It’s been more than 10 years since Capital & Counties Properties PLC purchased over a million sq ft of deserted land and building space in London’s Covent Garden and today, the property around the locality is bustling with a multi-racial crowd and values at £2 billion.
Today, after almost a decade of hard work by developers, Covent Garden stands as one of the premier neighbourhoods in Central London. The iconic status that the locality has isn’t just because of soaring property values, but also because of the growth in potential for luxury property development.
Estate agent Covent Garden experts Greater London Properties, have seen a rise in the number of commercial and residential luxury properties in and around the neighbourhood. Many smart homes and boutique retail units have sprung up, creating an oasis for luxury residential and commercial property development.
Additionally, the traditional tourist trap that existed in the locality almost 10 years ago has long since disappeared, leaving behind a pristine locality ready for occupation by locals.
From weekend crash pads to office spaces for overseas entrepreneurs, Covent Garden offers space for all types of buyers. Today, almost 28% of buyers are willing to pay up to £5 million for properties in and around Covent Garden, making it one of the hottest neighbourhoods in Central London.
If you would like to speak with a London Estate Agent please call a member of the Greater London Properties Team who would be delighted to help. We specialize in Residential Sales and Lettings plus Commercial Offices and Retail. Our branches are based in our Soho and Bloomsbury the team are always on hand to discuss property in Central London.
Call Greater London Properties, Estate Agent London today on 0207 113 1066.
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