Neighbourhood Watch: Llanelli, Wales

Neighbourhood Watch: Llanelli, Wales

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Llanelli Llanelli is the largest town in the county of Carmarthenshire and the preserved county of Dyfed, Wales. Located on the Loughor estuary, Carmarthen, Llanelli is famous for its rugby tradition and as a centre of tinplate production. Culture The National Botanic Garden of Wales, situated at LLanarthney in the River Tywi Valley, is both

Neighbourhood Watch: Llanelli, Wales

Llanelli

Llanelli is the largest town in the county of Carmarthenshire and the preserved county of Dyfed, Wales. Located on the Loughor estuary, Carmarthen, Llanelli is famous for its rugby tradition and as a centre of tinplate production.

Culture

NATIONAL BOTANIC GARDEN OF WALES

The National Botanic Garden of Wales, situated at LLanarthney in the River Tywi Valley, is both a tourist attraction and a centre for botanical research and conservation. Featuring the world’s largest single-span glasshouse, you’ll find a range of themed gardens, the British Birds of Prey Centre, a tropical Butterfly House, play areas and a national nature reserve.

Pembrey Country Park

Set against the backdrop of the Gower Peninsula and overlooking the coastal scenery of Carmarthen bay, Pembrey Country Park is one of Wales’ top visitor attractions providing a unique blend of coast and countryside. Set in the heart of a 500-acre country park, bordered by 7 miles of golden sands, Pembrey Country Park is a fantastic campsite with modern, accessible facilities.

 

LLANELLY HOUSE

Llanelly House is one of the most outstanding surviving gems from the Georgian era in Wales. Reflecting the triumphs and tribulations of the town, Llanelly House embraces the industrial revolution and sparking prosperity. The building displays the importance of the town of Llanelli within Wales and the wider world. Showcasing the legacy of the Stepney family, the 18th century surroundings are a popular choice for events, weddings and special occasions.

 

Sport

SCARLETS RUGBY CLUB

Llanelli is one of the most famous rugby towns in the world. It is the focal point for one of the most passionately supported rugby clubs in the world, the Scarlets, holding a rich and unrivalled rugby heritage.

Additionally, Llanelli AFC aka The Reds, are a Welsh Premier Football Club, winners of the Welsh Cup in 2010/2011.

 

Nature

KIDWELLY CASTLE

 

In the beautiful Carmarthenshire countryside, Llanelli benefits from a fascinating blend of modern and historic scenery. A highlight of Llanelli is Broughton bay, a large and sandy bay area, popular with caravan enthusiasts. Embracing the history of the area, Kidwelly Castle, rising above the river Gwendraeth is the ultimate medieval fortress. Beginning in the early 12th century as a Norman ringwork castle made of wood and by the 1280s Kidwelly Castle was transformed into a stone castle within a castle that still stands today.

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Neighbourhood Watch: Walthamstow, London

Neighbourhood Watch: Walthamstow, London

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Walthamstow Located in North East London, Walthamstow, nicknamed the London borough of Culture, is an area enjoying extensive transformation, yet still embodying the charmic and electric buzz of the East End of London.   Culture The William Morris Gallery is a stunning memorial to William Morris one of Walthamstow’s most revered artistic heroes. A designer,

Neighbourhood Watch: Walthamstow, London

Walthamstow

Located in North East London, Walthamstow, nicknamed the London borough of Culture, is an area enjoying extensive transformation, yet still embodying the charmic and electric buzz of the East End of London.

 

Culture

The William Morris Gallery

The William Morris Gallery is a stunning memorial to William Morris one of Walthamstow’s most revered artistic heroes. A designer, craftsman and socialist, the gallery contains work by Morris and other like-minded creators who’s work contains his spirit of campaigning. Lloyd Park that surrounds the estate is great for a walk, and it also has a wonderful duck pond to admire.

 

God’s Own Junkyard

One of the most quintessentially unique places in London, God’s Own Junkyard is part art gallery, part museum, part thrift store, part antique show and completely East London. Located by the Wild card Brewery, the warehouse holds neon signs, B-movie figurines and more.

 

Cuisine

Wildcard Brewery

Next door to God’s Own Junkyard, Wildcard Brewery has been pumping delicious beers into London pubs and beyond since their micro-brewery arrived in Walthamstow in 2014. A favourite among the locals, the brewery offers beer beach parties, open mic nights and mini-music festivals.

