Top 5 Property Hot-Spots in London

 

What exactly determines whether an area is a hot spot or not? First of all, the sun has nothing to do with it nor does the hottest temperature an area reaches in a day. Hot spots aren’t hot because of their temperatures; they’re hot because of their status. A status that consists of stability, growth, and in demand products and services as well as an ideal and central location to everything. London has many favorable hot spots and you can bet that people will be flocking to them in the next few years.

London’s hot spots are considered to be so for many reasons in addition to those mentioned up above. These hot spots are highly accessible via the transport links that run through them, they possess a desirable and promising housing market, and the extent of development in the form of shopping centers, malls, restaurants and other forms of leisure and entertainment is very active. There are 5 main areas in London that portray all of these “hot-spot” qualities.

These are the top 5 property hot-spots in London.

  • City of London and Eastern Fringe could easily be considered the watering hole for the rich as it’s seen an increase of more than 30% of residents who would fall under the “wealthy achievers”. This has all happened within a span of 5 years, and with ongoing developments such as the Heron and the Four Seasons Hotel and Private Residences. No longer will this city be recognizable as the residential area as it was once known for as soon as more development are up and running. And with the convenient Crossrail station running through the town, just as many individuals will find themselves leaving the city as there are entering it.

 

*Current value of homes in the area £800 – £1,000 per square feet with a 118% rise in population

  •  City Road Corridor will be the professionals’ ideal location. It’s walking distance from many work places and offices as well as an exciting and busy nightlife in neighboring cities like Shoreditch, Clerkenwell, and Angel. It too will be a major redevelopment area with big names like Intel, Cisco, and British Telecom looking to invest in the growth and future of City Road Corridor. The only downside to this planned project is the estimated time of completion, which is approximately 10 years.

 

*Current value of homes in the area £625 – £775 per square feet with a 36% rise in population

  • Earls Court was the host of the Volleyball Olympic this past summer and now the Earls Court Exhibition Centre site is well on its way to being redeveloped. In addition, there will be about 7,500 new homes being built in a cluster of 4 smaller villages that are near a new park. With the new homes and other new developments in progress, it won’t be long until this area becomes a prime central London market.

 

*Current value of homes in the area £1,250 per square feet with a 60% rise   in population

  • Farringdon will consist of all new travel links going through the city and therefore will result in increased values. This will turn this city into a major connection for Crossrail as well as a transportation provider to workers and residents who need overland services and fast and direct access to three of London’s airport. With improvement of retail and amenities over the last decade, you can expect prices to slowly but surely climb up.

 

*Current value of homes in the area £850 per square feet with a 52% rise in population

  • Hammersmith developers have been in careful and painstaking negotiations in regards to the residential development of the area which includes the number of affordable homes that will be built. In terms of transport links, the area is sufficient and very accessible from Heathrow. The city’s growth is stable and very accommodating to the new developments.

 

*Current value of homes in the area £700 per square feet with a 78% rise in population

If you’re relocating from a different part of the UK or maybe even coming from a country outside of the UK, then take into consideration these popular and thriving areas. It’s a common theory that people go where the masses go and the individuals who are left behind eventually follow at the end. So whether you’re a part of the mass that’s already established itself in these hot spot areas or if you’re the individual that’s just now entering the scene, be ready to experience growth and changes at a considerable speed in the property hot-spots of London.

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7 Top Most Localities in Bangkok for Rent

 

Renting property is stressful no matter where you are, but it is especially so in a hub like Bangkok. Bangkok is bustling with interurban development and hosts a booming economy, tourism market, and culture. Because Bangkok is at the economic center of Thailand, it is the heart of investment and development.

This urban jungle of skyscrapers, high rises, and clashing styles attracts a diverse population and makes Bangkok one of the world’s top tourist destinations. The city is always buzzing with energy and excitement and has five rapid transit lines in operation to alleviate both traffic and pollution.

