At the end of February, Hackney Council gave more details of their plans for 2025/2026. They stress it is a difficult time for them, just like other local authorities, because of financial pressure. However, they are still planning to invest and work to make the borough safer, greener, fairer, and healthier. Let’s have a closer look at what we will see in the borough. It could help you to decide if it’s the right time to choose property investment in Hackney.
Careful investments
Hackney Council needs to save £25m in 2025/2026. In addition, the estimate is they’ll need to save another £50m over the following three years. At the same time, they need to continue investing to provide essential services and improve the borough. The first is trickier because demand is increasing and it is more expensive to provide things like housing and health and social care.
One thing the Council is doing is looking to invest in the right areas now to save on long term costs. For example, they’ll be looking at investing in tech to reduce the day to day operating cost. While the upfront costs can be high, the savings over time are worthwhile.
Some examples
There are several notable investments in the Council’s plan. It is a good idea to look at them and consider the potential impact on locals and businesses. If you are considering property investment in Hackney, they are even more important; some could add a lot of value to properties in different areas.
Firstly is work to continue the transformation of Amhurst Road and Pembury Circus. The project began in mid February. It will redesign the junction to improve safety for road users. In addition, there will be a new linear park, rain gardens, and road crossings. The work will increase the amount of green space in the area and help to address rising levels of pollution.
There will also be big investments to improve council homes, parks, and leisure centres. One of the most noteworthy is Kings Hall Leisure Centre. A landmark redevelopment will refurbish the historic building. It will deliver new facilities, including a teaching pool, a new sports hall, and new changing facilities. The aim is to ensure the centre will continue to be a vital community asset for future generations.
As we said above, Hackney Council is planning to invest in some new tech. One of the most significant will be an upgrade of the CCTV network in the borough. It will help to make the area safer for residents and businesses. Crucially, the new systems will have lower operating costs to deliver annual savings.
It will be great to see what happens in Hackney this year. The good news for locals is that, even though they need to make cuts, the Council will be careful with all decisions. The ultimate goal will always be to support residents, particularly vulnerable children, adults, and families.
Talk to us about property investment in Hackney
Finefair Ltd understands the property market in London. We’ve been working here for over two decades, watching as demand changes, new hotspots emerge, and trends come and go. Hackney has been a very popular area for a long time. A lot of people want to live here to enjoy the vibrant culture, rich diversity, and range of amenities. While prices are much higher now after decades of popularity, it is still an attractive location for investors.
If you are thinking about property investment in Hackney, we can give you some really useful services. One of the best is guaranteed rent, ensuring you get rental income every month without pause. We also have experience with HMOs and more. So, get in touch and see what we can do for you.
