Hackney prices rocket nearly 500%

Hackney has recorded the highest rate of house price growth of all London boroughs, having leapt 489% in the last two decades, thanks to gentrification within areas such as Dalston and Shoreditch. According to data from London estate agent Ludlow Thompson, the average house price in Hackney now stands at £536,000, up from £91,000 in 1998. Other London boroughs with the highest growth in house prices include the City of London, where the average property has jumped 447% to £767,000 since 1998. Separately, NestEast has secured £4.7m in development finance from Shawbrook Bank for the high-end property developers latest scheme in Cambridge Heath Road, Hackney. The project nvolves redeveloping a former hairdressing academy into nine brand new loft-style apartments with a large rooftop garden.

Source:   City AM (19/11/2018)   Growth Business (21/11/2018)