East London deemed more recession-proof than other boroughs

Proportunity,a lender which offers first-time buyers loans to help them top up their deposits and access better mortgage rates, has used its data to rank every London borough in terms of its potential Brexit resilience. East London tops the chart, with Tower Hamlets coming out on top. The characteristics that put these locations in pole position included having a below average percentage of new-builds; a large millennial population; proximity to well-used transport links and higher than average flat prices. The locations deemed most vulnerable to a house price crash were all in outer London, and tended to have larger homes and lower house prices.

City AM (31/10/2019)

Share this article: