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Moving Up

The two neighbourhoods you'll be trying to find a flat in next

Written by . Published on February 6th 2012.


Moving Up

YOU would have been hard pressed to convince anyone back in the '90s that Dalston would soon be the new hub of London's cool kid collective. Well, it did, but this is nothing new. London's fast population growth has made places – previously labelled as uninhabitable – areas of decadence and innovation with developers and businesses investing handsomely.

But what does this mean for London? Well, firstly, housing prices are increasing at unprecedented rates to meet the surge in demand, and people who want to rent are having to fork out more than a fair buck to afford decent accommodation (and we use 'decent' loosely). It is now not an unusual site to see a queue of people outside properties waving wads of cash for a deposit at smug looking landlords. Hold on to your cheque book, here are a two of London's most promising neighbourhoods:

FINSBURY PARK
Current: Located in north east London a few miles from central, Finsbury Park is seeing an influx of young professionals and students. It also has a big Turkish and Jamaican population. 

Pros: It boasts the biggest transport interchange in the capital outside zone 1 providing great accessibility. Ian McKellan and Celia Imrie recently backed the construction of a new £2.2 million theatre located by the underground station funded solely by private sources and benefactors. In addition to this, Finsbury Park is being used as the Jamaica fanzone during the Olympics, surely the coolest place to be during the two week show piece. Some of the best Turkish food in London can also be found here.   

Cons: The area still has a negative stigma attached to it for being a bit of a dump as well as having a high crime rate. There's a distinct lack of good quality pubs and bars – unless you like your piss lager/old men boozers – with a few exceptions such as The Faltering Fullback. There is also a lack of studio space which often seduces the creative, arty types.

PeckhamPeckham

PECKHAM
Current: Now known for being home to Only Fools and Horses, Peckham used to be a thriving area of residential wealth in the sixteenth century, with an abundance of orchards producing figs and grapes for the markets. But in the past century or so the area became much more commercial with industrial workers moving there to avoid the expensive central London prices. With the help of central funding and a thriving art scene, Peckham is now turning into a popular place to live amongst artists and young professionals/families.

Pros: Regular trains to and from London Victoria and London Bridge provide easy access to the capital centre. There is also also a thriving art scene through the emergence of Hannah Barry Gallery and Son Gallery which have provided a platform for some of London's most promising young artists and sculptors. At the top of a disused car park lies the home of Bold Tendencies  an innovative sculptor park with stunning views over London. The roof is home to Frank's, serving cold beer, cocktails and, from the start of this summer, food. In the late '90s north Peckham received a £290 million regeneration grant and is now home to the award-winning Peckham Library as well as the South London Gallery.

Cons: There is no tube stop in or nearby Peckham. Additionally, crime has been a major issue in recent decades but mostly gang related. The riots were omnipresent in Peckham with huge damage to small businesses as well as widespread looting.

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