<p>&nbsp;</p>
<p>We expect price and rental growth in Canary Wharf to be strong and higher than the Central London average over the next five years. The opening of Crossrail together with a wealth of residential developments and an influx of new residents will be the
key drivers of this out performance.</p>
<p>Want the full picture? Download the report here:</p>
<button id="btn-1" class="Button primary">Download Report</button>

Canary Wharf

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Demographic and economic changes fuel investment in Living asset classes, revealing the growing investor appetite.

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Changing demographics, social and economic drivers are fuelling investment decisions as investors put a greater focus on Living asset classes. However, the scale of investor appetite has been unknown, until now.

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<h2 style="padding-top:0px !important;">An Exciting New Neighbourhood </h2><p>In the last few years, we've witnessed an evolution of Canary Wharf from a working weekday corporate epicentre to a highly desirable - and liveable - central London neighbourhood. Exceptional retail, restaurant and leisure options, combined with varied transport connectivity and close proximity to some of the city's most prized green spaces have all contributed to a shift in the way residents perceive this part of East London.</p><p>The new Elizabeth
    Line station at Canary Wharf was handed over to TFL in early 2022; the 250 metre structure being located in a former dock. With trains every five minutes at peak times, travellers will be able to reach Paddington in 17 minutes, Heathrow in under 40
    minutes and the City in less than 10 minutes. </p><p><sub>Source: JLL Research / Land Registry / TFL / Dataloft</sub></p><h2 style="padding-top:0 !important;">Canary Wharf in numbers</h2><style>.height-100 {
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<section><div class="row">

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">42%</p><p>Of homes in Canary Wharf are private rented compared with 25% London wide</p></div></div></div>

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">26%</p><p>Of households in Canary Wharf are families</p></div></div></div></div></section>
<section><div class="row">

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">82,000
 </p><p>Number of people exiting at Canary Wharf underground station on a weekday (pre-pandemic)</p></div></div></div>

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">10th busiest
                    </p><p>Canary Wharf underground is one of the busiest Underground stations in London (2019)</p></div></div></div></div></section>
<section><div class="row">

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">534</p><p>Number of residents per restaurant, compared with London average of 1,023</p></div></div></div>

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">154,000</p><p>Workday population of Canary Wharf</p></div></div></div></div></section>
<section><div class="row">

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">58,223</p><p>Number of people who call Canary Wharf home</p></div></div></div>

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">940,000 sqft</p><p>of shops, restaurants, bar and amenities in Canary Wharf</p></div></div></div></div></section><h2>Jubilee first for 4G</h2><p>In 2020 the Jubilee Line between Westminster and Canning Town was the first to allow passengers 4G connectivity on train and platforms.</p><h2>Canary Wharf future</h2>

<section><div class="row">

 <div class="column-two height-100"><div style="max-width:540px;"><div><p style="text-align:left;">The new Elizabeth Line station at Canary Wharf was handed over to TFL in early 2022, the 250 metre structure being located in a former dock. With trains every five minutes at peak times, travellers will be able to reach Paddington
                        in 17 minutes, Heathrow in under 40 minutes and the City in less than 10 minutes.</p></div></div></div>

 <div class="column-two height-100"><div style="max-width:540px;"><div><img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1650947322/resi/gb/cms/News/Images/Spotlight%20on%20Canary%20Wharf/Crossrail_Place-min.jpg" /></div></div></div></div></section><h2>Canary Wharf &ndash; sales market</h2><p>Demand for homes in Canary Wharf has risen this year, with JLL seeing a 48% annual increase in the number of new home reservations in the year to March 2022. </p><p>Buyers in 2022 favour larger homes.&nbsp; The floor area of new properties sold by JLL in Canary Wharf this year&nbsp; averaged 745 square foot, up from 595 square foot in 2021. 54% of properties sold so far this year had two or more bedroom compared
    with just 28% in 2021.</p>

<section><div class="row">

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">2000</p><p>The year the first sale over &pound;1 million was recorded in Canary Wharf</p></div></div></div>

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">93%</p><p>of sales in the last 12 months were flats</p></div></div></div></div></section>

<section><div class="row">

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">8%</p><p>Of properties sold in the last 12 months achieved &pound;1 million or more
                    </p></div></div></div>

