High Tide of Profits Flows to the Thames ; Market Watch

Summary


For anyone visiting London over the past five years, the most striking change to the city has been the transformation of virtually the entire length of its riverside. Once a wilderness of rotting warehouses and defunct power stations, today very few plots on the Thames have not been turned into swanky apartment blocks or earmarked for residential development.

Most sales over the past five years have been newbuilds, with many people buying off-plan. But now upscale estate agent Knight Frank reckons the riverside market in resales is sufficiently robust to warrant the setting up of a new department, specialising in the stretch between Lambeth and Putney bridges, which unlike Docklands does not overwhelmingly depend on City money.

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High Tide of Profits Flows to the Thames ; Market Watch

'I have recently had potential buyers contact me, one from the north of England and one from Ireland,...

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