East London prices up 69% since July 05

SGE1

I used to live in E1. It was brilliant. Paid £565pcm to share a one bed flat. Worth every penny.

22225

the russian lady was in maida hill. not as nice as maida vale apparently.

fc123

chewmylegoff wrote: »

£1400pcm for a 3 bed that close to central london isn't exactly expensive to be honest. only works out as £466pcm each for 3 sharers. you have to pay more than that these days to live close in and live in a half decent area.

I agree and they all see it that way but these places were £30-£40 per week 15 years back.

Article on how Londons low income families are moving to the suburbs and inner London is becoming 'wealthier'.

London’s worst poverty is moving out to leafy suburbsJonathan Prynn and Genevieve Roberts
27.07.10
Extreme poverty is on the march in outer London areas once regarded as affluent havens of suburban life.
Many key indicators of deprivation have spiked dramatically in the greener outer boroughs, creating a new “ring of poverty”, while falling in the traditionally poor areas of inner London, according to the latest research.
The unprecedented trend has seen the biggest changes to London's “poverty map” since the Victorian era and threatens to put huge strains on the resources of outer London councils.

According to the think-tank London Poverty Profile, 44 per cent of children in inner London, some 260,000 in total, live in low-income families — the highest proportion in the country.

However, this has fallen from 53 per cent in the late Nineties, while the proportion in outer London has risen faster than in any other region of Britain to a total of 370,000.
Similarly, inner London has seen a decrease of about five per cent in the proportion of working-age adults living in low-income households over the same period. Outer London has seen an increase of three percentage points.

Experts believe the trend has been driven by housing costs soaring over the past decade in traditionally poorer areas of the capital such as Hackney, Newham and Tower Hamlets, forcing many of the worst-off to relocate farther out.

At the same time the loss of major employers on London's fringes such as Ford Motors in Dagenham has left huge pockets of high unemployment.

Jobless figures show that while unemployment is still high in Newham and Tower Hamlets it has also passed the 10 per cent mark in four outer London boroughs — Barking & Dagenham, Enfield, Greenwich and Waltham Forest.
The Standard's Dispossessed campaign has illustrated how poverty is increasingly being “exported” from the centre to the suburbs.