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">61%</p><p>Of new developments in Canary Wharf have average asking prices of &pound;1,000 per square foot or more</p></div></div></div></div><h2>Average achieved prices and key events - Canary Wharf</h2></section><img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1650434505/resi/gb/cms/News/Images/Spotlight%20on%20Canary%20Wharf/Sales_Market_1.png" data-sf-ec-immutable=" " sf-size="100 " alt=" " /><h2>Canary Wharf &ndash; rental market </h2><p>Stock levels have not kept pace with demand across Canary Wharf in recent months, supporting growth in achieved rents. The number of properties on the market now compared with the same point a year ago has dropped by 30% in Canary Wharf. </p><p>Rents achieved across Canary Wharf in Q1 2022 averaged &pound;506 per week. This increase has been driven in part by demand for high specification apartments in new developments. But increased demand this year compared with last has meant landlords have
    been able to increase rents on renewal too. Comparing achieved prices per units this year with the same period in 2021 shows rent achieved on renewal rose by an average of 13.1%.</p>

<section><div class="row">

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">27%</p><p>Of tenants are students</p></div></div></div>

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">49%</p><p>Of tenants already lived locally, having moved less than a mile</p></div></div></div></div></section>

<section><div class="row">

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">20%</p><p>Annual increase in the number of viewings booked for rental properties in Canary Wharf</p></div></div></div>

 <div class="column-two height-100"><div style="max-width:540px;"><div><p class="red">69%</p><p>Of tenants are under 30 years old.</p></div></div></div></div><h2>Average rent achieved - Canary Wharf</h2></section><img src="https://res.cloudinary.com/jll-global-olm-np/image/upload/v1650434505/resi/gb/cms/News/Images/Spotlight%20on%20Canary%20Wharf/Rental_Market_Graph_1.png" data-sf-ec-immutable=" " sf-size="100 " alt=" " /><p>&nbsp;</p>

Spotlight on Canary Wharf

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Demand for homes in Canary Wharf has risen this year, with JLL seeing a 48% annual increase in the number of new home reservations in the year to March 2022.


