By Ashley Osborne | Head of UK Residential & Managing Director – International Properties
London is a popular choice among property investors with its safe haven status, strong market prospects and diverse neighbourhoods. Some neighbourhoods in particular have become investment hotspots for properties in recent years that you should be on the lookout for in the following areas of London.
The Canary Wharf business district is home to high-end residences among the modern office skyline. A significant development taking place here is the construction of the Canary Wharf station on the Crossrail line, due to open in 2018. The Crossrail station will connect Canary Wharf with City of London, another major business district, and other key locations such as the West End and Heathrow. This ease of access will make Canary Wharf an investment hotspot of residential property in London.
Elephant and Castle
Elephant and Castle is in the borough of Southwark, London’s integrated transportation hub with London Bridge station and Waterloo station, two of the biggest transport hubs that connect London with other cities. The area has been undergoing significant regeneration and is currently considered one of the best places to invest in property in London. With plans for several open spaces, retail spaces, and a town centre, it will become an increasingly conducive place to live in. The area will accommodate 5000 new and replacement homes surrounded by plenty of green spaces and public facilities.
The borough of Hammersmith and Fulham has 5 key regeneration areas that will undergo substantial developments in the next decade. The arts and entertainment scene coupled with the centre of commercial activity in West London make the area a growing hotspot for residential property investment.
The area known for its railway and underground networks has been undergoing a significant transformation into an urban neighbourhood. In addition to new commercial buildings, parks, and squares, King’s Cross will have around 2000 homes open in 2016. Key movers into the area include University of Arts London and Google. With its central location, great transportation networks and upcoming facilities, King’s Cross will no doubt continue to be one of the best London neighbourhoods to buy property at.
This stretch of land on the South Bank of the Thames is undergoing significant developments that will continue for the next decade or so. It is the largest of central London’s regeneration zones that has received about £15billion of development funds. In addition to new luxury apartments, there will be two new Tube stations by 2020 as part of the Northern line extensions and a new Thames bridge to allow pedestrians and cyclists direct access across the river to the Pimlico embankment.
This part of London has been regenerated by both old services like Scotland Yard and Victoria Railway Station and new commercial and residential developments. Around Victoria Street, luxury residences with views of iconic London landmarks such as Buckingham Palace and Westminster Abbey have sprung up to compete with the neighbouring Mayfair and Belgravia, becoming another one of London’s property investment hotspots.
Whitechapel will have its own Crossrail station by 2018. Not only will this result in a considerable boost of accessibility for residents of Whitechapel, it will also bring a modern architecture marvel that is well-integrated into the neighbourhood. The extensive urban realm and pedestrian-friendly plans will contribute to making the neighbourhood of Whitechapel a more pleasant place and an up and coming opportunity for residential property investors.
Search for the ideal property in some of the London’s residential property investment hotspots and start your investment journey today.