1. Hackney Property Market: High Demand for Homes in Hackney
The Hackney property market is reaping the benefits from the progress made on the
London 2012 Olympic Games' legacy over the past year. Whether it is house hunting for
a house or flat in Hackney, homebuyer demand for Hackney homes is at an historic high.
London 2012, which has been billed as the regeneration Games, is having an
enormously positive impact on the Hackney property market, with the area being
transformed dramatically.
Since it was awarded the Olympics five years ago, various promises have been made
about how the Games will transform the lives of east Londoners, and those who own
homes in Hackney and its surrounding areas.
Many new home developers have
moved into the Hackney
property market in order to
build more new and improved
homes in Hackney, with housing
output reflecting the fact that
most homebuyers want to buy a
flat in Hackney – largely due to
price constraints.
Hackney homes have appreciated at a rapid pace in the past 18 months. Across
Hackney, property prices have improved.
Yet, prime Hackney property prices remain among the cheapest in London, which
appeals to many homebuyers, particularly first-time buyers seeking to get a foot onto
the housing ladder.
Hackney homes, mainly flats, appeal to first-time buyers, because many Hackney
properties fall under the stamp duty threshold of £250,000 – a saving of up to £2,500
(one per cent of the purchase price).
In fact, Hackney is the cheapest borough for prime real estate in London, suggesting
plenty of room for growth.
In recent weeks more Hackney property owners have rushed to join the market (17.5
per cent more Hackney homes on the market in the past month) in an attempt to cash
in on further anticipated price rises in the Hackney homes market following the
relaunch of the East London Overground line, among other improvements in the area.
Nevertheless, there is still an imbalance between the supply and demand of homes in
Hackney, as far as both houses and flats in Hackney are concerned.
Consequently, more new home developers have started construction work on a number
of new homes in Hackney in response to an increase in Hackney property sales
enquiries.

2. Hackney Homes on the Market
Berkeley Homes has started building work
on Woodberry Park - City Waterside. The
first block to be released on this waterside
development provides a mix of 1, 2 and 3
bedroom hackney flats and penthouses,
with prices starting from £239,950.
Part of one of the largest regeneration
projects in the UK, each new Hackney flat,
certainly as far as this Hackney property
development is concerned, has been
carefully considered to ensure that each
benefits from their own outside space along with a high specification throughout.
Circle Anglia has launched a selection of two bedroom homes in Hackney on Kenninghall
Road. Each Hackney flat has been redecorated throughout. They are conveniently
located for Rectory Road and Clapton Rail Stations. Local amenities are just a short walk
way. Each Hackney flat offers spacious living quarters. These Hackney properties are
on the market for £250,000.
Elsewhere, Vision Homes has launched a Hackney property development called Paradise
Park – a riverside scheme featuring a selection of exclusive 1, 2 & 3 bedroom Hackney
homes, located near Clapton station. The scheme also consists of additional social
housing, around 10,000 square feet of office buildings and an underground car park.
These stylish Hackney flats are surrounded by parkland and run alongside the River Lea,
making them ideal for a wide range of
people seeking to buy a home in Hackney.
These Hackney properties start from
£189,950.
Meanwhile, Taylor Wimpey is building
Amhurst Corner, one of the finest
Hackney property developments of
spacious 1, 2, 3 and 4 bedroom flats
Hackney has to offer and close to Stoke
Newington.
These Hackney homes have a superb
specification including a built-in single oven, hob and cooker hood, plus a freestanding
fridge/freezer, white downlighters to specific rooms, gas heating and heated chrome
towel rails. Prices in this striking development start from £199,950.
With a wide range of homes in Hackney to choose from, house hunting in the Hackney
property market is not for the fainthearted.
- Author Calvin Jesse
View Source: Paradise Park – New Homes Development – Homes Hackney