 

Nature

Walthamstow Wetlands

London’s newest and biggest nature reserve, Walthamstow Wetlands, is a fully operational 211-hectare Thames Water reservoir site, supplying water for 3.5 million people. Providing stunning views, Walthamstow Wetlands is also an internationally important nature reserve, providing home and shelter to a wide range of wildlife, from rare waterfowl to majestic birds of prey.

 

Transport

Walthamstow Central

Walthamstow benefits from being located at the top of the Victoria Line, at Walthamstow Central. Located in zone 3, the same station features on the overground line and operates a busy bus station travelling across London.

 

Retail

Walthamstow Market

With more than 350 stalls, Walthamstow Market is the longest outdoor street market in Europe. From international herbs to stunning fabric, the market embodies the influences of the area’s diverse cultures, while offering the expectedly cockney atmosphere of East London.

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Neighbourhood Watch: Whitechapel, London

Neighbourhood Watch: Whitechapel, London

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Whitechapel Whitechapel is a vibrant, multicultural district in the East End of London, with many traditional pubs and curry houses. The lively Whitechapel Market, is a focal point for Asian food, discount fashion, and homewares. The cobblestone alleys here are the setting for guided walks about the 1800s Jack the Ripper murders, while the trendy

Neighbourhood Watch: Whitechapel, London

Whitechapel

Whitechapel is a vibrant, multicultural district in the East End of London, with many traditional pubs and curry houses. The lively Whitechapel Market, is a focal point for Asian food, discount fashion, and homewares. The cobblestone alleys here are the setting for guided walks about the 1800s Jack the Ripper murders, while the trendy Whitechapel Gallery hosts contemporary art exhibitions and film screenings.

Transport

Crossrail

Whitechapel benefits from being well connected to the rest of London via public transport. It has multiple stations:  Aldgate, Aldgate East and Tower Hill (all London Underground stations in ‘Zone 1’), Whitechapel (a London Underground and London Overground station), Shadwell and Tower Gateway (Docklands Light Railway stations) and Fenchurch Street (mainline station).

In addition, Whitechapel will be one of 38 stops along the new Crossrail line that runs from Reading to Essex. Once the line is complete in 2019, the journey from Whitechapel to Canary Wharf will be reduced from 12 minutes to 3 minutes, and the trip to Heathrow Airport to 36 minutes.

Retail

Petticoat Market

Petticoat Lane Market is one of Whitechapel’s most beloved landmarks featuring approximately, 100 stalls, mainly selling fashion, clothing and accessories. A short walk from Petticoat Lane is Whitechapel market. Stretching halfway down the high street, Whitechapel market offers an abundance of fresh fruits and vegetables, plus a variety of Asian cooking ingredients.

Over the last 10 years or so, the Old Truman Brewery on Brick Lane has been transformed with an eclectic mix of vintage stores, microbreweries and delicious wine pop-ups.

Culture

The Whitechapel Gallery

Founded in 1901, The Whitechapel Gallery was one of London’s first publicly funded exhibition spaces, and over the years has hosted some of the world’s most significant artists. Picasso’s Guernicawas displayed at the gallery on its first and only trip to the UK, and artists including Pollock and Frida Kahlo had their London debuts here. The Whitechapel Gallery remains one of London’s key venues in the contemporary art scene, hosting regular retrospective and modern, multimedia exhibitions.

Home to many much-loved animals, from rare breeds to the famous Bayleaf the Donkey, Spitalfields City farm has strong community links and is designed as a learning resource for local. Animals aside, the farm also boasts beautiful gardens, a café and a farm shop. In addition to this, they run regular events including cookery classes and the annual extravaganza of the Oxford vs Cambridge Goat Race.

30 St. Mary Axe also known as The Gherkin, is a marvel of modern architecture with its glass panels and green building strategies.  Mostly home to offices, it also has a number of restaurants, including Searcy’s on the highest floors of the building.

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Neighbourhood Watch: Greenwich, London

Neighbourhood Watch: Greenwich, London

Greenwich, London Known for its maritime history, Greenwich is a borough in London, England, on the banks of the River Thames. Transport Greenwich benefits from its strong transport links across London via bus, tube, rail and riverboat. Greenwich is very well connected by public transport to central London’s iconic attractions. Home to a rich navel

Neighbourhood Watch: Greenwich, London

Greenwich, London

Known for its maritime history, Greenwich is a borough in London, England, on the banks of the River Thames.

Transport

City Cruises

Greenwich benefits from its strong transport links across London via bus, tube, rail and riverboat. Greenwich is very well connected by public transport to central London’s iconic attractions.

