London Property Hotspots For 2017buy before the estate agents start upping the prices
This week Topology are informing you on where’s good to invest if you’re thinking of buying a property in London. I’d like to say that these up and coming London areas are currently affordable, but unfortunately nothing in London is affordable anymore. The way I feel is appropriate to phrase this, is that the following London districts mentioned are ‘cheaper’ than what they will be in a few years if not months. If you are one of the luckier ones to be able to get a deposit down, think about these areas.
- ELEPHANT AND CASTLE
- To me this area has always been a bit of a run down industrial area full of congested roads. However E&C has just undergone a huge redevelopment making the area with it’s new park with a further £1.5 billion to be injected into shops and homes etc. TOP TIP: Head to Mercado Metropolitano for a great and cheap night out. It’s an industrial space filled with street food vendors and a “backyard cinema” experience.
BATTERSEA/ NINE ELMS
With the recent development of Battersea Power station, property prices are already rising in the district including the nine elms area. The power station, Grade 2 listed, is undergoing a massive redevelopment costing around £16 billion, think shops, houses, cinema etc. If you’re an apple fan, you’ll be pleased to know that Apple’s HQ is also moving in to the area.
Ah yes, the home of our fave Sarah Akwisombe. Traditionally Croydon hasn’t had the best reputation with formerly run down areas and a typically higher crime rate than other places. However, just as you expect these outer London areas are becoming increasingly fashionable to settle down in. You’ll be pleased to know a £1 billion investment is currently underway to create a shopping centre that is going to give Westfield Stratford a run for it’s money.
Formerly overlooked by it’s bigger and better neighbor Canary Wharf, canning town is said to be one of the best places to invest in right now. £3.7 billion is being pumped in to the area to create 10,000 new homes, shops and a new station on the Elizabeth line which will take you to Paddington in just 20 minutes and then on to Heathrow and Reading.
Let us know if you have any predictions on where is going to be a hub for exciting new places to live in London. We also think Peckham, Brent and Oval are places to watch out for!