As we move into 2025, it’s the perfect time to look back and reflect on how the SE16 property market performed over the past year. From price trends to buyer demand and new developments, 2024 was a year that saw stability and growth in this vibrant part of London. At Alex & Matteo Estate Agents, we’ve been proud to guide buyers, sellers, landlords, and tenants through the local market and are here to share key insights from the year.
The SE16 area, encompassing areas such as Bermondsey, Rotherhithe, Canada Water, and Surrey Quays, has continued to be a hotspot for property interest. Its combination of excellent transport links, riverside living, green spaces, and ongoing regeneration projects has maintained its appeal to a wide range of buyers and investors.
Bermondsey
In 2024, we witnessed steady price growth across both sales and rentals in SE16. While rising interest rates impacted affordability at the start of the year, market confidence rebounded by mid-2024 as inflation stabilised and mortgage options improved. First-time buyers, families, and professionals relocating to SE16 were particularly active, drawn to its urban charm and affordability compared to central London.
One of the key themes of 2024 was stability in SE16 property prices. Compared to areas of central London, where price fluctuations were more pronounced, SE16 remained a resilient market.
Family Home
The regeneration of Canada Water and improvements to local infrastructure have played a key role in sustaining property values. Buyers and investors recognise SE16’s long-term potential, with projects like the Canada Water Masterplan continuing to transform the area into a hub for residential, commercial, and green spaces.
Canada Water
The rental market in SE16 remained robust throughout 2024, with rental yields continuing to attract buy-to-let investors. This year saw a significant increase in demand for rental properties, particularly from professionals and young families looking for flexible living options close to central London.
Modern Properties
Rental Properties
For landlords, SE16 offered strong opportunities for investment, with both short-term rental income and long-term capital growth proving attractive. At Alex & Matteo, we’ve supported landlords by matching quality tenants to their properties, ensuring consistent yields throughout the year.
In 2024, SE16 presented balanced opportunities for both buyers and sellers. At the start of the year, rising interest rates prompted caution among some buyers, but by summer, confidence returned as mortgage rates began to stabilise.
Spa Gardens
For sellers, realistic pricing and preparation were key to attracting buyers in a competitive market. Properties that were well-maintained and priced appropriately often sold quickly, particularly in sought-after areas like Bermondsey and Canada Water.
For buyers, SE16 remained an attractive option due to its affordability compared to other London postcodes. The variety of housing—from modern riverside flats to period conversions—meant there was something to suit every budget and lifestyle.
The regeneration of Canada Water continued to dominate headlines this year. As one of London’s largest regeneration projects, the area is being transformed into a mixed-use hub with homes, offices, retail spaces, and new green areas.
Other developments, such as improvements to Surrey Quays Shopping Centre and the creation of new community spaces, further boosted the area’s appeal. These projects have not only enhanced the quality of life for residents but also attracted more investors to the SE16 market.
In addition, Rotherhithe’s green spaces and quieter residential streets drew attention from families and those seeking a better work-life balance. With ongoing improvements to parks and cycling routes, SE16 solidified its reputation as a desirable place to live.
Looking ahead, the SE16 property market is set for continued growth in 2025. Key drivers include:
At Alex & Matteo Estate Agents, we anticipate that SE16 will remain a top choice for buyers, sellers, and investors. Its unique combination of riverside living, community spirit, and urban regeneration makes it a standout location in London.
The SE16 property market demonstrated impressive resilience and growth in 2024, making it one of London’s most promising areas for buyers, sellers, and investors alike. With ongoing regeneration projects, strong rental demand, and a balanced market, SE16 continues to offer excellent opportunities for those looking to live or invest in the area.
At Alex & Matteo Estate Agents, we are committed to helping our clients navigate the SE16 property market with confidence. Whether you’re considering buying, selling, or letting a property, our expert local knowledge and personalised service ensure you’re always in the best hands.
If you’re ready to make a move in SE16, get in touch with us today to discuss how we can help you achieve your property goals in 2025.