Home to a rich navel heritage, river boats sail regularly from Westminster, Embankment, London Bridge City, Canary Wharf and Tower Piers. The fastest route by river boat to Greenwich is on MBNA Thames Clippers’ catamarans, which depart every 20 minutes:

  • From London Eye Pier within 40 minutes
  • From London Bridge Pier within 25 minutes
  • From Tower Pier within 20 minutes

City Cruises are a great option for sightseeing trips with its hop-on, hop-off ticket offers, live commentary (free audio guides available in other languages) and cruise experiences that include lunch, dinner or afternoon tea.

  • From Westminster Pier and London Eye Pier in 70 minutes (180 minutes return)
  • From Tower Pier in 30 minutes (70 minutes return)

Thames River Services is the oldest established passenger sightseeing company on the Thames, also offers river services to Greenwich:

  • From Westminster Pier in one hour (two hours return)
  • From St. Katharine Docks in 20 to 30 minutes (one-hour return).

For further water-based fun in the area, hire a pedalo or rowing boat in Greenwich Park during the warmer months! Alternatively, experience the Thamesjet and Thames RIB Experience for a faster-paced ride.

An active part of the railway train system, Greenwich Station connects to central London via Southeastern trains. Both London Bridge station and Cannon Street station can be reached in less than 15 minutes.

Taking advantage of the most popular form of public transportation in London, North Greenwich tube station, strategically located next to The O2 and the Emirates Air Line cable car, connects to Canary Wharf in 1 minute, London Bridge in 8 minutes, Westminster in 13 minutes and Bond Street in 18 minutes.

Nightlife

The O2

Home to the famous O2 arena, Greenwich is known for its lively nightlife ranging from a World Heritage Site to London’s only cable car and London’s oldest Royal Park.

Culture

Queen’s House

Rich in history, Greenwich is home an array of cultural attractions. Cutty Sark Greenwich, build in 1869 to carry tea back from China, is famous for its record-breaking passengers. Here visitors can delve into the adventures of the iconic ship, and see what life was like on board.

The Royal Observatory Greenwich explores how great scientists first mapped the seas and the stars in Charles II’s magnificent Christopher Wren-designed Octagon Room – dating from 1675. Marvel at the Great Equatorial Telescope, the UK’s largest historic telescope which gave astronomers new views of the universe over 100 years ago.

Within the National Maritime Museum Greenwich, there are fourteen different galleries to explore. In the Pacific Encounters gallery, visitors can reflect on the complex legacy of European exploration and how this has shaped the Pacific as we know it today. Experience the lives of both ordinary seamen and famous historic, such as Christopher Columbus, Elizabeth I, and Francis Drake in the Tudor and Stuart Seafarers gallery.

Queens House Greenwich is considered one of the most important buildings in English architecture. Through the grand doors, you’ll find yourself in admiration of the classical décor of the impressive Great Hall. The cube-shaped building has a striking marble floor, with a black-and-white geometric design originally laid in 1635.

Shopping

The historic Greenwich Market some of the best Britain designer makers showcasing handmade gift ideas from arts and crafts, to homewares and accessories. The street food cuisine expands across the world, including vegan and gluten-free options.

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Neighbourhood Watch: Islington, London

Neighbourhood Watch: Islington, London

Islington One of London’s trendiest and most electric areas, Islington defines posh meets street as the hub of independent theatres, clubs and boutiques. Retail From the chic Upper Street to the down-to-earth Caledonian Road and Chapel Street, Islington is undeniably the arts corner of North London. Additionally, Islington Square is a major shopping hub for

Neighbourhood Watch: Islington, London

Islington

Islington Area.

One of London’s trendiest and most electric areas, Islington defines posh meets street as the hub of independent theatres, clubs and boutiques.

Retail

Islington Square.

From the chic Upper Street to the down-to-earth Caledonian Road and Chapel Street, Islington is undeniably the arts corner of North London. Additionally, Islington Square is a major shopping hub for the area, comprising a collection of mixed size retail units with double height ceiling included.

Exmouth Market.

Boasting a strong sense of community, Exmouth Market, offers fantastic local shopping emphasising quality, speciality and variety. Offering primarily food stalls, Exmouth Market is home to local and specialist farmers to small region continental delicacies.

Education

City University.

The main campus for four universities including City University, a world class higher education institution, Islington is a popular student area with fast and efficient transport links to central London via Highbury & Islington Station an Angel Tube Station.

Culture

The Screen on the Green.

