- House prices in Hackney have increased more than anywhere else in the UK over the last 20 years
- Hackney has also bucked the weaker London house price trend in 2017
House prices in the London Borough of Hackney have increased by 568% over the last 20 years, more than in any other local authority in the UK, according to the Evening Standard’s Homes & Property section and based on a report produced by Cushman & Wakefield.
Hackney has undergone significant regeneration over the last two decades, and is a poster child example for gentrification: the area’s green spaces, numerous period buildings as well as its good transport links (in spite of the absence of an underground line crossing the area) have helped attract an influx of young creatives and professionals looking for a pleasant and affordable place to live near Central London.
This has, in turn, stimulated the local economy and broadened Hackney’s appeal, making it the home of numerous tech and media companies as well as of a wide offering of shopping, nightlife and culture.
House prices in Hackney have also bucked the trend in 2017, when most of London started experiencing slower house price growth, or even declines.
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