Monday, 1 September 2014

Olympics proves a winning factor in London property

With London prices being forced upwards by the Olympic Factor, good value is becoming harder to secure in the investment capital of the world! However, a shrewd eye for value, in those even remotely familiar with London, will recognise the city's largest borough as an increasingly attractive alternative to the central metropolitan area, where returns and capital gain potential are being constantly squeezed by a 'frenzy' of international investment activity.

            This has in fact led to growing interest in opportunities outside of the immediate London Metropolitan area in large satellite towns with good transport links to the city. The most popular of ‘suburban’ London areas is unquestionably Surrey, traditionally a sought after area with many affluent and (economically) thriving communities.

            Croydon in particular is an area now coming into vogue as a potentially lucrative investment location. A ‘boom town’ during the ‘60s and ‘70s it had become tired and almost soulless in the following decades to the turn of the century. That is now changing and in recent years significant and substantial development and regeneration measures have been put in place which is re-invigorating this large historic market town. Significant recent investment in the bustling town centre has seen the arrival of many ‘high street’ shops and brands and the impressive and central Whitgift Shopping Centre was recently purchased by an Irish investment consortium led by Anglo Irish Bank…It is planned to treble it in size! A large new ‘John Lewis’ department store is also due to open there shortly, which will further enhance the shopping and lifestyle experience for the growing local population.

            Irish owned International development company Howard Holdings, whose UK headquarters is based in Croydon, are developing The Exchange, which is situated in the towns Cultural Quarter, as part of a planned new dimension of central Croydon's £2 billion regeneration programme.            The residential element will comprise just 66 apartments of which a limited number only will be sold to investors, thus reducing the number available to rent. Dublin based Investment Specialists, Christies Estates have a limited selection of one and two bedroom apartments available exclusively off-plan with prices from Stg £215,000.

            Christies Estates have been sourcing and offering excellent UK investment options to Irish investors sine the mid 1990s and can be contacted at (01) 6670099 or freephone 1800465 465 sales@christiesestates.com or www.christiesestates.com.