Canary Wharf ''dominates London property market''

Canary Wharf is dominating the London property market and will remain this popular for the foreseeable future, according to one expert.

Mat Oakley, the spokesperson for Savills estate agency in the area, says that Canary Wharf''s property market is remarkably different to the rest of East London and this is mainly due to the excellent accessibility and amenities in the area.

"When you''re talking about the docklands there are two very distinct and unconnected markets. The first is Canary Wharf and the rest is the rest of the area.

"You don''t have to go far away from Canary Wharf to see rents and tenant demand drop considerably. That''s ultimately down to infrastructure both transport, retail and leisure."

He said the transport links are the single most important factor to the long-term attractiveness of Canary Wharf because one tube line is increasingly seen as not enough and this area has both the DLR and the Jubilee Line servicing it.


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