Southside
About South Bank
South Bank, located on the south side of the River Thames, is a vibrant and culturally rich area in London that offers a diverse array of attractions, activities, and experiences. Here, you can delve into the heart of London’s arts and culture scene.
Arts & Culture
South Bank is home to some of the world’s most celebrated cultural institutions. The National Theatre and the Southbank Centre are must-visit destinations, offering a range of performances, films, and exhibitions. The BFI IMAX and the Young Vic theatre also provide a plethora of cultural events, from the latest film releases to innovative theatrical productions. For art enthusiasts, the Hayward Gallery within the Southbank Centre is a highlight, featuring contemporary art exhibitions.
Attractions
This area boasts some of London's most iconic attractions. The London Eye, a giant Ferris wheel, offers breathtaking 30-minute flights with stunning views of London landmarks. The SEA LIFE London Aquarium and the London Dungeon are popular spots for families, while the Imperial War Museum and HMS Belfast provide insightful historical experiences. The HMS Belfast, a World War II warship, is particularly noteworthy for its well-laid-out tours and unique insight into wartime conditions.
Outdoors
South Bank’s outdoor spaces are inviting year-round. The Queen’s Walk, a pedestrianised riverside walkway between Lambeth Bridge and Tower Bridge, is perfect for people-watching, enjoying lazy afternoons at pavement cafes, and browsing through bookshops and market stalls. The area also features the Undercroft of the Southbank Centre, the world’s oldest continually used skate park, and the Instagram-worthy Leake Street Tunnel, known for its constantly changing street art.
Shopping and Dining
For shoppers, South Bank offers a unique experience with its eclectic independent boutiques, artisan studios, and gift shops. You can find unique gifts, bespoke fashion, and specialist books that are hard to find elsewhere. The area is also renowned for its dining options, with restaurants and bars along the river, in the street-art-covered Leake Street Arches, and around Gabriel's Wharf. The Southbank Centre’s terrace is another great spot to enjoy food and drinks with river views.
Experiences
South Bank is not just about passive observation; it’s also a place to engage in various activities. You can join a graffiti workshop with a local street artist, take a speedboat tour with Thames Rockets, or explore the immersive escape room adventures. The Queen Elizabeth Hall Roof Garden, a secret hideaway in summer, is ideal for relaxing with a book or enjoying a cocktail among the plants.
Commercial Property Agents
When it comes to navigating the complex and vibrant commercial property market in London, understanding the unique characteristics of different areas is crucial. Here’s a glimpse into what you need to know about commercial properties in key London locations.
Central London
Central London, particularly areas like the City and Westminster, is a hub for high-end office spaces, luxury retail, and prime investment opportunities. This region is home to many global corporations, financial institutions, and prestigious businesses. The demand for commercial properties here is consistently high, driven by the area's excellent transportation links, world-class amenities, and the presence of iconic landmarks.
South London
South London, including areas such as South Bank and the Southern Fringe, offers a diverse range of commercial properties. This region is gaining popularity due to its proximity to central London, affordable prices compared to the city center, and a thriving cultural scene. South London is ideal for businesses looking for industrial, office, and retail spaces with easy access to major transport hubs. The area is also known for its development opportunities, making it a hotspot for investors and developers.
Greater London Area
The Greater London area encompasses a broad spectrum of commercial property types, from logistics and industrial spaces in the outer boroughs to retail and office spaces in suburban towns. This area benefits from a balanced mix of local and international businesses, supported by a robust transport network. For businesses seeking to expand or relocate, the Greater London area offers a variety of options tailored to different needs and budgets.
Each of these regions presents unique advantages and opportunities, making London a dynamic and attractive market for commercial property seekers. Whether you are looking to invest, lease, or purchase, understanding the local market dynamics is essential for making informed decisions.
Residential Property Agents
London Property Market Outlook for 2025
As we step into 2025, the London property market is poised for significant growth and activity, making it an exciting time for buyers, sellers, and landlords alike.
House Price Growth
Experts predict a steady rise in house prices across London. According to forecasts, property prices are expected to increase by around 3% in 2025, with Prime Central London potentially seeing a slightly higher growth rate of 3.5%. Over the next five years, prices are anticipated to climb by 21.6%, which is promising news for sellers looking to maximize their returns and for buyers seeking a valuable long-term investment.
Mortgage Rates and Affordability
Mortgage rates are forecasted to ease, dropping to around 4.0% in 2025, down from the current rates of 4.8% or more for fixed-term loans. This reduction in mortgage rates will make homes more affordable, encouraging more buyers to enter the market. With property transactions expected to reach 1.15 million this year, the market is set to be bustling with activity.
