Real Estate Investor Magazine South Africa March 2014 | Page 52

UNITED KINGDOM London’s top 10 BY MIKE SMUTS The latest investment hot spots for 2014 A s London’s house prices continue to increase, a new report launched by CBRE, the world’s largest commercial real estate services and investment firm, has identified those investment hotspots which offer the most potential for growth over the next few years. & Chelsea continue to appeal to the global audience, the CBRE report points to a surge in popularit y of areas such as Hackney, Islington and Merton, all of which are building reputations as destinations in their own right and are set to achieve record breaking capital growth during the next few years. a lternative to its t y pica l competition of Richmond, Wimbledon and Fulham. The CBRE has analysed a wide variety of metrics which includes local demographic trends, upcoming large scale regeneration projects and infrastructure improvements such as Crossrail, in order to consider which of those London boroughs will deliver the very best return. Camden: The London borough of Camden enjoys an array of desirable areas including Primrose Hill, Hampstead Heath and Camden Town itself. With a strong reputation of combining a fashionable young district with a traditional village-like lifestyle, the local housing market has out-performed most of the rest of the capital with an average growth of 11% during 2013, and 100% over the last decade. Richmond upo