Real Estate Updates In London, Fulham, Earl’s Court, Whitechapel, Acton & More

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Although London is one of the world’s hottest real estate markets, you must study its different neighborhoods before deciding to buy a property. Areas like Canary Wharf, Old Oak Common Lane, and White Chapel are expected to have significant property rate growths in 2020. Here are some of the neighborhoods you will find most profitable in London.

Canary Wharf
As London’s secondary business district, Canary Wharf is one of the UK’s and the world’s main financial hubs. The neighborhood boasts tall buildings, one of which is One Canada Square, the second-tallest in the country. Located only six miles away from the city center, canary Wharf provides quick access to all that London has to offer.

Old Oak Common Lane
Located between Harlesden and East Acton on the west side of London, Old Oak Common is one of the highest potential neighborhoods in London and the UK. Together with the adjacent Park Royal, the region is planned to become the biggest regeneration scheme in the country. That’s why both neighborhoods have been branded as potential Canary Wharfs of West London. The broad strip of industrial land at Old Oak Park will be reshaped into an energetic district. This will create new homes and jobs plus high-quality parks and open spaces and a new school. With up to 6,500 new homes to be built in the area, Old Oak Common offers a unique investment opportunity.

Whitechapel
Located within walking distance to the city center, Whitechapel is an energetic, multicultural district in East London. The lively Whitechapel Market is the place to go for homeware, discount fashion, and Asian delicacies. The neighborhood has several curry houses, conventional pubs, and shops. Some of the highlights of the area include Jack the Ripper Museum and the fashionable Whitechapel Gallery that is home to film screenings and modern art exhibitions.

Acton
Although many people often overlook Acton in favor of the adjacent Ealing and Chiswick, this neighborhood is set for a boom in the real estate market. Located six miles on the western side of London, the area has been drawing buyers from Queen’s Park and Notting Hill, looking for more space and value. South Acton Estate is under redevelopment, Crossrail is set to arrive in the neighborhood, and a new shopping center is about to open in the area.

These improvements will boost the housing market of Acton. By 2026, Acton Gardens will have 2,500 new homes, with half of them being affordable. To encourage clients to move to the area, there’s a free three-year Transport for London travelcard for those who go for one-bedroom flats. Currently, the average price for a two-bedroom flat in Acton is £575,000.

Fulham
This upscale residential area is famous for fashionable shopping streets with stylish boutiques, posh delis, and home-goods stores. The Parsons Green area has a village feel, thanks to its relaxed pubs and famous brunch cafes. One of the greatest attractions in Fulham is the centuries-old riverside Fulham Palace. It features landscaped gardens with Tudor, Georgian, and other architectural styles. Gorgeous looking homes and posh cars line the streets of this neighborhood.

Earl’s Court
Located between Chelsea and upmarket Kensington, Earl’s Court is among the smallest districts in southwest London. Once seen as merely a neighborhood for students who are struggling to meet the budget, the area has become one of the most affluent towns in the capital. Part of the area is under regeneration, which will transform the former Exhibition Center into contemporary apartments and retail spaces. 7,500 new homes will be created in the next decade, the majority of which will be rental properties. With a solid transport system, residents of Earl’s Court can conveniently access central London.