Hackney

According to Jennet Siebrits, CBRE real estate expert words, Hackney owes much to Tech City, due to the fact that IT-cluster continues its expanding. 

For the next 4 years, the expert promises up to 18% local GDP growth, the greatest in the city: «Hackney is one of the biggest success stories in London East End area revival».

Over the past year, the real estate cost has increased up to 4,5% and reached £583 331. As a consequence of large residential construction that is currently taking place, new jobs are emerging.

Almost 3 000 real properties are under development. On the site of the old West Reservoir Berkeley Homes blocks, the Woodberry Down complex is being built, that will give the new 5 500 apartments, apart from cafes, shops and a public entertainment center. Prices start at £580 000 for a one-bedroom apartment.

Richmond

Over the last 12 months, real estate prices in Richmond has risen up to 5,7% and reached the average of £688 578. Meanwhile, this area ranks second in the city in terms of wage income after Westminster. In fact, it contribute the district to attract independent businesses organisations to create a loyal customer base.

However, it is not so easy to find an affordable housing in Richmond. The area that is surrounded by Park zones do not have enough space for large housing construction. Nevertheless, boutique type houses are widely represented here. Thus, luxury Richmond Brewery Stores apartments that is a converted beer factory, are on sale for £1,35 million.

«Richmond is a highly local market. Those people who move from the center usually skip this place and go straight on A3 — South-West London motorway to Esher or go on the M3 highway that also leads from the district to the South-West to Wentworth — says local real estate agent Oscar Doyle. Although if someone settles here, they would rarely leave this place. I have a few clients who moved to more prestigious location but returned back to Richmond».

Haringey

Over the last 12 months, rental charge in Haringey (North of Central London) have increased up to 7% — the highest rate in the city and that proves another young tenants high demand. 

According to experts, by the year 2022, the local economy will grow up to 14%б as for the population — up to 11%.

«This is the transformation area», says Jennet Seabrits, referring to the massive redevelopment of the Upper Lea Valley district, a new 56 250-seat stadium for Tottenham Hotspur and 579 more new houses.

At the end of the Haringey Heartlands reconstruction there will be more business and leisure areas, and additional 1 714 apartments in the new Clarendon complex. The apartments cost starts from £335 000 per studio. For comparison, the average price of local real estate today is £550 415.