The FT on Lewisham: The new Hackney

The FT has more research from estate agents Savills, who claim that London's 'mid-tier boroughs', including Lewisham, Ealing, Barnet and Tower Hamlets - where housing stock and transport links are good - will see the biggest house price rises in the capital over the next five years.

The paper's profile of Lewisham, says we can look forward to welcoming Hackney's sloppy seconds, as the borough becomes the "on-trend place to buy south of the river". It claims:

Lewisham is the natural heir to Hackney. Both boroughs were once home to tatty, forgotten housing stock, reputations for crime and substandard transport systems. But prices in Hackney have soared in the past five years, jumping 12 per cent in the past year alone, according to the Land Registry, as artists, trendy twenty-somethings and families looking for something a bit livelier than humdrum suburbia have flocked here.

Lewisham, now benefiting from the East London Line, which passes through Shoreditch in Hackney down to Forest Hill and Sydenham, is drawing those same punters farther south, where three- and four-bedroom homes are just about still available for under £500,000, although prices are rising rapidly. “The media and arts crowd are often the pioneers of gentrification,” says Lucian Cook of Savills. “Hackney is a very complete borough in that it has great period properties, beautiful parks and great shops and restaurants. Lewisham is similar in that it has great housing stock and has the parks and shops of Dulwich nearby. Now that it has the transport links too, it has taken over from Peckham as the new on-trend place to buy south of the river.”

17 comments:

Penis cream said...

Lucian Cook of Savills says. Dear god.

Headhunter said...

You better believe it! There are a lot more Tristans, Fredericks and Julians where he came from and they're gunning for Lewisham...

Tim said...

Reverse snobbery. Is that any better than racism, sexism, all the other "isms"?

John said...

"Lewisham is similar in that it has great housing stock and has the parks and shops of Dulwich nearby".
We've got our OWN fantastic parks and shops, thanks very much!

Royshirttugger said...

Groan

Andrea said...

Yes.

Brockley Man said...

Ramping up house prices. Just what people in the 20s/30s need.

Go Compare said...

This place is great. Hackney is a sh++++ole.

Anon said...

Meanwhile language expert Nigel Farage has spoken....

'The Ukip leader told how he went on a commuter train journey recently through south east London and did not hear anyone speaking English, leaving him feeling "awkward" and "uncomfortable".'

'"I got the train the other night, it was rush hour, from Charing Cross.

"It was a stopper going out and we stopped at London Bridge, New Cross, Hither Green, it was not till we got past Grove Park that I could hear English being audibly spoken in the carriage."'

Anon said...

He should try the 436 from Camberwell for the authentic experience....

anthonyqkiernan said...

Am I the only person that commutes to work on my own? I don't live with any of my workmates (thankfully). So, were I to randomly just start talking out loud on a train I'd expect to be sectioned. (Thankfully, knowing Londoners, I'd just be awkwardly ignored)

Woman of Brockley said...

Years ago you would have been sectioned. Nowadays people would assume you were on the phone.

Robert said...

Just imagine how awkward all those South Londoners must have felt having to share a carriage with Nigel Farage.

Mike Acord said...

Hells Yeah!!!

john doe said...

The whole borough of Lewisham is a dive, worse crime, worse housing, no shops. Lewisham is for people that can't afford to live in trendy and more gentrified places like Hackney!

Jess said...

Exactly what I was going to say! Hilly Fields, Blythe Hill Fields and Telegraph Hill have the most amazing views. Lewisham's parks are fab.

Mike Acord said...

Do you live here?

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