sooooooo, as most of us know the house prices in London have been increasing over the years dramatically. It has become extremely difficult for people (namely first time buyers), to get on the property ladder due to many factors. The rising prices of properties being one of the major factors, then there's a large deposit which would be required, the stamp duty, solicitors fees.... etc...etc...etc
Many people that were initially based in North London i.e Islington are now being priced OUT of their homes due to the expensive prices of properties. a one bedroom flat in Islington could set you off on 650k, and it would be nothing more than a fews box rooms and an open plan kitchen and living room set as one!!
Obviously the further out you go, the more you get for your money..But not everyone wants to go out because they want to be close to where it 's all " happening"... Also people who work in the city want to be as close to it as possible to save on travel time, money and the whole nightmare of relying and being on public transport.
Major change has occured in the past few years and beyond.
Places such as Dalston, Hackney, Shorditch, Hoxton, Stoke Newington, Forest Gate and a few other places have now become THE places to live and invest in. East London has become a major hot spot for the like of those bing pushed out of their original areas because of the ridiculous prices that they are being faced with. These East London hot spots have now become increasingly on demand, they attract the likes of the Hipsters, fashionistas, first time buyers , families, "trendy's" and generally the young hip crowd. It has now become extremely fashionable to live in East London. Forget North London, it's had it's day and sadly it has pushed people away from it.
So, the places which people used to cringe and turn their noses up at, at are now THE places to set up home. These places are all considered up and coming.
AND ....with the Cross rail coming in very soon, this is going to also BOOM the places to a higher level. Places such as Forest Gate will attract a scramble of buyers racing to get their homes in that area. The Cross rail will improve locations because they will become easily accessible to the city and west end.. Transport is everything!! House prices will rise in that area and no doubt the rise of the gentrification clan will start to take place.
Ermmmmmm, cue all the round spec bearded gang who wear their trousers to their ankles.. braces, bright colours, oversized teddy winter coats and girls with hair scrapped into a top knot start to emerge.. cue organic shops and yoga places, cue coffee shops and farm markets...
There are some places on the map that have yet to fall into the category of "up and coming"...places like East Ham... Edmonton (north london) ...Plaistow.... These locations haven't quite got what it takes just yet to attract the "new crowd" ... BUT, who knows.. anything is possible?!
So, in Conclusion, East London is the THE place to be right now... so if you didn't know... get to know... the future lies in the EAST.
Many people that were initially based in North London i.e Islington are now being priced OUT of their homes due to the expensive prices of properties. a one bedroom flat in Islington could set you off on 650k, and it would be nothing more than a fews box rooms and an open plan kitchen and living room set as one!!
Obviously the further out you go, the more you get for your money..But not everyone wants to go out because they want to be close to where it 's all " happening"... Also people who work in the city want to be as close to it as possible to save on travel time, money and the whole nightmare of relying and being on public transport.
Major change has occured in the past few years and beyond.
Places such as Dalston, Hackney, Shorditch, Hoxton, Stoke Newington, Forest Gate and a few other places have now become THE places to live and invest in. East London has become a major hot spot for the like of those bing pushed out of their original areas because of the ridiculous prices that they are being faced with. These East London hot spots have now become increasingly on demand, they attract the likes of the Hipsters, fashionistas, first time buyers , families, "trendy's" and generally the young hip crowd. It has now become extremely fashionable to live in East London. Forget North London, it's had it's day and sadly it has pushed people away from it.
So, the places which people used to cringe and turn their noses up at, at are now THE places to set up home. These places are all considered up and coming.
AND ....with the Cross rail coming in very soon, this is going to also BOOM the places to a higher level. Places such as Forest Gate will attract a scramble of buyers racing to get their homes in that area. The Cross rail will improve locations because they will become easily accessible to the city and west end.. Transport is everything!! House prices will rise in that area and no doubt the rise of the gentrification clan will start to take place.
Ermmmmmm, cue all the round spec bearded gang who wear their trousers to their ankles.. braces, bright colours, oversized teddy winter coats and girls with hair scrapped into a top knot start to emerge.. cue organic shops and yoga places, cue coffee shops and farm markets...
There are some places on the map that have yet to fall into the category of "up and coming"...places like East Ham... Edmonton (north london) ...Plaistow.... These locations haven't quite got what it takes just yet to attract the "new crowd" ... BUT, who knows.. anything is possible?!
So, in Conclusion, East London is the THE place to be right now... so if you didn't know... get to know... the future lies in the EAST.
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