Bangkok is unique in its use of both canals and land to accommodate traffic. While land traffic surpasses canal traffic today, there are still daily water buses that transport commuters, and effectively give Bangkok five modes of transportation in and around the city, as well as to suburbs and neighborhoods outside of the metropolitan area.

With so much activity, it is essential to familiarize yourself with the area before deciding on a place to live. Transportation, public parks, shopping, and culture all play a part in determining what living space is best for you. Here’s a quick guide to the seven best neighborhoods in Bangkok.

BANGLAMPHU

Touting famous spots like Khao San Road, a backpacker’s paradise, and Phra Athit Road, filled with eclectic bars and trendy restaurants, Banglamphu hosts a mix of attractions for all ages. This neighborhood is farther removed from the central city, but river ferries on the Chao Phraya make it an easy trek while avoiding road traffic.

Khao San Road hosts an ‘anything goes’ vibe and is home to budget guesthouses as well as mid-range hotels. Swanky bars, massage parlors, bookshops, and tattoo artists line the street, and its infectious atmosphere is popular among hipsters and art students. Passing an afternoon along Phra Athit Road boasts a riverside promenade and an area with a quainter feel, lacking the modern high rises and ritzy malls.

Local eateries, great night spots, and lots of shopping make this a busy area with a little something for everyone.

BANGRAK

Some of the city’s best restaurants reside here along the Chao Phraya. Touting the nickname Venice of the East, Bangkok is home to neighborhoods like Bangrak that host fine dining and romantic spots to watch the sunset over the river.

Bangrak also contains some of Bangkok’s most luxurious hotels and upscale shopping. Containing famous trendsetters and frequent visitors like Conrad Hilton, Bangrak is the epitome of pampering and elegance.

CHINATOWN

It’s safe to say that most big cities have a Chinatown. Most of them are perfect for foot traffic because there are narrow streets, minimal cars, and charming shops and restaurants that open up right on the sidewalk. Bangkok is no different, and Chinatown has a wide array of authentic food, wholesale prices, and a Chinese opera that provides excellent insight into the Chinese traditions of Bangkok.

EKAMAI

Ekamai is mainly residential, so there is not a lot of shopping. But what it lacks in shopping, it makes up for in food. Greek, sushi, Italian, and traditional Thai litter the streets at various price points, and Ekamai is a close second in nightclub population to the Thonglor neighborhood.

There are nightclubs, bowling alleys, and movie theatres. Because it has more condominiums and apartments and fewer bars, it’s more low key than some of the other neighborhoods, but Fridays and Saturdays bring more people to the streets.

PATHUMWAN

This isn’t the neighborhood for you if what you’re looking for are the most famous temples or museums. However, Pathumwan is home to Siam Ocean World, Queen Saovabha Snake Farm, and shark diving at Planet Scuba. Pathumwan is also littered with many different types of food from Mexican to Japanese to fried chicken.

Pathumwan’s nightlife boasts a 1920s speakeasy if you’re looking to go back in time with your cocktail, or you can check out several discos if what you’re after is a live music and good cheer.

SATHORN

Sitting at the crossroads of Central Business District and Lumpini Park, Sathorn contains luxury properties, gourmet dining choices, and Bangkok’s biggest park, giving its residents a nice escape from the stresses of the big city.

With a mix of upscale restaurants and street vendors, one of the eating highlights of this neighborhood is Uncle John’s. A former five-star chef runs his own roadside eats, and it’s the best of both worlds.

SUKHUMVIT

Designed for young professionals, this energetic neighborhood is sleek and modern. New architecture sets the trend here, and ‘boutique’ is the buzzword on the streets. Sukhumvit Road runs all the way to Cambodia, and it is the hottest strip of real estate in Bangkok. Sukhumvit will keep you busy for a long time with restaurants, bars, shopping, cinemas, public transit, and so much more.

Bangkok continues to evolve, and there is something for everyone in this unique city alive with history, tourism, dining, and everything in between. Real estate is a hot commodity, but well worth the price. You’re sure to find what you’re looking for, and many things you’re not!

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