Best Area to Buy in London 2022
What is the best area to buy in London 2022? There are several areas to choose from, but we’ll look at the top three. Here, you’ll find out what’s hot and what’s not. Whether you’re looking to downsize your space, upgrade your living conditions, or simply buy a new house, you’ll want to know which areas have the best growth potential in the next few years.
If you’re looking for a cheap property in Central London, you may want to consider purchasing a property in East London. Hackney has undergone an extensive regeneration in recent years and is now ranked 206, up 65 places from 2021. Meanwhile, Camden is ranked 230 out of 1,372, but is close to some green spaces, including the Regent’s Canal. Other top-tier areas of the capital include Islington and Barking and Dagenham.
Despite the recent pandemic, house prices in established neighbourhoods are still sky-high and incredibly expensive. To beat this, consider buying property in a Cinderella area that’s due for a transformation. Rightmove and Barratt London have conducted research into the hotspots in London and have highlighted some of these undervalued neighborhoods. With so many properties in demand, you’re likely to find an undervalued property in a desirable area.
North-east London has several excellent options for property investors. Bounds Green, for instance, has excellent transport connections to central London. Its trains to Baker Street arrive within 30 minutes, while services to Tottenham Court Road and Canary Wharf will take just under an hour. In addition, Bounds Green is close to popular Muswell Hill and Wood Green. These are also close to a variety of national rail services.