Search

Hackney rent now more pricey than Richmond

PUBLISHED: 17:50 19 June 2014

East London has replaced the West as the most desirable place to live in the Capital, if rental prices are anything to go by.

Hackney and Tower Hamlets have now reached the same values as traditionally popular property hotspots like Richmond upon Thames and Wandsworth.

The figures from the Move with Us Rental Index reveal the average advertised rent in Hackney is now £2,125 per month, on a par with leafy areas of Richmond upon Thames and Wandsworth, which are currently £2,195 and £2,105 per month.Average prices in Tower Hamlets now stand at £2,208 per month.

The increase of 9.15 per cent from the same time last year is the fifth highest increase in London, behind the City of London, Brent, Croydon and Westminster.

Robin King, director at Move with Us, said: “There has been a reversal of fortunes in London with new trendy neighborhoods in the East becoming the new popular places to rent in the Capital.

“New developments, property conversions, shops and a dynamic art scene together with their proximity to commuter destinations of the City and Canary Wharf have put these neighborhoods on the map as some of the most appealing places to live in London.”


If you value what this story gives you, please consider supporting the Hackney Gazette. Click the link in the orange box below for details.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad, serving as your advocate and trusted source of local information. Our industry is facing testing times, which is why I’m asking for your support. Every single contribution will help us continue to produce award-winning local journalism that makes a measurable difference to our community.

Thank you.

Most Read

Most Read

Latest from the Hackney Gazette