As one of the safest places to invest in property worldwide, London is often misconceived as being too pricey for anyone other than oligarchs, investment bankers and CEOs. There can be no doubt there is a London bubble which has withstood the credit crunch and the market continues to thrive, however there are also a wide range of regeneration areas across the city. Local councils are working with developers in many of these boroughs to attract people to live and are offering different housing options and making affordable homes a priority.
Specialist development company LDL has launched a collection of new homes in up and coming Bromley-by-Bow which offer attractive rental yields of up to 7.4%.
Housebuilder Barratt Homes has announced that it will be launching No 1 The Plaza, a new 27-storey residential tower in Bromley-by-Bow, on Saturday 5 May.
Comprised of 183 one, two and three-bedroom apartments as well as one-bedroom suites, No 1 The Plaza is the penultimate phase of the St Andrews development which is formed of a series of striking buildings from three to 27 storeys. Prices start at £198,000 for a one-bedroom suite.