Tower Hamlets property prices soar 33% in a year
03/30/2014

Royal Wharf which sits at London Borough of Newham (Between Lyle Park and Thames Barrier Park on the banks of the Thames, a new town centre in the Royal Docks in East London, was formally launched.

Online PR News – 30-March-2014 – Singapore – UrPropertySg has announced that according to Rachel Bishops from wharf.co.uk, Property prices in Tower Hamlets have increased more than anywhere else in Britain in the past year.

Figures from Rightmove show that since March 2013 the average cost of homes in the borough have increased by 33%, making them nearly double the cost of anywhere else in the country.

In London overall the prices of property coming to market are up by 2.1% to a new all-time high, but while the price surge in the capital continues, it is no longer being driven by the prime London boroughs.
The average price of property coming to the market in London is now £552,530.
Tower Hamlets is next to Newham. After a surge in Tower Hamlets, will Newham prices followed?

Just last week, Royal Wharf which sits at London Borough of Newham (Between Lyle Park and Thames Barrier Park on the banks of the Thames, a new town centre in the Royal Docks in East London, was formally launched.

This development is by Ballymore and Oxley and draws a huge crowds in London on the first day of launched.

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