London is leading the UK property recovery – where are the best investment hotspots now?
With the UK's property market experiencing a new wave of interest this year, unsurprisingly London is once again charging optimistically ahead of the pack. Buyer confidence is now on the rise, and there are many great investment opportunities to be found – if you know where to look.
This interesting overview of London's top property hotspots by the Telegraph reveals just where to go if you are looking to invest and have cash to spare.
While there are undoubtedly some quirkier candidates in the article such as Islington and Clapham, we are not at all surprised to see the likes of Chelsea, Hampstead, Richmond and Belgravia listed as prime investment locations. Homes in these affluent areas continue to be in high demand with many people paying millions of pounds for the pleasure of occupying the more desirable postcodes – and it's not hard to see why.
Chelsea is known throughout the world as “the borough of artists, painters and poets” because of its reputable and endlessly successful art colleges. As one of the most sought after locations in the entire capital, during the swinging 60s Chelsea was famous for being home to both The Rolling Stones and The Beatles. Also, with a major shopping mecca located on the illustrious King's Road, stores like Gucci, Chanel and Prada are never far away. This exclusive region is home to many of the UK's top celebrity names, including Sir Michael Caine, Robbie Williams and famous playwright Tom Stoppard.
Interestingly, the village of Hampstead has more millionaires living within its boundaries than anywhere else in the UK. Many blockbuster films have been shot in the area, and the beautiful Hampstead Heath boasts the title of “London's most ancient parkland.” Sporting remarkable architecture and hundreds of Grade I listed buildings, Hampstead really is an affluent property hub and anyone who is anyone wants to live and be seen there.
King Henry VII founded Richmond on a meander of the river Thames in the 16th century after building a huge royal palace close by. Since then the area has grown exponentially, becoming one of the wealthiest areas in London in modern times. Notably, Richmond was recently assessed as one of the happiest places in England to live, and its high-earning residents may well have contributed to that conclusion. For nearly 500 years the area has been home to Britain's royal family but its appeal has increased amongst the celebrity elite and many have purchased properties recently including Sir David Attenborough, comedian Rob Brydon and actor Richard E Grant, to name but a few.
Named after Viscount Belgrave, Belgravia is truly the perfect location for home buyers who really want something special. Characterised by grand terraces and white stucco houses, this area has some of the best antique shops, hotels, casinos, theatres and Michelin star restaurants in London. Past residents include four Prime Ministers, composer Wolfgang Amadeus Mozart and even Sir Roger Moore of James Bond fame.
At Best Gapp we know from more than 100 years of experience in the property business that the aforementioned locations always have, and always will be a sound investment. So the big question becomes – where will you choose?