In the year leading up to March 2016, property prices went up by 1.9% across London, according to the latest figures from real estate and investment specialists JLL. In that period the east of the capital had the highest growth, with prices up an impressive 7%. This shows a continuation of the rise in East London’s popularity and reflects high demand for homes across the area.

Traditionally the east of London was neglected and somewhat run-down in a number of areas. However, over the last twenty years large parts of it have been transformed, and the antiquated and decaying properties have been replaced with appealing new homes and businesses. Investors took advantage of the lower prices across the area and made numerous shrewd investments, engaging in a number of regeneration projects that brought new focus to this part of the capital. The continued growth in prices is further evidence that money can be invested well in the East End.

Living in the East End has become much more fashionable with the improvements across the area. Some of the biggest projects have involved work on transport links to increase accessibility to the rest of the city. New stations are being built, older stations are being regenerated, and Crossrail will increase the availability of transport links even further. Road travel has also improved with upgrades to the A12 and A13.

Although the East End lacks the attractions of the city centre and West End, there are still plenty of leisure opportunities for people to enjoy including shopping, dining and drinking. There are some famous markets in the area including Spitalfields and Brick Lane. One site not to be missed is the Prospect of Whitby, the oldest riverside tavern in London.

The population in East London and popularity of the area is expected to continue to rise in coming years. This higher demand will cause prices to rise and create even more opportunities for investors to make a healthy return. If you are looking at investment potential, areas close to transport links tend to have the highest prices and the best potential for additional growth because they are targets for commuters. As a professional lettings agent covering Barking and Dagenham, Tower Hamlets and all other areas of East London, we can advise you on this and any other property matter, so contact us for further information.