Is there any greater illustration of the incredible London house prices boom than the meteoric rise of Brent?
At one time Brent contained some of the capitals most deprived areas and was even oft referred to as the drive-by-shooting capital of the UK. Now, however, Brent is experiencing greater increase in house prices than any other borough in London. This includes illustrious names like Chelsea, Knightsbridge and Westminster.
Ironically, this prices hike is believed to have been caused in part by London families stepping down from neighbouring Notting Hill where property prices are exorbitantly high. This combined with the greater interest of developers and foreign buyers means prices in Brent are booming more so than anywhere else.
Queen’s Park kicked off the trend, where unexpected price rises had made millionaires of thousands of residents. This in turn started a trend for the rest of Brent, through Kendal Rise and Willesden Green, and ultimately to Harlesden. This is incredible, since the area, once famous for shootings alone, is fast becoming populated with some of the most expensive property in London.
It all demonstrates the problems facing young families in London who simply cannot compete with foreign buyers, and increased value in many London markets.
At least, they have Simply Extend. With a home extension in London, they can make more room for their family unit and could do so for far less than the cost of moving house. In addition, they will endure less stress and strain, since most home extensions in London take just a few weeks to complete.
Talk to the experts at Simply Extend today by calling 0800 917 7571, or find out more at our main sitehttps://www.simplyextend.co.uk. The home of your dreams could be the one you’re already in.Share this: