It is no secret that property prices in East Ham have been on the rise in recent years. Below, we will take a closer look at how prices have changed and what factors are contributing to this increase. We will also explore the current market conditions and offer our predictions for the future of East Ham real estate.
Increased Demand for Housing
There are a number of reasons why property prices in East Ham have been on the rise in recent years. One of the most significant factors is the increasing demand for housing in the area. This is due to a number of factors, including population growth and the gentrification of surrounding neighbourhoods. As more people are looking to live in East Ham, competition for limited housing stock has driven up prices.
Increase in Investment
Another factor that has contributed to rising property values is an increase in investment from both domestic and foreign buyers. Investors are attracted to East Ham because of its relatively affordable price point compared to other parts of London. Additionally, many investors see East Ham as an excellent long-term investment due to the expected continued gentrification of the area.
Finally, another reason why prices have been rising is the recent introduction of the Crossrail link. This new transportation infrastructure has made East Ham more accessible and convenient for commuters, which has made it an even more desirable place to live.
All of these factors have contributed to a steady increase in property prices in East Ham over the past few years. Prices are now at an all-time high, and there is no sign of them slowing down anytime soon.
If you are thinking about buying property in East Ham, now is a good time to do so. Prices are expected to continue to rise as demand for housing in the area remains high. However, it is important to remember that East Ham is still a relatively affordable area compared to other parts of London. So, if you are looking for an affordable place to live in the city, East Ham should be at the top of your list.