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<p>With the Stamp Duty Holiday in place between now and March 31<sup>st</sup>&nbsp;2021, we&rsquo;ve explored two neighbourhoods&nbsp;of East London, Canary Wharf and Stratford, to determine why they are great places to live and invest in. Whether you're a&nbsp;first-time&nbsp;buyer, downsizing, upsizing or looking to add to your property portfolio, discover our property experts&rsquo; opinions about two of East London&rsquo;s cultural hotspots.&nbsp;&nbsp;</p>
<p>Known for the&nbsp;iconic skyscrapers&nbsp;of&nbsp;Canary&nbsp;Wharf&nbsp;and&nbsp;the&nbsp;Queen Elizabeth II&nbsp;Olympic&nbsp;Park, East London is&nbsp;an enviable place to call home.&nbsp;From&nbsp;a morning at&nbsp;Billingsgate Fish Market,&nbsp;afternoon aperitifs at&nbsp;Roof East&nbsp;bar and fine dining at&nbsp;Michelin-starred&nbsp;restaurant&nbsp;ROKA,&nbsp;you're never short of things to do. The green spaces&nbsp;in the Isle of Dogs&nbsp;and the Olympic Park&nbsp;offer great outdoor areas for&nbsp;after work runs or weekend picnics.&nbsp;Not to mention excellent transport links, this London hub is perfect for all the family.&nbsp;&nbsp;</p>
<h2><strong>Looking&nbsp;to buy in&nbsp;Canary Wharf?</strong>&nbsp;&nbsp;</h2>
<p>Perfectly situated on the water, Canary&nbsp;Wharf&nbsp;is a great location to benefit from&nbsp;serenity&nbsp;and connectivity.&nbsp;Local parks and the Crossrail Roof Garden act as a perfect reprise to escape the hustle and bustle of busy life in Canary Wharf.&nbsp;The Zone 2 setting is ideal for those working in the financial hub, the City,&nbsp;or students commuting across the capital,&nbsp;with convenient links via&nbsp;the&nbsp;Jubilee line&nbsp;and&nbsp;Docklands&nbsp;Light&nbsp;Railway.&nbsp; &nbsp;</p>
<p style="text-align: center;"><em>&ldquo;The Wharf has&nbsp;vastly&nbsp;developed over the years,&nbsp;transforming&nbsp;from 17<sup>th</sup>&nbsp;century marshlands,&nbsp;to&nbsp;busy docklands in the&nbsp;20<sup>th</sup>&nbsp;century&nbsp;and&nbsp;today&nbsp;as the&nbsp;financial hub of the country with&nbsp;an&nbsp;iconic skyline. Buyers can find a varied range of properties in E14,&nbsp;such as&nbsp;new&nbsp;high-rise&nbsp;apartments&nbsp;with all the desired facilities for modern day living,&nbsp;but also warehouse conversions, low-rise riverside apartments and older estates for those looking for something a little bit different.&rdquo;&nbsp;</em>&nbsp;</p>
<p style="text-align: center;"><em><strong>Mark Montes, Head of&nbsp;Sales Canary Wharf</strong></em>&nbsp;&nbsp;</p>
<h2 style="text-align: left;"><span style="text-align: left;"><strong>Looking&nbsp;to buy&nbsp;in&nbsp;Stratford?&nbsp;</strong></span></h2>
<p style="text-align: left;"><span style="text-align: left;"></span></p>
<p>Stratford has become a hotspot for people of all ages to live in since the 2012 London Olympics.&nbsp;From&nbsp;apartments once inhabited by famous athletes&nbsp;inside modern&nbsp;residential developments&nbsp;to warehouse conversions alongside the River Lea, Stratford caters for all property preferences.&nbsp;The mix of traditional and modern in Stratford is evident with the surplus of homes surrounded by garden squares.&nbsp;</p>
<p style="text-align: center;"><em>&ldquo;Our<a href="https://residential.jll.co.uk/insights/research/has-covid-19-altered-our-housing-needs">&nbsp;<em>latest research</em>&nbsp;</a>indicates how green spaces and plenty of amenities on your doorstep are a must&nbsp;and&nbsp;you&rsquo;re never short of&nbsp;activities&nbsp;in Stratford.&nbsp;With the&nbsp;luscious&nbsp;Queen Elizabeth Park,&nbsp;Westfield&nbsp;shopping&nbsp;centre, boutique restaurants, bars and cafes&nbsp;all&nbsp;provide&nbsp;an ideal place for families to expand into larger homes and young professionals&nbsp;to make their&nbsp;first purchase, which the stamp duty cut has allowed both to do.&rdquo;</em>&nbsp;</p>
<p style="text-align: center;"><em><strong>Michael Harvey, Senior Sales Consultant Stratford</strong></em>&nbsp;</p>
<p style="text-align: left;"><span style="text-align: left;">Discover the properties we have for sale below and find out how much you can save on the new stamp duty savings by using our stamp duty calculator </span><a href="https://residential.jll.co.uk/stamp-duty-calculator" style="text-align: left;">here</a><span style="text-align: left;">.</span></p>
<p style="text-align: center;">&nbsp;</p>
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            <p><img src="https://dev-cms-resi.eu.jll.com/images/default-source/default-album/canary-wharf.tmb-medium.jpg?sfvrsn=14a1371_1" width="240" height="119" alt="Canary Wharf" /></p>
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            <p><img width="240" height="119" src="https://dev-cms-resi.eu.jll.com/images/default-source/default-album/stratford.tmb-medium.jpg?sfvrsn=e922c74e_1" alt="Stratford" /></p>
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            <p><a href="https://residential.jll.co.uk/search/homes-for-sale-canary-wharf"><strong>Properties for sale in Canary Wharf</strong></a></p>
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            <td style="width: 25%;">
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            <p><a href="https://residential.jll.co.uk/search/houses-apartments-for-sale-stratford"><strong>Properties for sale in Stratford</strong></a></p>
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<p style="text-align:center;"><a href="mailto:residential.marketing@eu.jll.com " target="_blank"><button class="Button primary">Contact us</button></a></p>
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Stamp Duty Spotlight: Canary Wharf and Stratford

East London, Canary Wharf and Stratford, stamp duty homes available to buy from JLL Residential.

With the new changes to the Stamp Duty and Land Tax we look at why these two areas in East London are a great place to live and invest in.

Looking to buy in East London? Read our Spotlight on Canary Wharf and Stratford here.

Looking to&nbsp;move to&nbsp;East London? Explore our portfolio of homes,&nbsp;the local area&nbsp;and find out how much you can save with the new stamp duty rates.

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Canary Wharf

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Spotlight on Canary Wharf

Stamp Duty Spotlight: Canary Wharf and Stratford