Famed for its off the beaten path culture, Islington’s culture appetite is anything but mainstream.

Islington’s Screen on the Green famous for hosting the legendary 1976 gig featuring The Buzzcocks, The Clash and the Sex Pistols is a fantastic cinema mixing Hollywood with home comforts. The single screen Edwardian cinema boasts an in-cinema bar serving food and drinks and your choice of comfy cinema seats or double couches.

The Almeida Theatre, Islington.

A supporter of new talent and a driving force in off-West End, The Almeida Theatre is a 325-seat theatre producing a diverse range of British and international drama with some of the world’s best artists. Supported using public money by Arts Council England, the theatre fundraises £1.3 million annually which, combined with ticket sales, contributes to its £4.2 million turnover.

Sadler’s Wells.

On the other side of the spectrum, Sadler’s Wells is the world’s number one venue dedicated to delivered the gold standard of UK and international dance. From circus to flamenco, Sadlers Well has something for everyone.

Cuisine

The Albion.

Islington mixes historical heritage with contemporary facilities from culture to eateries. Remaining form the Georgian era, The Albion, is an elegant and tranquil pub offering a country atmosphere. Serving traditional British food and broadcasting sporting events, the beer gardens complete with a flower bed of roses, is a popular choice for many a Londoner looking to relax.

Radici.

Boasting a diverse community demand, Radici celebrates the heritage of acclaimed chef Francesco Mazzei’s Calabrian and Southern Italian roots. Top choices on the menu range from a wood-fired oven cooked pizza to delicious cocktails concocted by drinks maestro Simone Caporale.

Regeneration

Andover Estate.

Following World War II, a number of Islington’s suffered considerable damage. To restore the area to its former glory, Islington Council spent several years regenerating Annover Estate and Marquess Estate.

Islington Architects worked with the local community to provide simplified pedestrian routes with clearly defined semi-private and public areas, by installing fob access gates for residents, and improving sightlines, lighting, and paving materials. The new features stretch to semi-native plantings in the courtyards, and a new central square.

Final Note

A magnet for innovation and famed for its eclectic neighbourhood, Islington is loved by students, young professionals and businesses for its tranquil atmosphere and thriving community spirit.

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All Hail Battersea

All Hail Battersea

Battersea, London London is no stranger to regeneration. Some of the trendiest areas in London are a product of redevelopment. Hackney was once the poster district for London’s crime and today the regenerated factors is now a beacon of creativity and very much a tourist attraction for oversea visitors. Likewise, Streatham, a significantly wealthy area

All Hail Battersea

Battersea, London

London is no stranger to regeneration. Some of the trendiest areas in London are a product of redevelopment. Hackney was once the poster district for London’s crime and today the regenerated factors is now a beacon of creativity and very much a tourist attraction for oversea visitors. Likewise, Streatham, a significantly wealthy area in the 1920s, when left to its own devices has lost this reputation.

The Millionaire Millennial

As millennials begin their journey into investment, the desire to follow in the property footsteps of their parents has dwindled. Instead of desiring luxury areas such as Knightsbridge, the investors of today are favouring the electric atmosphere of Battersea, Peckham and Brixton.

Theatreland 2.0

Today a prime location for London’s regeneration scheme is none other than Battersea. At one point, the South West London area was famous for the industrial slums by Clapham Junction and the housing estate which garage musical collective, So Solid Crew were founded on.  In a bid to compete with their traditionally luxurious counterparts such as South Kensington, the Borough of Wandsworth has invested in the future of the borough to benefit from London’s reputation of a thriving cultural scene, most dominantly, theatre.

Situated beside Battersea Powerhouse, the 200-seat Turbine Theatre, opening in August 2019 is expected to be a celebration of new writing led by Artistic Director, Paul Taylor-Mills.

“I’m elated to be launching a brand-new theatre at the iconic Battersea Power Station. The vision is a simple one, to enable world class artists to tell stories that enchant at the Turbine Theatre and eventually play beyond our London home. We’re interested in being the starting point for new shows and also reimagining the older ones. It has been a lifetime dream of mine to have a home for my ideas that feels authentically ‘me’”.

A Battersea of the future

Battersea Power Station

Once an industrial powerhouse, Battersea Power Station is an iconic member of London’s skyline featured in films including Children of Men, The Dark Knight. Since being decommissioned in 1983, many developers have placed bids to breath new life into the iconic landmark with proposals including a theme park and football stadium.

