Despite a whirlwind year for the London sales market in 2016, Bethnal Green has enjoyed a promising 2017 so far. Countless buyers are eager to invest in this patch of east London, and renters are attracted by reasonable rental prices, colourful night life and beautiful period property.
Shoreditch, Old Street, Hackney and Bethnal Green are now some of the most popular places to live in London, and this is because of the gentrification that is occurring and the ease of access to get into the City and the West End where many commute to for work.
In other news, our new Airbnb
service seems to be a very popular choice for many, however the 90-day cap rule means that in the long-term, normal Assured Shorthold Tenancies (ASTs) are still the better option financially for those looking to invest in the rental market.
What’s going on in the area?
•Demand for property in Whitechapel has increased dramatically as have prices, and feedback from buyers and tenants suggests that this has been triggered by the imminent arrival of Crossrail, which will make commuting to areas such as Canary Wharf and Heathrow far quicker, taking just 3 minutes and 38 minutes respectively
•Colombia Road flower market continues to be a popular location for those looking for a peaceful weekend, as well as Victoria Park and London Fields. Broadway market is still a buzzing and vibrant attraction, lined with restaurants, shops and pubs which many of the locals enjoy
•Telford Homes have just secured an exciting new acquisition of the old London Electricity Board HQ on Cambridge Heath Road at just over £30 million. They have plans for a £95 million new residential development set for completion in 2021, which will only improve the immediate area surrounding Bethnal Green station
Chris - Bethnal Green Manager - Spring 2017