Rental Market
The rental market in London is also experiencing a surge. Demand continues to outstrip supply, leading to an estimated 6% increase in rents in 2025. This trend is particularly beneficial for landlords, who can expect strong yields, especially in popular areas like Brixton and Greenwich. For renters, it's a signal to act quickly to secure a property before rents rise further.
Market Dynamics and Buyer Power
Despite the anticipation of higher stamp duty charges from April 1, 2025, the market is expected to remain a buyer’s market. The number of available homes per estate agent branch is at its highest in a decade, giving buyers more negotiating power. However, attractive homes in popular areas are still being snapped up quickly, so buyers should be prepared to act decisively.
London's Enduring Appeal
London's status as a global financial and cultural hub continues to attract international investors and professionals. The city's diverse economy provides stability, ensuring the property market remains resilient even in the face of broader economic uncertainties. This enduring appeal is expected to drive a house price resurgence in London, particularly as major companies return to full-time office working.
Property For Sale
When considering property for sale in South London, you are presented with a diverse array of options that cater to various needs and budgets. Here are some key points to consider:
Property Types and Prices
South London offers a wide range of properties, from sleek modern apartments to traditional family homes. For instance, you can find a stylish one-bedroom flat in Brixton with a private balcony and cycle storage, priced around £500,000.
For those seeking more space, a three-bedroom terraced house in Thornton Heath, complete with a garage and close proximity to local amenities, is available for a guide price of £710,000.
Locations and Amenities
Different areas in South London provide unique benefits. For example, properties in Oval and Kennington offer central locations with easy access to public transport and amenities. A two-bedroom flat in Atkinson Close, Wimbledon, is a new build with two bathrooms and a chain-free status, priced at £950,000.
In contrast, areas like Surbiton and Kingston present more suburban living options. A beautifully presented one-bedroom apartment in Lovelace Gardens, Surbiton, is available for £700,000.
Market Trends
The property market in London, including South London, is expected to see a resurgence in 2025. Predictions suggest an increase in house prices and a higher number of transactions, driven by factors such as falling mortgage rates and increased first-time buyer activity.
Despite the upcoming changes to stamp duty tax, the first three months of 2025 are anticipated to be particularly busy as buyers aim to complete purchases before the tax increase.
Affordability and Growth
While some areas like Lewisham have seen significant house price growth, other areas such as Hammersmith and Kensington have experienced more modest increases. This disparity is often linked to affordability issues and local factors like the closure of Hammersmith Bridge.
Overall, South London presents a dynamic and varied property market, offering something for every buyer, whether you are a first-time buyer or looking to upgrade your current home.
Property For Rent
When searching for properties to rent in South London, you are presented with a diverse array of options that cater to various needs and budgets. Here are some key points to consider:
Location and Accessibility
South London encompasses a broad range of areas, each with its unique character and advantages. For instance, areas like Clapham, Tooting, and Crystal Palace offer excellent transport links, with many properties located within a short walk to local train stations. This makes commuting to central London or other parts of the city highly convenient.
Property Types and Amenities
The rental market in South London includes a wide range of property types, from stylish one-bedroom apartments to spacious three-bedroom houses. Many of these properties come with modern amenities such as 24-hour concierge services, private balconies, residents' gyms, and co-working areas. For example, a one-bedroom flat in Lambert House, London SW11, features a private balcony and access to a residents' gym.
Pricing and Affordability
Rent prices in South London vary significantly depending on the location, size, and condition of the property. You can find one-bedroom flats starting from around £1,300 to £1,750 per month, while two-bedroom apartments can range from £1,500 to £3,250 per month. Larger properties, such as four-bedroom maisonettes, can cost upwards of £3,553 per month.
Furnishing and Condition
Many properties in South London are available furnished, which can be a significant advantage for those looking to move in quickly. Additionally, some properties are newly refurbished, offering a modern and comfortable living environment. For example, a two-bedroom flat on Alcester Road in Wallington is newly refurbished and features a 688 sq ft floor area.
Student and Family-Friendly Options
South London also offers options that are suitable for students and families. Properties like the four-bedroom maisonette on Olney Road welcome students and provide ample space for shared living. For families, houses with large open-plan living areas, such as the three-bedroom end of terrace house on Wincanton Road, are ideal.
These factors make South London an attractive option for renters seeking a balance of convenience, comfort, and affordability.