The volatility across the housing market is leaving some unsure as to whether now is really the right moment to buy or invest in property.
But despite the challenges, there are still big opportunities in the capital.
And according to one property expert those opportunities are only set to grow in the New Year.
Here property expert Alistair Brown, from Alistair Brown International Real Estate, (ABIRE) explains the areas of the City which he thinks are best for buyers and investors to target.
“Right now, as an investor, I really like the East End and, in particular, Tower Hamlets, Blackwall and Newham. The gentrification and planning looks favourable for the growth in these areas. There is also access to dependable and consistent transport that makes access to all areas of London easier.
“I’d advise anyone looking to invest, to pick a street or road that has a likelihood to be on the next development plan, that’s where the money is. A great local estate agent should be able to show you where those are, it applies across the city
“Across, or under the river to Southwark, Canada Water and Rotherithe are definitely appealing too. Again, they offer access to all over and Underground areas. There is a lot of regeneration happening here as well, and I love the new feel of this region. It is close to all lifestyle amenities.
Right now pricing in the city in most areas with exceptions for the luxury markets remains pretty static. As a result homes under construction can providers the best value currently and developers are also often willing to provide incentives as they get to completion and at this time of year in particular its often even more value
“Another area that is really booming right now are parts of West London in and around Brent Cross. A massive new long term development plan is underway there with home styles and prices for every buyer or investor. With strong financial backing this should be a success and with new product forms and types this should be a hugely popular area.
“Crouch End is another area which I really like, and which is often wrongly overlooked by some. Earlier this year it was named by the Sunday Times as one of the best places to live in the country, and this has made it an even more desirable location. It has a distinct cultural scene, supermarkets, independent businesses, green spaces, cafes and restaurants, the lido and Victorian houses. There’s a vibrant market-town feel to the streets and friendliness here that’s often absent in the capital – which is something money can’t buy!
Looking ahead, the launch of The Elizabeth Line will add destinations that were not as desirable as they will be now, look at either end of this line for big opportunities.”