First-time buyers with their heart set on London have an abundance of districts to choose from; there´s the affluent Hampstead, the central Westminster and the fashionable Spitalfields to name just a few. But where are the newbies heading and why?
The latest research shows that first-time buyers are mainly searching London for interesting areas that boast newly built flats in areas that feature plenty of bars and restaurants. These “culture boroughs” should showcase an array of amenities and unique things to experience.
The city of London is undergoing vast regeneration in order to create stylish and modern communities as cultural venues become more in demand than ever before.
Previously unrivalled by any other area in the city, Central London was the place to be. Known for its wide variety of nightlife, shopping and leisure venues, the UK´s capital city couldn´t be compared, and definitely not beaten, by any other district.
However, homebuyers are now migrating from the concrete jungle in the hunt for areas that avoid the extreme hustle and bustle of the 20 million tourists who visit every year. Instead, they are looking for niche, on-trend areas that offer all the amenities that Central London has, but without having to hop on and off the tube to visit them all.
One district in particular that encompasses funky bars, world food stalls and restaurants alongside constant, varied entertainment is Camden Town.
The interest in this eclectic area has increased vastly, with Londoners wanting to revel in the district´s well-known diversity. There aren´t many places in London where there´s a Poundland next to Waitrose, a trendy cocktail bar next to a traditional English pub and a 1930s vintage clothing stall next to Cyberdog´s futuristic clubwear.
The popularity of the area has caused house prices to skyrocket, with the borough of Camden now the third most expensive in London, beaten only by Westminster and Kensington and Chelsea. In 2018, the average house price was £822,741 and it has since increased by 29 per cent to £1,097,223.
Another district labelled as “hipster central” is Peckham. The area has been revamping itself to become an edgy place overflowing with fashionable bars and restaurants situated around period landmark buildings. Just recently an old factory that used to make cricket bats was transformed into a rooftop film club.
Wandsworth is home to a huge 130 bars, restaurants and cafes to meet the needs of the local young professionals and families. A new Backyard Cinema has just opened there, where visitors push through a wardrobe-style door into a woodland-themed screening room. They can also visit a cocktail bar styled like a dusty library that offers a variety of street food.
Across the city is Deptford, a district following in the footsteps of London´s coolest places. It has long-established street markets that sell anything from fruit and veg to haberdashery. These traditional stalls are nestled in between stylish gin bars, pie shops and tattoo parlours. The local Albany Centre Gallery also features circus, dance and theatre classes.