Docklands property outperforms capital

25th April 2014

New research shows that house prices in Canary Wharf and Wapping increased by an average of 17.2% in the 12 months to the end of March – well ahead of the prime London average of 13.1%.

The Times reports that while prices in the Docklands area were the slowest to recover after the financial crisis, they are now beating all other areas in the capital. The average home in Wapping now costs £604,525, 41.4% up on 2007. The average value of a property in Canary Wharf and the Isle of Dogs has increased 11.6% in those seven years, to £409,441. Rental values there have risen 7.3% in the last 12 months, compared to 1.3% in Wapping.

Source:   The Times (18/04/14)