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Young professionals choosing houses and flats to rent in East London

2012 was the perfect showcase for East London with the Olympics opening the eyes of many to the potential redevelopment and investment opportunities in the area especially in the property market. So it’s come as no surprise that since then East London letting agents have reported a higher volume of rental properties available following an increase of buy to lets in the area, which has lead to an influx of young professionals moving to the location. Priced out of other locations in the capital, young professionals have been attracted by the flats to rent in East London for their excellent value for money and the great transport links that are on offer. For example, from Stratford there is access to the Jubilee, Central and Overground lines as well as the national and international stations and will also be home to the new Crossrail line. As reported by Winkworth, young professionals moving to new areas has a dramatic impact on the rest of the London housing market, as they encourage redevelopments of areas and drive up property prices once the area becomes more established. This was also noted by the Daily Telegraph, who named the transformation of areas by young professionals as ‘Shoreditchification’, after the significant change Shoreditch has undergone in the last few years. Other areas in East London have also started to follow suit, including boroughs such asHackney, where over 50% of its residents aged between 2044 and in 2013 saw the fastest growing house prices in London. However, the needs of young professionals inevitably change when they start to have families and so their search requirements also adapt to their new circumstances. With prices in London increasing faster than anywhere else in the UK, buying a property is still a challenging prospect for first time buyers in the capital. As such, houses to rent in East London are also in high demand, with locations such as Walthamstow and Bow offering great period homes to live in. And with amenities such as Victoria Park and Westfield close by it’s easy to see why people are choosing to stay in East London for the longterm. If you are looking to rent a flat or house in East London then speak to one of Winkworth’s letting agents offices in the area for excellent advice about all your property needs. You can find their details and excellent properties currently available at winkworth.co.uk.

East London

2012 was the perfect showcase for East London with the Olympics opening the eyes of many to the potential redevelopment and investment opportunities in the area especially in the property market. So it’s come as no surprise that since then East London letting agents have reported a higher volume of rental properties available following an increase of buy to lets in the area, which has lead to an influx of young professionals moving to the location.

Priced out of other locations in the capital, young professionals have been attracted by the flats to rent in East London for their excellent value for money and the great transport links that are on offer. For example, from Stratford there is access to the Jubilee, Central and Overground lines as well as the national and international stations and will also be home to the new Crossrail line.

As reported by Winkworth, young professionals moving to new areas has a dramatic impact on the rest of the London housing market, as they encourage redevelopments of areas and drive up property prices once the area becomes more established. This was also noted by the Daily Telegraph, who named the transformation of areas by young professionals as ‘Shoreditchification’, after the significant change Shoreditch has undergone in the last few years. Other areas in East London have also started to follow suit, including boroughs such asHackney, where over 50% of its residents aged between 2044 and in 2013 saw the fastest growing house prices in London.

However, the needs of young professionals inevitably change when they start to have families and so their search requirements also adapt to their new circumstances. With prices in London increasing faster than anywhere else in the UK, buying a property is still a challenging prospect for first time buyers in the capital. As such, houses to rent in East London are also in high demand, with locations such as Walthamstow and Bow offering great period homes to live in. And with amenities such as Victoria Park and Westfield close by it’s easy to see why people are choosing to stay in East London for the longterm.

If you are looking to rent a flat or house in East London then speak to one of Winkworth’s letting agents offices in the area for excellent advice about all your property needs. You can find their details and excellent properties currently available at winkworth.co.uk.

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