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London is one of the world s most culturally diverse capital cities, and its reputation as a global centre for financial services precedes it.
With a population of nearly 8.9 million, London is working to keep pace with the demand for housing and is starting to show positive growth prospects following the announcement of Brexit three years ago.
Agents such as Knight Frank and JLL have recorded a shift in sentiment, with the number of enquiries by new buyers for property increasing 5% in 2019.
London accounts for 25% of the UK s total housing value
Rental Price Growth forecast 2019-2023
House Price Growth forecast 2019-2023
AT A GLANCE Located in Woolwich, a growing southeast London hub, Wellington Quarter offers investors an excellent opportunity to invest in one of the world s most exciting capital cities.
WELLINGTON QUARTER LONDON -
Project:
81 units, 1 / 2 / 3 Bedrooms
Developer: Wellington Woolwich Ltd (Vision Homes)
Completion date: Q4 2019
London s property market has proven resilient in the face of political uncertainty. Central London commercial offices attracted GBP16.2 billion in global capital in 2018, outpacing Manhattan, Paris and Hong Kong.
In June 2019 house prices began to bounce back with increases ranging from 0.6% to 1.8%, indicating that demand is returning to the capital. Forecasts for the next five years demonstrate further growth, with Greater London house prices and rents forecasted to grow by 14.8% and 14.2%, respectively.
Whilst clarity around the final Brexit arrangements will positively affect the market, another factor to consider is the city s continued housing shortage. Even with an estimated 20,000 completions per annum over the next three years, demand will continue to outstrip supply. London is set to remain one of the world s most liquid and transparent real estate markets, attracting both global and domestic investment.
WHERE TO INVEST IN LONDON
Source: Bank of England, JLL, Financial times
25% 15.9%
9.2%
LONDON
WHY INVEST IN LONDON
Greater London GVA forecast 2019-2029
24%
