The UK has seen one of its longest real estate price slumps in decades.
According to agency Frank Knight, home prices in Central London have dropped by about 12.9 percent since August 2015, making it a buyers’ market right now. Marc von Grundherr, a director at realty firm Benham & Reeves, says that some developers are even turning to incentives such as free furniture and discounts to attract buyers. If you’re property hunting in London, there plenty of excellent quality offerings available that won’t break the bank. Here are three gorgeous new developments to consider.
The Atlas Building
Located in Tech City, close to Shoreditch, Islington, Farringdon and the City of London, The Atlas Building is a mixed-use development that includes a striking 38-storey residential tower, a 10-storey office building, as well as a public piazza and retail space. Developed by Rocket Properties and designed by award-winning architecture practice MAKE, the building has an eye-catching façade composed of nine architectural blades with staggered balconies and terraces. The interiors, designed by Woods Bagot, reflect the unique identity and spirit of the local area, and are finished to an exceptional level with engineered timber flooring, stainless steel ironmongery, and bespoke fitted wardrobes. Each apartment features floor-to-ceiling glazing, which maximises the dual-aspect views across the city, framing scenes of iconic landmarks such as The Shard and St Paul’s Cathdral. The apartments range from 538-square-feet for a one-bedroom to 1,604-square-feet for a three-bedroom apartment. Prices for two-bedroom units start at £1,037,000.
Completed in 2017 by developers Ronson Capital Partners, Riverwalk – which is located along the River Thames, within the prime postcode SW1, and close The West End and Chelsea – has only two apartments left for sale. Designed by RIBA Sterling prize-winning architecture Stanton Williams with a curved exterior and interior that echoes the fluid form of the Thames, Riverwalk’s public areas are exquisitely finished with dark oak engineered and Calacatta Oro marble.The development’s 1,290-square-feet, two-bedroom apartments and 1,925-square-feet, three-bedroom apartments are priced between £2,850,000 to £3,950,000, and all come with balconies that look out to the river, Carrera marble bathrooms, and Boffi kitchens with Gaggenau and Miele appliances. Residents have access to the Riverwalk’s gym, valet parking, as well as a twenty-four-hour, five-star concierge service.
From developers Taylor Wimpey Central London comes The Denizen, a new City of London financial district address with just 99 units. The property, which is slated for completion in 2020 have units that are now available for purchase. Designed by award-winning international practice Alford Hall Monahan Morris with a handsome brick-clad façade, the interiors of the apartments portray an eloquent articulation of contemporary living with balconies and terraces, bespoke stone worktop kitchens, integrated appliances, and hardwood floors with underfloor heating. Units range from 527-square-feet for one-bedrooms to 1,345-square-feet for three-bedrooms, and are priced between £765,000 to £2,040,000.“The City is well-established as a world-class business hub, but its growing lifestyle offering, including a quality mix of new restaurants, bars and retailers has put it firmly on the map as a highly desirable place to live. For those working or studying in the Square Mile, The Denizen offers beautifully-designed, contemporary apartments, all within walking distance of both work and leisure. With Barbican, Moorgate and Farringdon stations within easy reach, as well as Crossrail coming soon, the rest of London is moments away,” says Alex Greaves, Sales and Marketing Director, Taylor Wimpey Central London.
Photography by Riverwalk, The Atlas Building, and The Denizen