Published on 14.06.2023
Top 5 London neighbourhoods to live in
Like Dubai, London is a popular place to work for young professionals, so having property in the UK capital is extremely profitable. London is constantly ranked as one of the "best cities to invest in real estate".
Despite the fact that housing in London is one of the most expensive in Europe, the market here has always remained relatively stable, so real estate is a sound investment in order to generate money for the long term.
Prices for both buying property and renting property are constantly rising. According to the JLL data, in 2023, property prices in London will rise by 5.5%. This is the highest among any other city within Great Britain. Only in April of this year did house prices in the country as a whole rise by 1.8%.
Despite the fact that housing in London is one of the most expensive in Europe, the market here has always remained relatively stable, so real estate is a sound investment in order to generate money for the long term.
Prices for both buying property and renting property are constantly rising. According to the JLL data, in 2023, property prices in London will rise by 5.5%. This is the highest among any other city within Great Britain. Only in April of this year did house prices in the country as a whole rise by 1.8%.
How we chose
London is divided into 32 administrative districts, each of which includes several boroughs. From the entire list, we have identified five that are most popular with visiting professionals — Hoxton, Wembley Park, Fulham, Shoreditch and Clapham. All areas are actively being developed, and prices for buying a home in each of them vary, so preference will depend upon your financial ability.
We have listed the average purchase price for a one-bedroom apartment and the average monthly rental price for a similar property. When compiling the list, we also paid attention to important aspects for tenants, including the location in relation to the city centre, transport accessibility, availability of green areas and places for entertainment.
Shoreditch
Shoreditch is close to the City of London and will suit those who work in the city centre, as it can be reached within 20 minutes on foot.
Shoreditch is an important transport hub of the city, as Liverpool Street station has connections to three subway lines: Central Line, Circle Line, Hammersmith & City Line. From here you can quickly reach other areas of the city such as Camden, Hampstead, Shepherd's Bush and Clapham.
From Liverpool Street station you can reach Heathrow International Airport in less than 20 minutes. From the same station there are trains to Stansted Airport, which is convenient for short flights across to Europe.
Shoreditch used to be a working-class neighbourhood until gentrification in the 1980’s. The area is still actively developing and is popular among Londoners and young professionals alike. Hence the high prices of apartments.
The area has an active cultural life as there are plenty of popular bars and restaurants, boutiques and galleries to explore.
Shoreditch is an important transport hub of the city, as Liverpool Street station has connections to three subway lines: Central Line, Circle Line, Hammersmith & City Line. From here you can quickly reach other areas of the city such as Camden, Hampstead, Shepherd's Bush and Clapham.
From Liverpool Street station you can reach Heathrow International Airport in less than 20 minutes. From the same station there are trains to Stansted Airport, which is convenient for short flights across to Europe.
Shoreditch used to be a working-class neighbourhood until gentrification in the 1980’s. The area is still actively developing and is popular among Londoners and young professionals alike. Hence the high prices of apartments.
The area has an active cultural life as there are plenty of popular bars and restaurants, boutiques and galleries to explore.
from £ 1,300,000
Buying
from £3,000 per month
Rent
Fulham
Despite Fulham's remoteness from the centre, the area is popular with young professionals looking for a quieter life. Its well-developed transport links compensate for its slightly further distance from central London.
Fulham has two subway stations, Fulham Broadway and Parsons Green, which are both part of the District and Circle lines. There are also rail links to West Brompton, Putney and Imperial Wharf stations. The Piccadilly Line connects the area to Britain's largest international airport, Heathrow.
The area is populated with Victorian and Edwardian buildings, as well as modern housing. The banks of the Thames, on which Fulham is located, are actively built up. Apartments are also in demand because of the beautiful view of the river.
The area has many green areas, shopping venues, bars and restaurants, and it is also home to the Stamford Bridge and Craven Cottage stadiums. Fulham also offers cultural activities, like the historic Fulham Palace with its adjacent green park.
Fulham has two subway stations, Fulham Broadway and Parsons Green, which are both part of the District and Circle lines. There are also rail links to West Brompton, Putney and Imperial Wharf stations. The Piccadilly Line connects the area to Britain's largest international airport, Heathrow.
The area is populated with Victorian and Edwardian buildings, as well as modern housing. The banks of the Thames, on which Fulham is located, are actively built up. Apartments are also in demand because of the beautiful view of the river.
