London Hackney is one of the most popular today

It is known that the Western part of London – traditionally the most prestigious and popular place to live. West London is in high demand for the purchase of real estate, and for rent. It is obvious that the price of rent and sale of real estate in the West of London is higher than in the South, the East or the North. However, in recent years this trend has become irrelevant and the East of London – especially that part which is located closer to the center, becoming a serious competitor to the West.

The Hackney area of London becomes the most desirable place to live. This is evidenced by the growing demand for rental in this area, as well as rising rents. Rents in areas in Hackney (Hackney) and tower Hamlets (Tower Hamlets) has reached the same levels as rents in the districts of Richmond and Wandsworth. The average asking rent for rental in Hackney is now £2125 per month, which is 9.15% more than a year ago. It’s a bit different from the average rent in Richmond and Wandsworth, which is now £2195 to £2105 respectively.

In Hackney which is close to business center of London city, there is a constant influx of young professionals who are attracted to modern and lively atmosphere of this area. This district has truly been revived in recent years, seeing new shops, cafes, restaurants and art galleries. Located next to Victoria Park will be loved by everyone who prefers music festivals and walks in the fresh air. For lovers of shopping, the largest in Europe Westfield, which has everything for leisure and entertainment, including a casino.

The neighbouring area of London in Hamlets also saw a significant growth of interest and, consequently, rents. Last year the average rent is for residential property here has risen by 8% and reached a figure of £2208 per month.

The success of these two regions is determined primarily by the proximity of two of the most popular and very expensive areas – Canary Worf (CanaryWharf) and City (City). In addition, in those areas well-developed transport network with easy access to anywhere in Central London, railway stations and airports.

Meanwhile, Richmond is the most popular area of London, especially among families with children due to the large number of prestigious schools and plenty of green space around.

® Maximlevitsky. 24.06.2014 g

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