In 2012, S P Setia Berhad, Sime Darby, and Employees Provident Fund agreed to acquire and develop the historic site into London’s newest neighbourhood. The first phase, Circus West Village featuring apartments, shops, cafes and restaurants opened in Spring 2017.

The next phase includes the highly awaited opening of Battersea Power Station itself and the Northern Line extension, both anticipated to be ready in 2021. Additionally, the Power Station will see a new high street, Electric Boulevard, which will include shops, cafes, restaurants and approximately 539 homes including luxury penthouses.

The £9 billion 42-acre development, is set to comprise three floors of shops, bars and restaurants, including an entire floor dedicated to food. There will also be a boutique cinema, a 1,500-capacity event space, 450 metres of riverside frontage and a six-acre power station park beside the Thames.

Taking full advantage of the growing tech sector, the power station will be a business hub featuring 1.25 million sq. ft. office space. 500,000 sq. ft. of has been secured by The Apple Group for its new London Campus while No 18, a Swedish business members club, is leasing 40,000 sq. ft.

Final Note

London will continue to be beacon of economy, culture and education, so London will continue to be a hotspot of investment.

Philip Mason, international sales director at Battersea Power Station Development Company, said at a recent media briefing for Phase 3A: “Besides the iconic building, there is always a reason for everyone to come here. The Northern Line Extension (Battersea Power Station) will be a boon to attract more investors and visitors, giving accessibility to the two hubs of the city – the financial and cultural districts.”

“London is never going to be cheap. Those who wanted to invest, better do it now. A lot of people from overseas have already started investing in London,” Mason added.

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The rise of the DINK

The rise of the DINK

In 2019, there are more child free adults than ever before. While, for those born in 1946, only 9% had no children at the age of 45, whereas for women born in 1970, this figure has risen to 17%. A US study discovered that 1 in 5 women enter menopause without children. Additionally, birth rates

The rise of the DINK

In 2019, there are more child free adults than ever before. While, for those born in 1946, only 9% had no children at the age of 45, whereas for women born in 1970, this figure has risen to 17%. A US study discovered that 1 in 5 women enter menopause without children. Additionally, birth rates among women in their twenties declined by 15% between 2007 and 2012.

The reasons why so many couples adopt a Dual Income, No Kids lifestyle, commonly known as DINK, is varied. For some the financial burden of raising a child is more trouble than its deemed worth and for others, it means sacrifices to lifestyle and career aspirations. Without the responsibility of children to cater to, the rise of DINK, the demands for property are not what they were for young professionals of Baby Boomers and Generation X.

What DINK mean for the property market?

Imperial Square, Luton

ONS figures showed that in 2017 the proportion of women never having children has doubled in generation.

Leisure & Amenity

Infinity Towers, Liverpool

Young professionals today are interested the trendy new neighbourhoods. Without the pressure to consider a property’s proximity to schools and day-care the focus for many tenants now is convenience. After working all day, and in some instances earning from a second job, the Millennial generation are interested in homes which offer closeness to shops and travel links.

Work Life Balance

The Tannery, London

In 2019, the UK is more career driven than ever before. A booming economy mixed with the impending launch of HS2 and mass regeneration schemes, means over 250,000 jobs are being launched in the UK by 2030. As a result of this, generation rent is drawn to city centre properties to stay in the heart of their working life.

Student Housing Demand

Marvel House, Plymouth

In 2018, 2.3 million students were recorded to be in higher education. Entrepreneur reported that 24% intend for pay for higher education via savings and 38% plan to work during their university studies. Higher education is at an all time high since the launch of the postgraduate government student loan. As more students stay in education for longer to gain qualifications such as an MBA and PhD, often via part-time study, instead of starting families the demand for student housing will increase.

Luxury Lifestyles

Hadrian’s Tower, Newcastle

Without adhering to the practicalities of raising children, tenants are desiring homes to suit their personalities and lifestyles. For example, 2019 saw an increase in properties with pools and audio door entry systems. Favouring state-of-the-art design specifications including private lounges, the demand for luxury property is increasing across the country.

Travel Pursuits

Epic Hotel, Liverpool

A chief reason, many adopt a DINK lifestyle is the sizeable disposable income, which can be used for travel. The rise of the staycation, has seen a dramatic increase in domestic holidays. As cities within the Northern Powerhouse gain regeneration, the rise in UK’s tourism to serene areas will benefit from the child-free movement.

