The Times has reported (06/03) that the number of skyscrapers in the Capital is set to double by 2030. A great sign of institutional and corporate confidence in the housing market.
A skyscraper is named accordingly if it has 20 or more storeys.
In the past 5 years, 147 towers have been built across London, with a total currently in the capital of 360.
Another 541 are in the pipeline: currently 121 are under construction, 291 have been granted planning permission and 129 are in the planning process.
Ealing Borough is leading the way with 24 planned, an increase of 1100% given we have only two at the moment that are deemed 'skyscraper'.
A reported shortage of housing is driving the surge in construction. Ealing’s construction of skyscrapers appears dominate in North Acton near the station and around Portal Way and towards Hanger Lane.
Donald Collins, Sales Director, comments: “At this rate, London will soon have over 1000 sky scrapers, with tight regulations surrounding green belt land in and around the M25 and the demand for central London living it is no surprise that developers are building up.
“As with all developments though it’s important the mass and density of the developments reflects local architecture and the ambience of the area. These schemes we always tend to find perform best from a selling viewpoint too.
“This news also reflects institutional and corporate confidence in London’s property market both from a commercial and residential perspective.”