London is seen as one of the best cities in the UK for property investment. London is ripe with investment opportunities across the full real estate spectrum. Properties in any price range can be found in London for investment purposes.
Like any industrialised capital city, London evolves and grows larger consistently, especially looking at the real estate markets. There are many parts of London falling in and out of popularity among investors and homebuyers.
Some areas in London have been steadily growing in value and remain some of the best areas for both home buyers and investors, and these are some of the best areas to buy property in London.
Redbridge is seen as one of the major three areas to buy property in and overflows with investment opportunities. Redbridge property values vary from around £294,000 to £709,000 in the areas of Little Heath and Woodford Wells. The properties in this area have shown a 17% increase in house prices over the last five years.
Prospects in Redbridge is seen to grow more with the development of The New Elizabeth Line in transport for the area. Commuters can travel as far as Reading.
Barking and Dagenham
Dagenham is a quiet suburban town in east London, providing a comfortable and relaxed neighbourhood. The Borough of Barking and Dagenham covers a wide area that stretches from Barking to Rush Green in East London. The area possesses many great qualities and has a reputation as one of the best boroughs in London. It’s the perfect area for family living.
Barking and Dagenham has seen high growth in sales and value increasing. It is seen as the best in the average price increases for the capital.
The borough also has many transport links creating ease of getting around and travelling. Plans are also being put into action for a Crossrail station.
Tower Hamlets is significantly more expensive than some of the neighbouring boroughs. Tower Hamlets has a lot going for it regarding sub-areas and other attractive prospects. Some of the most astonishing sub-areas in Tower Hamlets include Canary Wharf, Whitechapel. And Poplar.
Tower Hamlets are extremely popular with investors and seen as an area that boasts steady value increases and safe investment opportunities.
Purchasing property in the right area is of utmost importance, whether buying for home living or as an investment.