Entrepreneurship

The Bridge, Kirkcaldy

Among Generation Z, working to suit your lifestyle is a priority. Entrepreneur announced 41% of Generation Z intend to start their own businesses instead of continuing the Millennial trend of side jobs. The rise is e-learning opportunities focusing on creative arts and business is predicted to be worth four times more than the higher education market. As a result of this, the demand for office space will increase.

Old Age

Bryn Illtyd Ltd, Wales

Without the comfort of having children to take care of them in old age, DINK jetsetters will be desiring Care Homes in the future.

Final Note

As the economic climate changes, the demands for property respectively alters. With more favouring an enjoyable lifestyle and the financial benefits that come along, the demand for family friendly property has seen a sharp reduction.

 

 

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London Property Investment

London Property Investment

Despite the impending presence of Brexit, London stands tall as a property investment icon, Boasting world-class theatre, state-of-the-art education and a £565 billion economy. A melting pot of culture The capital is the largest city in both the UK and European Union with an estimated 8.8 million population. Covering 607.12 sq. miles, equalling to 22,250

London Property Investment

Despite the impending presence of Brexit, London stands tall as a property investment icon, Boasting world-class theatre, state-of-the-art education and a £565 billion economy.

A melting pot of culture

The capital is the largest city in both the UK and European Union with an estimated 8.8 million population. Covering 607.12 sq. miles, equalling to 22,250 residents per square mile, London continues to be in high demand for property. Offering an array of industries from retail to fashion, London is considered one of the most diverse cities in the world for ethnicity and religious beliefs.

Christian48.4%
Muslim12.39%
Hindu5%
Jewish1.82%
Sikh1.5%
Buddhist1%
Other0.6%
No Religion20.73%

 

Of the 8.8 million people living in London, 37% were born outside of the UK; two thirds from outside of the European Union. According to the 2011 Census, 262,247 people living in London were born in India. As more opportunities are conceived in London the numbers are predicted to grow to up to 10.5 million by 2035.

YEARPOPULATIONGROWTH RATE
203510,556, 4860.63%
203010,228,0510.78%
20259,840,7421.13%
20209,304,0161.39%
20199,176,5301.45%
20158,661,3811.49%
20108,044,4331.41%
20057,501,2170.62%
20007,272,8190.68%
19957,029,5080.68%
19906,794,4000.16%

 

An American in London

The rise of the tech sector in London, most predominately Silicon Valley Tech Giants, have boosted London’s property market. US property investors are soaring through Marylebone, Mayfair, and Chelsea. Accounting for 6% of all sales by foreign buyers in London, second only to Chinese buyers, President Trump’s relaxation of tax laws governing repatriation of money held over-shore which has freed hundreds of billions of dollars for investment in blue chip assets.

Saudi Arabia£13.4 million
Turkey£10.8 million
Germany£9.8 million
Russia£9.1 million
USA£7.3 million

 

Property developer, Knight Frank established that Americans have paid an average of £7.3 million for Central London homes this year in Marylebone. Liam Bailey of Knight Frank claims “the pound’s weakness against the dollar since the Brexit referendum combined with weaker underlying prices had made London more affordable, but the huge sums being ploughed into the tech giants and hedge funds are the driving factor.

There has been a significant uptick in demand for prime property from relocating US employees, entrepreneurs, and business owners. Among the market leaders are Google’s £1 billion European headquarters in King Cross, Facebook’s engineering hub at Rathbone Place and Amazon UK’s headquarters in Shoreditch.

The new face of the tech sector

The past decade has seen London evolve into the tech hub of Europe, with a new generation of leaders. The millennials leading the tech sector demand action on major issues including climate change, mental illness and work life balance. Commercial property is seeing their influence and meeting their perquisites via ping pong tables, remote working capabilities and multipurpose spaces.

The tech sector is expected to be the leading industry in London in the next ten years. Currently, Canary Wharf hosts more than 35,000 tech workers. In preparation for the upcoming economic changes, property developers are already preparing to accommodate this.

Image: CanaryWharfGroup

Wood Wharf is set to become the districts largest regeneration development. A major requirement for this generation of leaders is access to outside space and the latest 5G networks. A £5m sq. ft project with more than £2m sq. ft of commercial leasing, distinctive workplaces, and interconnected public space is being built to meet the demands of the tech-heavy tenant.

Hotspot Neighbourhoods

London attracts all sorts of people for its variety of experiences. In 2019, the most in-demand region is East London. London has always been notorious from its innovative creative scene, and with more independent galleries, creative start-ups, young professionals and couples are heading to the regeneration sector of East London.

