In the last thirty years Hackney has changed dramatically. It started off as a dilapidated area with many hallmarks of its former industrial heritage. Countless artists took up these cheap properties, therefore triggering a wave of new development. This saw the Borough become immensely popular with young professionals and single people who wanted to live in an up and coming location close to the centre of London.
Rising prices
The popularity meant many people were drawn to the opportunities for property investment Hackney had to offer. This resulted in rising prices and high demand for all kinds of properties. As the culture of the area went through an evolutionary period, so too did the local business scene. Now the local economy is booming, home to numerous independent shops, bars, restaurants, cafes, and other commercial enterprises.
Families
The interesting thing about Hackney is it is no longer just popular with single people. More recently the number of families relocating to the area has grown. They love the original homes in conservation areas as well as large flats. The schools in the area have improved greatly, making it a more attractive location. In addition there are good amenities such as transport links and open spaces.
Clapton
One of the most attractive locations in the entire Borough is Clapton. Prices here tend to be more affordable than in the most established areas. There are also three large open areas nearby, providing many great amenities and lots of space.
Investing
With prices having risen so much many people are wondering if there are further opportunities for capital gains. Some areas, including Clapton, could grow to equal more popular locations in the Borough. This provides interesting potential. In addition there is demand for rental properties so investors could make a healthy yield if they get properties for the right price.
If you are considering an investment Finefair would be happy to assist you. We have a professional team and strive to offer an unparalleled level of service. That means you can trust us to help you find the best options for property investment Hackney has.
To get started or find out more about the area, contact our team. We are always happy to provide assistance.
