Home Front logoHappy New Year and welcome to 2015! So with 2014 now firmly behind us it’s time to look ahead and take stock of the expectations for the year ahead. Early indications show that property prices will slow down and settle into a steady incline rather than the huge leaps month on month that we have experienced over the last 12 months. Mortgage lending continues to gather strength but criteria to lend is still going to be tough and a healthy deposit whether you are buying to let or obtaining a residential mortgage is a must. The Bank of England  are expected to turn their attention to interest rates and predictions are they are likely to be  increased this year at some stage but unlikely to have too much of an impact on consumers  decision to join the property market or move up the property ladder further as their families grow. Up to now, the strongest growth in prime London has been recorded in Islington, Canary Wharf and Wapping, reflecting confidence among young financial sector employees and investor buyers targeting these professionals. This buoyancy has enticed more developers to pitch their schemes higher up the market. Certainly for us wharfers to see us having the strongest growth in prime London it is a real vote of confidence to invest within the area. It’s not rocket science to realise that with the arrival of Cross Rail in the next couple of years and the continued new developments both residential and commercial can only add value and continued interest in this fabulous micro climate know as Canary Wharf. I personally predict that 2015 will be another exciting year here both for sales and rentals. Landlords are continuing to enjoy rent rises year on year as more companies continue to move into the Wharf the demand for good rental stock continues. Certainly a year full of hope and expectations and true confidence that finally there is some real stability rippling throughout this once unsettled market. Welcome 2015 it’s going to be a good one!