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East London estate agents notice TechCity is propelling the property market

TechCity - east London's ever growing cluster of creative and digital businesses - has taken over where the 2012 Olympics left off in terms of demand, say east London estate agents. What was once a cluster of companies scrambling over cheap-to-rent spaces around Old Street has turned into a sprawling epicentre for the development of technology. The pursuit of office space has rapidly spread beyond the core TechCity area and is ever encroaching into east London territories such as Shoreditch, Haggerston, Hackney and Bow. Much of the migration can be attributed to rising rents in and around Old Street round-about, although the mobile nature of these established and start-up companies means they can often set up in any London location. As well as rising rents, property for sale in east London has also seen uplift. Search portal Rightmove says that property for sale in east London, falling under Tower Hamlets council, was 17% more expensive in 2014 compared to the previous year. Looking back even further, house prices in the borough were up 28% on 2010. While offices in TechCity quickly refined and moved into more sophisticated territory, workers tended to commute into the area while the housing stock caught up. This year, however, property for sale in east London moves up a gear, tempting many of the app developers, software engineers and coders to become owner occupiers in the E postcodes. Shoreditch remains a front runner among buyers. Hot addresses include the Avant Guard new build development on Sclater Street, and anything along Commercial Road and at the eastern ends of City Road and Bethnal Green Road. As house prices in zone two continue to edge up, some buyers of houses and flats for sale in east London will increasingly look to zone three, with Bow and Hackney two of the neighbourhoods set to star in 2015. Modern waterside properties at Aqua Vista Square, the Heart of Bow development and the Altius Apartments - all in Bow - are all favoured by tech-savvy buyers looking for a low-maintenance crash pad in between long shifts in the office. Over in Hackney, Winkworth expects demand for the handsome period properties that line the neighbourhood's streets. Elrington Road, St Philip's Road and Parkholme Road are just three of the premier addresses where Victorian dwellings rule, while anything in the London Fields catchment will no doubt turn up at the top of online searches. If you are interested in viewing properties for salein east London, please contact Winkworth today. We would also be pleased to advise home owners in the E postcodes who have a property to sell.

TechCity - east London's ever growing cluster of creative and digital businesses - has taken over where the 2012 Olympics left off in terms of demand, say east London estate agents. What was once a cluster of companies scrambling over cheap-to-rent spaces around Old Street has turned into a sprawling epicentre for the development of technology. The pursuit of office space has rapidly spread beyond the core TechCity area and is ever encroaching into east London territories such as Shoreditch, Haggerston, Hackney and Bow.

Much of the migration can be attributed to rising rents in and around Old Street round-about, although the mobile nature of these established and start-up companies means they can often set up in any London location. As well as rising rents, property for sale in east London has also seen uplift. Search portal Rightmove says that property for sale in east London, falling under Tower Hamlets council, was 17% more expensive in 2014 compared to the previous year. Looking back even further, house prices in the borough were up 28% on 2010.

While offices in TechCity quickly refined and moved into more sophisticated territory, workers tended to commute into the area while the housing stock caught up. This year, however, property for sale in east London moves up a gear, tempting many of the app developers, software engineers and coders to become owner occupiers in the E postcodes.

Shoreditch remains a front runner among buyers. Hot addresses include the Avant Guard new build development on Sclater Street, and anything along Commercial Road and at the eastern ends of City Road and Bethnal Green Road.

As house prices in zone two continue to edge up, some buyers of houses and flats for sale in east London will increasingly look to zone three, with Bow and Hackney two of the neighbourhoods set to star in 2015. Modern waterside properties at Aqua Vista Square, the Heart of Bow development and the Altius Apartments - all in Bow - are all favoured by tech-savvy buyers looking for a low-maintenance crash pad in between long shifts in the office.

Over in Hackney, Winkworth expects demand for the handsome period properties that line the neighbourhood's streets. Elrington Road, St Philip's Road and Parkholme Road are just three of the premier addresses where Victorian dwellings rule, while anything in the London Fields catchment will no doubt turn up at the top of online searches.

If you are interested in viewing properties for salein east London, please contact Winkworth today. We would also be pleased to advise home owners in the E postcodes who have a property to sell.

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