Widely regarded as one of the best cities in the world, London offers a wealth of opportunities for anyone considering moving to the nation’s capital. With the emergence of Crossrail breathing new life into previously unloved parts of London, there are a few rising stars when it comes to where the smart people are investing their money. According to Knightsbridge estate agent Plaza Estates, “There’s never been a better time to move to London- it’s more exciting than ever before, and transport and regeneration projects have opened up a whole new world of opportunities to investors.”
Bow estate agent Peach Properties says, “If you’re looking to some of London’s property hot spots, you’ll need to act fast to avoid disappointment!” Here are a few of the most talked about hotspots in London for 2016:
Acton, previously regarded as Chiswick and Ealing’s poor relation, the area has been subject to a major regeneration project over the past few years. Originally referred to in Anglo Saxon times as Oak Farm, it’s going back to its roots with plenty of green space and offers a bit of countryside charm despite its city location.
Canary Wharf. Most commonly recognised for its high flying business people and shiny skyscrapers, Canary Wharf has recently become one of London’s most sought after residential locations. With its plethora of bars, restaurants and glamourous penthouses, this is one of the top places to choose if you’re looking for a bit of luxury.
Hackney. Subject to a huge regeneration project, Hackney has undergone a major facelift and is now one of the most popular locations for investors. Artistic, trendy people love it for its eclectic atmosphere, music scene and multiculturalism, and there are some glamorous apartments emerging among the Victorian terraces and Edwardian villas.
Kings Cross. Excellent transport links and close proximity to tourist attractions like Regents Park and the British Library have always put Kings Cross high on the list in terms of location, but its recent metamorphosis has attracted a whole new kind of investor. Luxury penthouses share the landscape with Victorian and Edwardian terraces, and there’s plenty to see and do around here.
Old Oak Common. The brainchild of previous Mayor of London Boris Johnson, Old Oak Common has been one of the country’s most talked about regeneration schemes and has had a staggering £10Billion invested into its development. Currently being hailed as “The Canary Wharf of West London”, the area will bring thousands of new homes and is attracting interest from investors from across the globe.
Stratford. Until recently, this corner of East London was regarded as run down and undesirable. The 2012 Olympics changed all that, and the area has now been transformed with chic penthouses, shiny apartment blocks and a new shopping centre.
Central London estate agent LDG says, “For those looking for culture, great places to eat and drink and a thriving economy, the pros outweigh the cons. If you’re thinking about moving to London, there are some fantastic investment opportunities around at the moment.”