Generation DINKY

ONS figures showed that in 2017 the proportion of women never having children has doubled in a generation. A Savills study reported that the DINK generation (Dual Income No Kids), possessing a combined income of £80,000 where the older partner is 26-35 are heading towards South and South East London including prime riverfront addresses from London Bridge, Bermondsey and East Putney,

“There is definitely the attraction of water at play,” says Lucian Cook, head of residential research at Savills and author of the report. “They are going to be slightly less concerned about family things,” he says. “It’s all about leisure and amenity.”

London of the Future

As the capital city, London is continuously subjected to regeneration to continue its position as an economic powerhouse of Europe.

Tulip Tower

The 1000ft proposed Tulip Tower is intended to reside by the Gherkin, making the skyscraper the second tallest structure in Western Europe, featuring a viewing platform with rotating pods. The Tulip will include a restaurant and sky bar in addition to a floor for educational purposes during school hours.

Infinity Pool

Designers Compass Pools, are proposing a ‘world’s first’ transparent infinity pool on top of a 55-storey building providing 360-degree views of London. To not jeopardize the view, a spiral staircase will rotate and rise through the 600,000-litre pool to provide access.

Hackney Wick

Since the construction of Queen Elizabeth Olympic Park, investors and developers alike, have seen potential in the east London area. Once industrial buildings are being converted into luxury apartments and residential sites such as The Bagel Factory are are drawing in many young professionals for the supply of an alternative social scene.

North Bank

To contest with the South Bank, Westminster Council will fund a £28 million scheme to redevelop the North Bank. Home to Somerset House and The Savoy Hotel, the North Bank will replace Aldwych gyratory system with a two-way road and a new plaza is to be installed by St Mary le strand church. Additionally, the Strand from Aldwych to Melbourne Place to the east will be pedestrianised and lined with cherry trees. The riverbank will be opened up to become a cultural quarter lined with restaurants, bars and a retail to compete the Southbank.

Elizabeth Line

The Elizabeth Line is Transport for London’s new rail line, currently being built by Crossrail Ltd, is expected to service approximately 200 million people every year. Stretching more than 60 miles from Reading to Shenfield, the Elizabeth Line stops at 41 stations, 10 new newly build stations and 30 newly upgraded.

Final Note

As the capital, London is the first stop for regeneration, historical value, education, culture, as evident by its 8.8 million population. Despite Brexit, as long as London continues to be a global phenomenon, it is a formidable location for student, commercial and residential property investment.

Ready to see London properties? Email us at info@tarquinjones.com for more details.

 

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Neighbourhood Watch: Shoreditch

Neighbourhood Watch: Shoreditch

Shoreditch, London Away from the hustle and bustle of London’s infamous Oxford Circus, lives Shoreditch, the home of hipsters embodying everything East London hold dear. The quirky neighbourhood’s gentrification has seen a rise in generation rent craving the E1 postcode. Culture In the heart of London’s creative scene, Shoreditch is thriving with creativity from Geffrye

Neighbourhood Watch: Shoreditch

Shoreditch, London

Away from the hustle and bustle of London’s infamous Oxford Circus, lives Shoreditch, the home of hipsters embodying everything East London hold dear. The quirky neighbourhood’s gentrification has seen a rise in generation rent craving the E1 postcode.

Culture

Mr Cenz and Lovepusher

In the heart of London’s creative scene, Shoreditch is thriving with creativity from Geffrye Museum, street performers and the innovative displays of street art. In Shoreditch’s centre is Rich Mix the independent creative arts venue featuring a bar, cinema and fusion restaurant. Around the corner, Shoreditch Town Hall is the theatrical hub for E1, where musicians including Lea Michele have performed.

Nightlife

The Electric Cinema

As chaotic as Shoreditch is by day, it’s twice as exciting at night. In the summer, rooftop bars including Queen of Hoxton’s are a favourite venue, while BoxPark is enjoyed for its heated outside garden spaces in the winter months. Hotels including The Ace Hotel and The Curtain are a favourite for their vibrant night scene alongside nightclub Electric Ballroom.

Food

Street food reigns supreme in the district, with BoxPark in centre stage. Celebrating Indian, Caribbean and Mexican cuisines among more, and a variety of independent bars, restaurant and coffee shops, Shoreditch caters to the residents with amenities beloved by the local community.

Retail

Right next to Shoreditch High Street Station, Brick Lane Market, is an electric artistic hub, celebrating the 50s, 60s, 70s and 80s alongside independent food stalls selling vegan, vegetarian and gluten-free desserts and drinks.

