What is area in London residential property investment?
- The best areas are ones that are located close to the City but are still a bit rough. sorry, hope I'm not offending anyone! Reason being, the fact that they're a bit rough means that they're still *relatively* cheap now, but they will, within the next few years, become regenerated and therefore be much nicer places to live. And then when they have been done up nice, their proximity to the City will make them popular with City workers who earn bucketloads. So, yep, definitely Hackney as mentioned above. Also Stoke Newington. Down south go for Lambeth or Kennington. Hornsey was mentioned - sorry but I do not believe that it is a good area to invest in I live there. It's a very pleasant place to live but cannot be thought of as an investment due to the fact that prices will not increase at the rate that they will in other areas. This is because it lacks decent public transport and other basic amenities
- Everywhere and anywhere in London is a investment
- Hackney will eventually become 'gentrified' purely due to the proximity of the city and the fact there are a lot of big Victorian houses with period features. Also anywhere around the Olympic 2012 site should be a good investment. If I were personally buying a property in London, I would probably go for Hornsey as it is a great area, always in demand and very high up, so the Thames, as climate change progresses, should not affect it adversly. Tottenham is also a good area. As a Noth London gal, now living in the country, I am not familiar with South London property hotspots, so sorry about that! Good luck!
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