
Wapping has undergone a considerable transformation over the past four decades, having changed from a neglected former industrial zone into a fashionable residential location with a growing and increasingly affluent population, and lively social scene.
However, will it continue to attract people to live in the area going forward in the face of significant competition from other regeneration areas elsewhere across the capital?
On the face of it, the short to medium term outlook is bright. Over the next decade, Wapping’s population is forecast to rise by 14% compared to the London average growth rate of 8.6%. The Tower Hamlets local plan intends to facilitate further improvements to local amenities and encourage new housing development to cater for the projected population growth.
Read Chestertons’ full review below, to find out our predictions for the future of Wapping in context of the current supply and demand, and property prices.