The area has many green areas, shopping venues, bars and restaurants, and it is also home to the Stamford Bridge and Craven Cottage stadiums. Fulham also offers cultural activities, like the historic Fulham Palace with its adjacent green park.
from £ 950,000
Buying
from £2,500-3,000 per month
Rent
Hoxton
The area is just north of London's financial district. Hoxton is popular with young professionals because of its close proximity to the city centre. As a result, rental prices here are higher than in other areas. Hoxton is home to the Hoxton Overground station and the Old Street tube station, connecting the north and south of the city. Both are convenient for traveling within London and to the suburbs.
There are lots of bars and restaurants within the area, and one of the oldest street markets; Hoxton Street Market, opens on the weekends. It's also home to the offices of major technology companies. Because of the high demand for real estate in Hoxton, the redevelopment of Victorian and Georgian townhouses into modern apartments is well underway. In addition, the redevelopment of warehouses into residential units is underway as well.
All this makes the area popular with young professionals who want to live close to central London.
There are lots of bars and restaurants within the area, and one of the oldest street markets; Hoxton Street Market, opens on the weekends. It's also home to the offices of major technology companies. Because of the high demand for real estate in Hoxton, the redevelopment of Victorian and Georgian townhouses into modern apartments is well underway. In addition, the redevelopment of warehouses into residential units is underway as well.
All this makes the area popular with young professionals who want to live close to central London.
from £900,000
Buying
from £2,500 per month
Rent
Clapham
House prices in Clapham have risen by more than 10% in recent years. At the same time, property values in the neighbouring areas of Battersea and Brixton fell in 2022. The housing stock here consists mainly of Victorian townhouses, but these are now being converted into homes with 2-3 apartments.
Clapham is located to the south of the City of London. There are three subway stations here: Clapham Common, which connects the south and north of the city, and Clapham High Street and Wandsworth Road, which run through the city. Clapham has many surface transport stops providing links to the rest of south London, and there are direct connections to Gatwick Airport.
Clapham is popular with young professionals because of its active nightlife. There is Venn Street Market and the Battersea Arts Centre cultural hub, as well as a long list of restaurants, pubs and bars.
Clapham is located to the south of the City of London. There are three subway stations here: Clapham Common, which connects the south and north of the city, and Clapham High Street and Wandsworth Road, which run through the city. Clapham has many surface transport stops providing links to the rest of south London, and there are direct connections to Gatwick Airport.
Clapham is popular with young professionals because of its active nightlife. There is Venn Street Market and the Battersea Arts Centre cultural hub, as well as a long list of restaurants, pubs and bars.
from £ 600,000
Buying
from £2,000 per month
Rent
Wembley Park
Because of the lower prices compared to other areas, Wembley Park offers a wider choice of apartments. The area is actively developing apartment buildings, and the average price of housing here is 30% lower than the cost of houses and apartments.
Wembley Park is more budget-friendly, unlike Hoxton, and has been actively developing since 2016. The area is the sports centre of London — it is the location of Wembley Stadium and the SSE Arena, where football matches and music concerts are held throughout the year.
Wembley Park is well connected to the centre of the British capital by tube and rail transport. To get around the city you can use Wembley Park tube station and Wembley Stadium and Wembley Central train stations. From there you can quickly reach Bond Street, King Cross Station and other popular areas of the city within a short period of time.
Wembley Park is home to the London Designer Outlet, which is one of the most popular shopping centres in the UK capital.
Wembley Park is more budget-friendly, unlike Hoxton, and has been actively developing since 2016. The area is the sports centre of London — it is the location of Wembley Stadium and the SSE Arena, where football matches and music concerts are held throughout the year.
Wembley Park is well connected to the centre of the British capital by tube and rail transport. To get around the city you can use Wembley Park tube station and Wembley Stadium and Wembley Central train stations. From there you can quickly reach Bond Street, King Cross Station and other popular areas of the city within a short period of time.
Wembley Park is home to the London Designer Outlet, which is one of the most popular shopping centres in the UK capital.
from £400,000
Buying
from £2,000 per month
Rent
When choosing a neighbourhood to buy property, you should also pay attention to the popularity of the area among residents. Some, such as Clapham, are more suitable for young people looking for fun and entertainment, whereas Fulham is more suitable for families with children. In any case, buying a property would be a good investment, especially against the backdrop of falling house prices in the UK.
Whether you’re looking to invest or buy a property in the UK for personal use, we’re here to help
Amit Seth
Managing Director