The head of one of London’s most up-and-coming estate agencies believes property prices in an around E14 will skyrocket over the next few years.
The Canary Wharf-based MyLondonHome offers sales, lettings and property reassignment and will be on hand to offer advice for potential investors at the Buy London event on Wednesday, October 14, which it is sponsoring.
“It is a good way to meet people who are looking at Canary Wharf,” said CEO Christian Thomas.
“There is an awful lot of development going on here and the area still represents good value for money compared with parts of west and central London.
“Prices there have gone up in the past five years and they will increase further in the next five years.”
He stressed the importance of investors from China, insisting they made up a lot of his company’s clientele.
“MyLondonHome already has a Hong Kong office,” he said. “We have been working with the Chinese and other international investors for a number of years and it is now part of day to day business.”
He went on to suggest Crossrail could be a magnet for more investment in property around the East End.
“The link will be a major factor in connecting east and west London,” he said.
“We saw big increases in prices in east London upon its announcement and we will see further increases when it is finished.
“Obviously London City Airport is a major part of Canary Wharf’s appeal, but when people want to fly further afield, they need to go to Heathrow.
“With Crossrail, the journey to Heathrow will only be 40 minutes, so it will open a different level of business opportunities.”
For investment opportunities, sales and lettings or more information go to mylondonhome.com.