London Up and Coming Areas to Buy a Property

Uk_Lover

Acc72 wrote: »

Sounds interesting - in what ways were they superb and how did they put people off ?

When you say "they are not all bad" you have just shown that this one possibly is.

Well, he did everything by the book (was advertised after our offer) but he said if anyone asked directly about the property then he would show them, but if someone asked to be put on their mailing list he wouldn't send it out. I suppose he was a bit naughty but within the rules. Most of the people who did look at it were scared off by additional costs of the lease and work which were well pointed out by the EA.

IveSeenTheLight

brit1234 wrote: »

In East London I would wait a couple of months till after the Olympics. East London is likely to have the biggest falls in London, my reason for this is the pre Olympic London hype and property fury will die off and reality will settle in after the games.

Looks like your scaremongering hasn't materialised
http://www.bbc.co.uk/news/business-26216141[/QUOTE]

rob404uk

My guess is my east London property has increased 50% since I have bought it 3 years ago. Think a new crystal ball is needed

marlot

Why not Camberley/Farnborough or (slightly less nice) Woking, and commute into London Waterloo (then Waterloo and City line).

AndyGuil

Getting within range of the Jubilee line will get you to the city quick too. It is fast from SE and NW London. There are so many options.

sarah_id1

IveSeenTheLight wrote: »

brit1234 wrote: »

In East London I would wait a couple of months till after the Olympics. East London is likely to have the biggest falls in London, my reason for this is the pre Olympic London hype and property fury will die off and reality will settle in after the games.

Looks like your scaremongering hasn't materialised
http://www.bbc.co.uk/news/business-26216141

On the contrary to brit1234's prediction, Hackney and Waltham Forest in East London were the biggest gainer in London last year.

IDoDoodles

Can confirm. My fiancee and I are currently hunting for our first home in the Hackney/Dalston/Stoke Newington/Hackney Wick areas. Prices are wacky, and we've had to get REAL gutsy about the process, despite it being brand new to us both.

If you like East London, Hackney Wick is better priced for this side (relatively speaking). As is Stokey and Clapton.

Whatever happens, if you end up in that part of London in the end, I'd be surprised if you hadn't made half your money back within 2 years, from what we've seen and heard. Mental.

BitterAndTwisted

Unless it's a bubble and it bursts as all do eventually. Still, no-one who is in for the long-term will likely care.

IDoDoodles

Yeh, I tend to agree. The long-haulers, if they do their homework, will be fine.

We're also extending our search outwards; we're pretty aware that the Hackney bubble could well be peaking and it could be time to ride the next (and better priced) wave on to a better investment.

caronoel

Check out the areas on the Crossrail route. Some of the grimmer spots at the east end of the line will really go through the roof in the next few years.

If you are looking for something posher, try the big commuting towns in the South East such as Woking, Guildford, St Albans or Harpenden. Most of these have not yet seen the big price rises of London in the past few years but will catch up in time as the rises ripple out from Central London