Why 2022 is the year to buy a central London flat

6 May 2022

The Times 

"I actually almost moved to Canary Wharf about six years ago, but I felt, at the time, that the neighbourhood was still not quite there yet and was too quiet at the weekends. Now it’s buzzing,” says Dan Bull, a 33-year-old entrepreneur who recently moved into a two-bedroom flat in the east London neighbourhood.

The property market in the high-rise financial district was once the preserve of City workers and overseas investors. Today, though, international buyers — deterred by coronavirus restrictions, and political and economic upheaval in the wake of the Ukraine war — and City workers, who have shifted to WFH, have been replaced by British first-time buyers and families. It is a shift that is reshaping neighbourhoods across the capital, with the share of homes sold to overseas purchasers in Greater London at an eight-year low, according to Hamptons estate agency.

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