Well, well...
"Clapton is now officially one of the most sought-after locations in London after £3.3 million worth of new properties changed hands in a single night. The purchases took place at an exclusive investor party held by developer George Wimpey to launch phase two of Altius, a stylish development of one and two-bedroom apartments on Mount Pleasant Hill. Ten plots were sold during the three-hour event, including the penthouse property. A further five properties have since been reserved by investors who attended the party. George Wimpey believes this rapid rate of sales demonstrates that people’s perceptions of East London are changing fast, particularly with the forecast Olympic Games investment spearheading its regeneration. Tina Dedman, sales director for George Wimpey East London, said: 'Investors are now seeing Clapton as a stylish, up-and-coming location perfect for young professional tenants. With Canary Wharf and the Olympic venues close by, the area is set to become a hotbed for ambitious people – and buy-to-let investors have clearly seen the possibilities this area holds.'”
I think I feel a little ill. Anyone else?
Hmmmm... for as long as I can remember, people have been saying that Hackney is an up-and-coming area, and gentrification will happen any day now... what they fail to realise is that Hackney is immune to gentrification. Bwahahaha! In your face, property developers!
Long may it remain ungentrified...
Posted by: annie | August 30, 2007 at 07:58 PM
I would like to see someone try to gentrify Chatsworth Road and Clapton Park! Chats is what it is, and I don`t think that the Olympics will change that...
Posted by: Glyn | August 31, 2007 at 12:43 PM
Hmm... You may want to change that opinion with hindsight... Chatsworth Rd is now half way there
Posted by: M h | January 04, 2012 at 12:23 AM