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

Yesterday, 17:08

You’d have been forgiven for thinking you were seeing the east London sky through an Instagram filter this afternoon, as Storm Ophelia turned the capital a strange shade of yellow.

Yesterday, 12:57

Young people with mental health problems who have had “bad hospital experiences” are helping train staff in east London to improve urgent medical treatment.

Yesterday, 12:15

A senior police officer has said it is “not practical” for officers to investigate crimes such as shoplifting and criminal damage as his force bids to save £400 million.

Yesterday, 11:52

The gay and transgender community have won Tower Hamlets Council’s green light for a new venue on the site of the Joiners’ Arms that was shut down in 2015.

Yesterday, 11:02

A 14-year-old boy has been arrested after police discovered a passenger carrying this knife on a bus in Tower Hamlets.

Yesterday, 10:22

One of East London’s famous picture palaces once frequented by the Krays which closed half-a-century ago has been given planning go-ahead to reopen with its original art deco façade.

Yesterday, 10:11

Controversial plans to build a tower block on the ‘Limehouse Triangle’ nature preserve next to the Regent’s Canal in east London have been rejected by Tower Hamlets councillors yet again.

Yesterday, 07:00

There is a lower proportion of people with dementia in Poplar and Limehouse than in any other constituency in the UK.

Newsletter Sign Up

Sign up to receive our regular email newsletter

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