Press Release Summary: In these times of credit crunches and talk of property performing badly, those looking at property investment, be it in the commercial or residential sectors, are often confronted with gloomy news.
Press Release Body: In these times of credit crunches and talk of property performing badly, those looking at property investment, be it in the commercial or residential sectors, are often confronted with gloomy news.
Such pessimism, however, frequently ignores the many works in progress which promise to offer new opportunities for investors. East London and the Thames Estuary is one such area, with both the 2012 Olympics and the Thames Gateway project potentially creating a huge array of new investment prospects and economic development.
The Gateway has had its critics and its queries, as any large project, not least one that is government-led, might. Yet a report by property investment firm Jones Lang Lasalle has said the area, benefiting from vast government aid and the Olympics is the leading investment prospect in Europe. Andrew Gould, head of the firm\'s east London team, told building.co.uk: \"The opportunities for occupiers and investors are now very real and we would not have concluded that even two or three years ago.\"
The report stated that \"massive development\" would occur in the area in the next 15 years. In this, it noted, the impact of the Olympics, while relatively small across London and the UK as a whole, would be \"enormous\" in the local economy.
With new housing, industry relocating from the Olympic Park site, plus a wide range of new projects (particularly transport-related ones) the firm concluded there were compelling reasons to invest in commercial property in the London Thames Gateway.
Peter Andrews, chief executive of Thames Gateway, concurred, telling Building Talk the transport developments of the new Channel Tunnel rail link and the forthcoming Crossrail project would add to the Olympian attractiveness of the area.
The good news also appears to be spilling into the residential property sector as new developments emerge in east London. For investors looking for the best place to buy property in the expectation of prices rising, Hackney has been tipped by Halifax this week as one of the best investment hotspots in the country, the only London location to make the top ten and the highest-placed outside Scotland, where overall house price inflation is expected to be greater.
Halifax gave the Olympics and Crossrail as the two main reasons for the borough becoming a hotspot, in line with its prediction that those areas enjoying new transport links and other major developments would be among the best performers (for this reason the other English locations listed in the top ten hotspots were the Kent towns of Dartford and Chatham with their new high-speed rail links to London and Liverpool because of its 2008 European City of Culture status).
Thus while some may believe that the prospects for successful property investment have gone west, wise investors may well look east.
In today\'s world Property investment is an excellent investment option especially investment in UK
2022
