House price growth in the City of Westminster has been exceptional over the past 20 years, higher than the Greater London average. We expect sales and lettings markets in Westminster, Victoria and Pimlico to accelerate in terms of transactions and pricing as these neighbourhoods are transforming into residential hotspots in their own rights. The key driver of change here is the redevelopment of office buildings into state-of-the-art and ideally-located apartments.
Over the past two years, the number of units under construction has accelerated sharply, with a number of stand-out developments including The Broadway, 9 Millbank and Old War Office, helping to raise the bar in specification and pricing.
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