Jump to content
House Price Crash Forum
Sign in to follow this  
Dave Beans

The Tale Of Woodberry Down, Hackney

Recommended Posts

http://www.theguardian.com/society/2014/may/18/-sp-truth-about-gentrification-how-woodberry-down-became-woodberry-park

According to the British Property Federation, 61% of all new homes sold in the capital last year were bought not to live in but solely as an investment. The vast majority of them would have been rented out; 5% were flipped back onto the market.

Why am I not surprised...

Share this post


Link to post
Share on other sites

“I’m looking through this and all the amenities that we had already, they’re bragging about. The reservoir, the sailing club, the parks, the local markets: they’ve always been there. I don’t know what they’re actually adding.”

I went to the marketing of this development in Singapore about a year ago, out of curiosity. Units were selling off plan like hot cakes. Luckily I know a bit about London.

Share this post


Link to post
Share on other sites

Very interesting stuff especially as I know this area well. Would like to know where the original 1940/50s inhabitants of the estate went to ? From my experience it would be Edmonton, Enfield and various bits of Essex. So nothing much has changed except the people moved out voluntarily to buy a property and have a bit of garden . I would also imagine there was also an element of white flight involved and well paying semi skilled jobs were available around the North Circ and A10.

I suppose classic boomers .

Now the residents have no chance of buying. A 3 bed ex council semi in Edmonton has an asking in excess of £300 k and is an area of high unemployment and crime. Also there's plenty of chip/kebab shops so Mehmet has plenty of competition.

Every adult in London should read this feature and for most ordinary people the writing is on the wall.

Must say The Happy Man pub has the least interesting frontage I've ever seen and deserves to meet the wrecking ball ! Btw it still has the advertising for Christmas/ New year Eves events on it's board......

Share this post


Link to post
Share on other sites

I grew up not a million miles from here and wish all the overseas investors the very best of luck, they will need it.

Fantastic piece though - interesting how it's only the left wing press that give a shit about what is happening.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   210 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.