Croydon was once a relevant market but suffered a great deal due to a lack of investment. This has come in waves recently though, transforming the Borough into one of the best hotspots in the whole of London. The area is attractive to both domestic and commercial clients, offering benefits such as great transport links and affordable prices.
Across the Borough there are all kinds of projects underway, creating homes, offices, and revitalising amenities too. The latter includes a £1 billion plus overhaul of the Whitgift Centre that is expected to create 5,000 new jobs, retail and leisure spaces, and hundreds of homes.
The creation and redevelopment of office space in Croydon has been particularly stunning over the last few years. The area has become one of the largest technology hubs in the whole of the UK, with over 1,500 businesses basing themselves in there. On top of this HMRC are moving 2,500 employees to the major office development at Ruskin Square.
Businesses are attracted to Croydon for a number of reasons. Firstly is the aforementioned transport links, making it easy to commute to the area. Secondly the presence of other businesses, particularly in the tech sector, is a big attraction. The biggest benefit though is the price. The HMRC offices in Ruskin Square are valued at £32 per square foot. The same space in Kings Cross would cost £80 or more.
Demand is also high for houses in Croydon, both for rent and to purchase. It is well established that prices in the area are growing at a fantastic rate, offering plenty of opportunities for capital growth and healthy returns. This has attracted property investors.
Finefair is on hand to assist people interested in investing in homes in the area. We provide an array of services including lettings, management and our highly regarded guaranteed rent in Croydon. With each service we provide a wide array of information and can answer any questions you may have. Our personal approach is one of the things our clients really appreciate about us.