Property Prices in East London
It’s never been a better time to find a property in London as the prices are well below the peak of 2015 and if you find a motivated seller you can pick up a bargain.
East London is still giving purchasers best value for money at the moment. It’s ongoing regeneration has provided not only great accommodation but a real sense of community. Therefore, it is now a fantastic place to live and work and has been transformed into cultural hubs that provide work, entertainment and refreshment for a high footfall day in and day out.
Now is a good time to investment in the Capital
With a lot of ‘waiting it out’ happening in the market currently by UK purchasers things are slightly different from a foreign investor stance. The latest house price index claims that prices are currently 0.4% higher than the same time last year. This is indicative of very slow growth and hesitation on the market. It’s not all bad news however as the weak pound is giving foreign investors a chance to return to the capital.
The advantages of buying while sterling is weak seems to be overriding any Brexit hesitations that the country is facing. Indeed foreign interest has actually boosted prices in inner London boroughs. Property in Westminister is seeing a healthy rise with asking prices up by 5% in February. A lot of this foreign investment is also coming from Europe.
Interested in investing in Royal Docks property?
Buyers who are brave enough to buy now will save themselves substantial money before the market begins to pick up. Give our team of experts in Royal Docks a call to see what amazing deals they have waiting for you today.