Search

Tower Hamlets named as property hotspot for young professionals

PUBLISHED: 14:57 20 April 2017 | UPDATED: 15:05 20 April 2017

Tower Hamlets is the sixth most popular area for young professionals. Picture: PA WIRE

Tower Hamlets is the sixth most popular area for young professionals. Picture: PA WIRE

PA Wire/Press Association Images

Tower Hamlets is the sixth most popular property hotspot for young professionals in the country, a report claims.

Top 10 property hotspots for young professionals

Hove (Avg price £380,326)

Wandsworth (763,418)

Wimbledon (703,388)

Fulham (1,090,094)

Battersea (£891,796)

Tower Hamlets (526,060)

Brighton (383,819)

Streatham (468,1610)

Hampstead (£1,352,836)

Putney (742,683)

The borough is the only one in East London to feature on the list which has been compiled by Lloyds Bank.

With an average asking price of a home in Tower Hamlets at £526,000, it offers a better deal then London areas that appear on the list such as Hampstead , Chiswick and Kilburn.

The report also claims that the young professionals, aged between 25 and 44, will pay a £71,000 premium to live in the most popular property hotspots.

Andrew Mason, Lloyds Bank mortgage products director, said the additional cost of buying a property in a popular area isn’t a deterrent.

He added: “Aspiring young professionals are typically well qualified, in well paid jobs and tend to live in areas not far from the city centre where they work.

“These are also places where they can enjoy easy access to green space and a range of places to socialise.”

The seaside town of Hove has been named as the most popular property hotspot in Britain for the third year running.

Latest East London News Stories

Congratulations to Mayor John Biggs for being re-elected as mayor and to all our Tower Hamlets Councillors.

Saturday, June 16, 2018

If you’re a tenant looking for a home in Tower Hamlets we have bad news - figures claim the borough has some of the highest rents in England.

Saturday, June 16, 2018

Letters, contributions and comments sent in to the Advertiser this week.

Friday, June 15, 2018

They call her ‘Ma’am’ as they pass the new ‘super borough’ Tower Hamlets and Hackney police commander walking down the corridor to her office ready for the day’s action.

Friday, June 15, 2018

Tower Hamlets Council is urging drivers to ditch their cars next Thursday in support of its ongoing Breathe Clean campaign.

Friday, June 15, 2018

Campaigners have warned that the council could fail to meet recycling targets if it doesn’t get more government money.

Friday, June 15, 2018

A council enforcement order to stop construction manufacturing work on an unregistered site that sprung up on the Isle of Dogs has been slapped on the owners—spelling victory for neighbours having to put up with noise and pollution all day.

Friday, June 15, 2018

Tongues and tails are wagging ready for this year’s ‘Canary Woof’ dog show part of the fifth annual LIMEfest.

Newsletter Sign Up

East London Advertiser twice-weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Most read news

Show Job Lists

Competitions

Having a brand new kitchen is something that lots of people want but can only dream of. Sadly keeping up to date and making our living spaces as nice as they can be is a costly and incredibly stressful business. Even a fresh coat of paint makes all the difference but isn’t easy or quick.

Who wouldn’t love the chance to go on a shopping spree. Imagine being able to walk into a shop and choose whatever your heart desires without having to worry about how much it costs.

Digital Edition

cover

Enjoy the
Docklands and East London Advertiser
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now