local regeneration and turn Woolwich into a serious commuter hub, particularly popular among young professionals thanks to its relative affordability. The pull of the water will drive a marked acceleration of growth once again in Woolwich Riverside, where the number of residents is set to swell by 57.9% over the ten years to 2026.

real estate outlook

2. Demand

peninsula

woolwich riverside eltham west

woolwich common

royal greenwich

thamesmead moorings

eltham north

greenwich west

abbey wood

eltham south

plumstead

coldharbour & new eltham

middle park and sutcliffe

shooters hill

glyndon

kidbrooke with hornfair

blackheath westcombe

charlton

102.6% 57.9%37.4%

19.1% 16.6%

13.1% 10.1%

7.3% 3.0% 1.5% 1.4% 1.1% 0.7% 0.5%

-0.2% -1.0% -1.1% -1.2%

Source: GLA 2015 round ward SHLAA-based capped household Size projection model

population growth rates (2016 - 2026) greenwich borough wards

2001 to

2011 2016 to

2026

Woolwich riverside

50%

growth

woolwich riverside population growth

+57.9%