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South Bank prime for property investment

24/03/2010 by Hastings International

South Bank has been known to be a highly desirable area of London for quite some time and now there are the stats to back it up.

For the real estate sector in the district, according to new research, has been outperforming the wider central London market for the past five years. Median annual price growth from 2007 to 2012 stood at seven per cent, with returns averaging ten per cent. House prices have also increased quickly in the past three years, averaging 14 per cent, while returns stood at 16 per cent.

The South Bank's proximity to the City is one of the biggest reasons for its popularity  This, coupled with the high number of quality developments in this part of London - has certainly played a part in its appeal. We have found that investors have been particularly attracted to one and two-bedroom apartments, in anticipation of the potential returns this type of property in the South Bank can deliver.

While some areas of central London have seen a slowdown in the growth of house prices, other more desirable locations – despite the onset of the financial crisis in March 2009 – have seen the cost of buying a home rise by almost 50 per cent. 

Much of this interest in the likes of the South Bank have been from overseas buyers, with Russian, Indian, French and Italian investors being particularly active, it’s not hard to see why. The area has experienced extensive development in recent years, and is now one of London’s fastest growing districts. It has quickly become a cultural centre with numerous theatres, gallery and concert halls and is only minutes away from Waterloo mainline and underground stations. Due to its superior transport links South Bank is also an enviable location for office space as, within walking distance of Waterloo, the majority of London is within easy reach. There are so many advantages that it’s clear why investors are happy to invest their money into the area, as it is sure return a healthy profit.



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London Bridge Estate Agents

42 Borough High Street 
London SE1 1XW 

Tel: +44 20 7378 9000
Fax: +44 20 7403 8888  
Email: londonbridge@hastingsinternational.com


Rotherhithe Estate Agents

167b Rotherhithe Street
London SE16 5QW

Tel: +44 20 7231 1066
Fax: +44 20 7237 5522
Email: TR@hastingsinternational.com


Shad Thames Estate Agents

Saffron Wharf, 18-20 Shad Thames
London SE1 2YQ

Tel: +44 20 7407 1066
Fax: +44 20 7407 4000 
Email: shadthames@hastingsinternational.com


Our International Branches

Hong Kong Property Agents

Level Three, 3 Pacific Place, Queens Road 
East Hong Kong

Tel: +852 2588 3455 
Fax: +852 2588 3499
Email: HK@hastingsinternational.com


Singapore Property Agents

Singapore Land Tower, 37th Floor, 50 Raffles Place Singapore 048623

Tel: +65 6829 7242
Email: SG@hastingsinternational.com  


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L 26th Floor, Menara Maxis, Kuala Lumpur City Centre 50088 Kuala Lumpur

Tel: +603 2615 2776
Email: KL@hastingsinternational.com


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