108: UK hotspots in 2007
01-06-2007
By popular demand, the PropertyInvesting.net team can report the 2007 Hotspots for Britain. The tabulation is based on research and analysis of 10 years of trends, plus forward forecasting based on socio-economic changes, infra-structure developments and demographics. 800,000
people are due to swell London's population in the next 10 years - we don't see 500,000 homes being built though. The GDP growth of 3-4% with services sector private jobs growth and less reliance on public sector and manufacturing jobs than the north supports a forecast of robust capital value increases in the next 5-10 years in the London area. Immigration, inward investment, the Olympics and transport improvements will also benefit most of East London. West London's popularity will likely increase with wealthy foreigners settling and bankers-finance people. These high net worth individuals want to live in nice areas, with restaurants, nightlife, good schools, safe neighbourhoods with proximity to West End, City and Docklands work areas. Hence, most hotspots are near the city centre where most of the wealth is created.
Popular and regenerating coastal holiday towns will also do well - as money ripples
from London.
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| 2007 UK Hot Spots - PropertyInvesting.net | ||
| London | Reasons | Rating |
| Stratford - Plaistow | Olympics, new Eurostar station, regeneration, retail | 9 |
| Elephant & Castle | Proximity to City, West End, regeneration | 9 |
| Bow - Bow Church - Shoreditch | Olympics, proximity to City, Stratford, regeneration | 9 |
| Hackney - Hoxton | Gentrification, Olympic effect, proximity to City & Stratford | 9 |
| London Bridge - Old Kent Rd | Proximity to City, stations, night-life | 9 |
| Soho, Bloomsbury | Midway West End/Mayfair and City - massive wealth, nightlife | 9 |
| West Kensington | Spill over from Kensington - huge wealth/finance | 9 |
| Lambeth - South Bank | Proximity to West End, mid-town, City and Docklands | 9 |
| Peckham (Queens Rd) | East London tube station promised, distant Olympic effect | 8 |
| Limehouse | Midway Docklands and City - jobs | 8 |
| Canada Water | Regeneration of £1 billion, one stop to Canary Warf | 8 |
| Battersea | Gentrification, proximity to Chelsea | 8 |
| Forest Hill - Catford | East London Line extension opening late 2007 | 8 |
| Royal Docks, Silvertown | New DHL extension, city jobs, Olympic affect | 8 |
| Woolwich | DHL extension due by ca. 2010, cheap, re-generation | 8 |
| Bayswater | Proximity to West End, Notting Hill, Hyde Park - good value | 8 |
| Kennington | Gentrification, proximity to Westminster | 8 |
| White City - Shepherds Bush | Retail development, regeneration proximity to West End | 7 |
| Clapham | Gentrification, proximity to West End, City | 7 |
| Chelsea | Wealthy international investors, city bonuses | 7 |
| South East | ||
| Gravesend - Northfleet - Southfleet | New Eurostar station at Ebbsfleet | 9 |
| Folkestone | Eurostar commute to Kings Cross in 2009 | 8 |
| Ramsgate | Fast commute to Kings Cross in 2009, nice harbour | 8 |
| Slough | Jobs at Heathrow, T5, cheap, improving, hi-tech jobs, business | 8 |
| Ashford | Eurostar commute to Kings Cross in 2009 | 7 |
| S Midlands | ||
| St Neots | High-tech business, close to cambridge, A14 improvement | 8 |
| North, North West | ||
| Liverpool (L1, L3) | European City of Culture, Duke St re-generation | 6 |
| Skinningrove | Retiring wealthy baby-boomers from NE, regeneration | 7 |
| Bradford (BD1, BD3, BD5) | City regeneration, proximity to Leeds - ripple effect | 7 |
| Leeds (L11 Holbeck) | Regeneration, University Halls, proximity to finance district | 7 |
| South West | ||
| Portreath | Regeneration, airport, beaches | 9 |
| Hayle | On A30, rail, big harbour development, close to St Ives | 9 |
| Penzance-Newlyn | Rail terminal, peninsula - warmest place in UK, scenery | 8 |
| Newquay | Regeneration, proximity to Padstow and Truro, airport, A30 | 8 |
| Plymouth | Coast, city, train to London, cheap, babyboomers, harbour | 8 |
| Wales | ||
| Newport | City centre start of regeneration, ripple affect from Cardiff | 7 |
| Gower - Swansea coast | Holiday homes for Cardiff wealthy and English | 7 |
| Barry | Holiday homes for Cardiff wealthy | 6 |
| Scotland | ||
| Aberdeen, Stonehaven | Oil boom, catch up since mid 1980s | 7 |
| Dundee | Low prices, regenerating, nice countryside | 7 |