Best areas to buy property in East London
The East London of today looks nothing like it did a few years ago, having fast become one of the hottest locations for property investment and home ownership. The place is filled with the history of past and present and varied cultural traits. Read more about the following top 5 East London neighborhoods:
- Canary Wharf,
- Poplar,
- Shoreditch,
- Stratford,
- Hackney.
Canary Wharf: The investor's paradise
With its immense and soaring office towers, Canary Wharf is a leading financial center making it an ideal location for property investment. Thanks to those gleaming skyscrapers and modern buildings, it is apparent that this place calls the shots when it comes to the economy.
Canary Wharf is the biggest of its kind in Europe, and it has experienced a significant stimulus to its real estate market which results from the vast development projects founded within this district. The steady escalation in their values over time and high rental yields have attracted investors. The multinational corporations will provide a huge source of demand for housing, which would be an excellent opportunity to see ROI.
The fact that there are connections to major transportation arteries represents yet another positive point for this district. Thanks to nearby the Jubilee Line and DLR, it makes commuting a breeze. Furthermore, the imminent arrival of Crossrail will further improve how accessible Wembley Park is to residents and investors alike.
Buying property in Canary Wharf is great for a long-term investment because real estate in this area only grows every year. A stable investment in the business center of the city. It can also be rented out to people who work here or come for business meetings.
Poplar: Great potential
An attractive prospect for property investment is Poplar, one of the up-and-coming parts of East London. It is situated near Canary Wharf which provides the best of everything, a divine blend of historical beauty with modern amenities. Victorian terraces and historic buildings add authenticity and new designs to the neighborhood. Poplar shines in its affordability relative to neighbouring areas, which makes it attractive for both first-time buyers and investors.
With redevelopment continuing, the potential for substantial capital growth is promising.
The location is well served by the DLR, allowing fast commuting to Canary Wharf and central London. Now with better infrastructure and new educational, and healthcare facilities, locational connectivity has attracted stay-on-pro communities.
All in all, buying an apartment in Poplar is a good choice for living in the city center and not far from work, with good infrastructure nearby. Our advice for investors is to buy a rental property here.
Shoreditch: Where creativity meets opportunity
Shoreditch in particular captures that cultured, artsy and entrepreneurial vibe. A Mecca for Creativity, the area has a new energy with young urbanites looking to live in amongst some of Londons most vibrant scenes.
In Shoreditch, flats are as diverse — lofts to slick studios. The region's character and capital growth prospects – are two key virtues that continue to entice buyers, whether they're looking to live there or invest.
The local amenities are also a major factor in its allure, of course. Offering an eclectic mix of independent boutiques, cool cafes and international street art, it's the ideal place to soak up a unique environment that is in equal parts both inspiring and exciting. More similar landmarks like the Boxpark and Brick Lane give it more glory of being a place to visit stapling its name on the London map.
Stratford: The epitome of regeneration
The most drastic changes have come post-London 2012 in Stratford. The area's revitalisation has brought about a significant amount of property development, transforming Stratford into the one to watch for real estate investment opportunities. You've probably heard of these attractions:
- Queen Elizabeth Olympic Park,
- Westfield Stratford City Shopping Centre,
- Discover Children's Story Centre.
Investors are showing a keen interest in Stratford, given that the prices of property here are relatively low as compared to other areas of London. The neighborhood presents contemporary housing options with comprehensive amenities that cater to the high-end and mid-range market looking for superiority at unbeatable prices.
These are but some reasons why people choose Stratford to buy property - to rent or for personal use. Just a nice and quiet place to live.
Hackney: Balancing tradition and modernity
Combining heritage style with modern-day practical living, Hackney is one of a kind. The rate of interest among families and young professionals has risen due to the area's attractive streets, and parks.
For its part, new development in Hackney remains a blend of updated Victorian houses and newer apartments. Investors also like the community feeling and steady increase in real estate values — a sign of growth.
This area is suitable for investments of any nature. Of this top, Hackney is the closest neighborhood to the city center. That's why offers are scarce and sell out quickly. Where there's scarcity, there's demand and prices rise.
Hackney's identity is founded in its cultural richness. There is a thriving arts scene with landmarks such as the Hackney Empire, several live music venues and dozens of art galleries. Moreover, the vast number of parks and canals give residents an easy excuse to relax in the outdoors which improves their quality of life overall.
Making the right choice
East London offers a wide variety of areas to choose from, and making an investment comes down largely on where priorities lie – whether it is the potential for good returns, lifestyle changes or affordability. On the one hand, you have areas like Canary Wharf & Stratford that present ample opportunity for investment into solid returns. But on the other, we see neighborhoods such as Shoreditch and Hackney where it is positive to live there with an enriched lifestyle of food, culture, and community spirit.
