Landlords should Keep an Eye on Canary Wharf

I was in Canary Wharf at the weekend staying at a friends apartment. The site of the banking collapse and the ex - home of Lehmann Brothers.

I haven't been there for a number of years. I was shocked by the enormous amount of apartment towers in the process of been built. Gigantic structures waiting to be purchased by unsuspecting foreign investors.

These enormous glass towers were set to be filled by the growing influx of bankers and financial professionals set to inhabit the ever more successful global financial centre. Sorry, stop giggling at the back!

I guess you would call them 'yuppies.' As with the last property crash many investors lost their shirts, especially in Canary Wharf, which stayed pitiful and crest fallen for a number of years.
OOOPS! We've done it again.

I remember Canary Wharf falling on hard times in the last property crash. The post modern yuppie pads were left empty, the black leather settees and black ash cabinets were re-possessed and re-loaded onto vans.

The party came to a end.
But this time it's different!

The settees are in brown leather and the cabinets are in a light beech veneer. Society moves on - but maybe not as much as we think.

As a property investor I will be doing my research and waiting for the property market to hit bottom in Canary Wharf. I think it potentially has a very long way to fall due to the over supply.

However when the economy recovers, it could potentially be a great opportunity for capital growth.

But for now, what do they say ' don't try to catch a falling knife', because as with the last property bubble Canary Wharf could face the biggest pop.