JLL’s latest residential research report reveals the extent of regeneration in south east London and forecasts that the area will prosper over the next 5-10 years with 12% price growth predicted from 2018-2022
A number of regeneration projects, including the redevelopment of ex-council estates, are transforming the area, and are not only playing a key role in the delivery of much-needed housing, but proving vital in the uprating of many parts of south east London.
Almost 5,000 new private residential units are under construction, providing a more diverse choice for residents. There are also over 29,000 private units in the planning pipeline or unbuilt in existing developments, making it one of London’s most active residential development regions.
One of the keys to the success of south east London is the numerous open spaces. Developers are listening to the needs of residents by also including leafy communal parks and leisure facilities within their schemes
The most significant schemes include the redevelopment of ex-council estates such as the Ferrier Estate in Blackheath, which is being redeveloped as Kidbrooke Village. Other large-scale and non-council estate redevelopment has also taken place on the Greenwich Peninsula, at Bermondsey Spa and at Canada Water, to name a few.
Graham Lawes, Director of residential agency at JLL, comments: ‘South east London has so much to offer residents and there is a wonderful mix of old and new. Greenwich and Blackheath are extremely well established markets with many families living in these areas and surrounding postcodes for generations, while emerging locations such Lewisham, Canada Water, Surrey Quays and North Greenwich offer newer communities.
‘One of the keys to the success of south east London is the numerous open spaces, and many of the developers are listening to the needs of residents by also including leafy communal parks and leisure facilities within their schemes.’