Hottest East London Property Areas

Where are the hottest areas for property around East London?

Where are the hottest areas for property around East London?

The East End of London, also referred as East End is the area of London between Eastern side of medieval walled City of London and North of River Thames. To have a holistic view, the East end of the London can be categorized into the two segments, the North East end of London and the south East end of London.

The North East end of London is a sub-region of the London that resides Barking and Dagenham, Havering, Newham, Redbridge, Tower Hamlets, Waltham Forest while the South East end of London Plan comprises Bexley, Bromley, Greenwich, Lewisham and Southwark. This region was recently established in 2008 and has an approximate population of 1.4 million in the North East and 1.3 million in the South East of London.

The North East region has witnessed extensive regeneration, being a part of London Docklands and Thames Gateways. It is also the location where 2012 Summer Olympics and Paralympics will be held in Olympic Park and hence the neighbouring regions continue to be the epicentre of various commercial development activities in London. The East of London creates massive job opportunities, making it a lucrative option for property investors in commercial property East London. This region is also the home to numerous commercial and public art galleries and Whitechapel Gallery is a prominent attraction.

The dominant benefit of being a host of 2012 Summer Olympics is that the city is going through a complete transformation and also remains witness to fast East London commercial property development. The kick-start regeneration programmes in the area are most likely to have a prominent impact on commercial property East London. Also, by 2017 the Crossrail line 1, a fast railway service is expected to link London from East to West with proposed crossings at Beckton, Silvertown Link Road Tunnel and existing Blackwall Tunnel. In addition to this East London commercial property development, the reforms are intended to bring along a legacy of highly developed new sports facilities, housing and technical infrastructure facilities.

The radical infrastructural developments in East London are greatly influencing the corporate scenario. Not only the greatest beneficiary of all these is the expansion in job sector but with rising costs everywhere else in the capital, commercial property in East London has become a desirable option for business and commercial activities. The transformed East London will soon boast of world class infrastructural facilities by 2012, creating radical opportunities for education, cultural development, training and jobs.