A vision of London’s Southbank in 2023 shows it as one of the Capital’s most sought-after residential locations. propertywire.com reports.
The montage, put together by real estate services firm CRBE, reveals the area from Tower Bridge to Battersea Power Station as a redeveloped haven. It presents a ‘stunning skyline’ which includes One Blackfriars, The Shard and the South Bank Tower.
The spot has been singled out in particular due to its access to international transport links and geographical situation in relation to the City and the West End.
Those with graduate estate agent jobs in London at the moment could be at the forefront of this revolution, where river-fronting apartment prices have already been rising at a steady pace. Since 2008, new builds have increased by 150 per cent to £1,800 per square foot on average.
Increasing confidence from both developers and investors, combined with the perpetual demand for housing in London should (the CBRE claims) cement the Southbank’s transformation as a must-have prime residential location.
Speaking to mynewsdesk.com, CBRE Residential’s managing director, Lisa Hollands said: “London’s Southbank is arguably one of the most exciting property stories this decade.
“The limited supply in traditionally prime locations, along with a plethora of style, scale and price points has allowed this formerly under-utilised region to enjoy a record growth both in property values and population.”