Start-up Hub

Lyst Shoreditch Office

London remains a hotspot for businesses, and Shoreditch continues to be a beacon for creative start-ups including SuperCarers, JukeDeck, Settled, Winnow, Lyst, TransferWise and Beamery.

A Final Note

As more of the UK, are embracing the creativity of London, combined with underground, rail and bus transport links to central London, alongside National Express, Shoreditch continues to be a hotspot for generation rent.

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info@tarquinjones.comNeighbourhood Watch: Shoreditch
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Why are more and more businesses and workers relocating away from London?

Why are more and more businesses and workers relocating away from London?

Recent reports have shown that more and more companies formerly based in London are relocating their headquarters to more affordable northern locations. It has emerged that a quarter of companies in the capital have seen staff leave as a direct result of the lack of affordable housing. Many of these are moving elsewhere and big

Why are more and more businesses and workers relocating away from London?

Recent reports have shown that more and more companies formerly based in London are relocating their headquarters to more affordable northern locations.

It has emerged that a quarter of companies in the capital have seen staff leave as a direct result of the lack of affordable housing. Many of these are moving elsewhere and big businesses are following suit to keep a large number of their employees.

The Confederation of British Industry (CBI) recently found that 28% (176) of London’s top companies reported that some of their employees had left because they could no longer afford to live in London. Even at a senior level, 59% of the companies surveyed said they had struggled to recruit mid-level managerial staff because of the housing crisis in London, while 22% had had similar issues with senior level staff.

The average house price in London stands now at over £470,000 compared to the UK average of around £225,000. This means that young working professionals are considering their options outside the capital, and with major transport links being enhanced in the future i.e. HS2, it means that people will be able to pay for easy access into London without necessarily paying London prices.

Even at a senior level, 59% of the companies surveyed said they had struggled to recruit mid-level managerial staff because of the housing crisis in London, while 22% had had similar issues with senior level staff.

Birmingham is one such city that is facing an influx of businesses and their employees relocating there. Deutsche Bank and HSBC have both moved to the Midlands city from London recently to capitalize on the cheaper rates whilst putting their trade in one of the UK’s fastest growing cities. Channel 4 is set to move hundreds of staff out of London to Birmingham as well, just reinforcing Birmingham’s overall appeal.

HS2 will be arriving in Birmingham first and will offer a 45-minute journey into London once complete. This will only lead to an increase in those taking up residence in Birmingham especially from London as it will become a commuter zone for workers travelling to and from the capital.

Eddie Curzon, CBI London director, said: “The potent combination of lack of supply and high prices means businesses themselves are being priced out of the market, as they can’t afford to recruit and retain their workers, from entry-level to senior staff.

“And with two-thirds of firms not optimistic the [London] housing market will become more affordable in the next three years, we have a stark challenge on our hands.”

Where are there more affordable options in the UK?

As a whole, prices in the UK are increasing so affordable options are becoming fewer and fewer. However, there are still major cities in which prices are nowhere near the inflated London prices.

Those in search of more affordable places to live will find the best value for money in the north-east, where the ratio of house prices to earnings is 5.18. However, for a stronger housing market with better growth predicted in the future, many are choosing to invest in the north-west, where the affordability ratio is 5.81, and Yorkshire and the Humber with an affordability ratio of 5.91.

The smart investment option is the North West right now with two of the UK’s largest cities, Manchester and Liverpool, undergoing huge levels of regeneration with relatively low prices in comparison to the capital. They combine great levels of capital growth along with decent rental yields also.

Big government led projects, such as the Northern Powerhouse, has also contributed to the North’s resurgence. Media City in Manchester, home to the BBC, has been a huge success for a number of years and is part of a major regeneration project which has transformed Salford into a more attractive location for homes and businesses alike.

The Midlands is also being touted as a location in which housing is preferable in terms of price than London. The levels of growth there are also exceeding London since Brexit with impressive house price increases of 7.3% in the year to February. This is down to the investment pumped into the region which has led to businesses taking up residence there and boosting the economy.

London is seeing less investment as a result of more and more businesses and their staff moving elsewhere. It’s by no means a doomed market from an investment perspective, but the consensus is that the smart money is going elsewhere at this particular moment in time. Capital growth and rental yields can be found in the northern locations mentioned amongst others.

For more information on our latest investment opportunities, click on the Investments tab on our homepage. Alternatively, give us a call on 0208 445 6542 or email us at info@tarquinjones.com for more details.

 

AdminWhy are more and more businesses and workers relocating away from London?
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