| Whether you're an experienced property investor or | | | | has attracted a higher number of retail shops. As a |
| simply someone who's looking to buy a home in the | | | | result, it is now one of the best places for property |
| area, London has always had an enduring appeal in | | | | investment in London. |
| the property market. However, as house prices | | | | As the city gears up for the 2012 Olympic Games, |
| across Britain have continued to rise over the last | | | | London authorities have been gathering funds for |
| couple of years, there has been a lack of investment | | | | increasing investment in London's East End. However, |
| in the London property market; the result is that | | | | even before the 2005 announcement, areas of East |
| now, a buyer's market exists in London, with the | | | | London and Stratford were benefiting from |
| tactical property investor expecting returns of 6.5% | | | | substantial government investment, making the |
| to 7%. | | | | region one of the city's prime property hotspots. |
| According to property experts there are numerous | | | | Prices have been rising steadily, and redevelopment |
| London property hotspots - and now is the time to | | | | plans mean that these areas of London are fast |
| take advantage of them. Fulham, Notting Hill and | | | | becoming some of the capital's most desirable places |
| Pimlico, for instance, have recently seen their | | | | to live. |
| properties drop in price; the market in these areas, | | | | Other redevelopment programmes are occurring |
| however, is now recovering. And as the house | | | | across London; Elephant and Castle, for example, has |
| market in these already well-established areas begins | | | | been absorbing the effects of inward-investment and |
| to revive, other areas in London which are not | | | | is another emerging London property hotspot. While |
| traditional property hotspots have also begun to pick | | | | people wanting to invest in property for sale in |
| up. For example, Peckham used to be the second | | | | London may see a golden opportunity in the current |
| most-deprived Local Authority in England; however, | | | | property market, it is important not to get carried |
| thanks to a £300 million mix of government and | | | | away by the lure of a profitable investment; buyers |
| private investment, Peckham won an award in 2003 | | | | must have patience as it can often take anywhere |
| for local tourism initiatives. The scheme resulted in | | | | from 15 to 20 years to realise a decent return on |
| 2000 newly created homes in Peckham and the area | | | | your investment. |