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House Prices and Riverside Living

House Prices and Riverside Living

Living near to the river in London is becoming more and more popular. For the last few years, property by the Thames has experienced some of the biggest house price rises in the UK capital. For some reason, there’s something about living riverside that is remarkably appealing to many of those looking for a home in London. And with the popularity of luxury departments rising and rising, it seems that this trend isn’t going anywhere.

So what are the advantages of riverside living? Well, there are amazing views of the biggest icons of London, from The Shard to The London Eye. Also, eating, drinking and going out is something that’s just a whole lot more fun when you have lovely views to keep you entranced! When an area grows in popularity, it’s like a chicken and egg situation: when more people seek to live there; the more exciting things start happening, with shops restaurants and entertainment venues popping up here there and everywhere.

From Richmond and Chiswick, through Chelsea and right through to the large blocks in the Docklands, the Thames is indeed long. With more and more high-end developments springing up at locations such as Nine Elms Lane and Albert Embankment, it’s clear they are attracting overseas buyers en masse. Embassy Gardens in Central London is another development that’s attracting attention. Set to provide 2,000 new homes in the heart of Central London, alongside cafes, shops, bars and restaurants, the development provides amazing facilities for their residents. From gyms and spas, to concierge services to penthouse luxury; these apartments are really the ultimate in high-rise living. It’s not just the value of the apartments that are attracting buyers either – a lot of overseas investors for example see these flats as amazing properties to invest in for their children while they are studying in the UK. The numerous opportunities for business and the cultural hub in the UK capital are also things that ensure these properties are quickly snapped up.

The result of this trend has been a massive boom in riverside prices, from east to west. Prices in some Battersea apartments with full Thames views have shot up by more than 30 percent in the last two years and the Nine Elms riverside stretch is projected to shoot up about 40 percent annually over the next few years.  Upmarket development Embassy Gardens has also seen average increases of 14.1 percent. Prices are predicted to rise at Embassy Gardens by 140 percent in the short to medium term. And who can forget the multi million pound Battersea Power Station redevelopment? Despite asking prices from £370,000 for a studio, the site sold out in a matter of months.

It seems that Property-On-Thames is attracting buyers across the board. The latest hotspot is no longer limited to a few prime areas of West London – such as Kensington and Chelsea – but instead seems to be that winding river through the UK capital, with all the conveniences and amenities on offer attracting investors from all over the world.

Image from www.freedigitalphotos.net

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