Properties in Tower Hamlets best placed to withstand a house price dip

Properties in Tower Hamlets, home to Canary Wharf, Brick Lane and the Tower of London, are set to perform the best of all London boroughs in any future housing market slowdown, according to mortgage lender Proportunity. Vadim Toader, founder and chief executive of Proportunity, said: “Buying a property is the single biggest investment decision most of us will ever make, so it is vital to do it in the most informed way possible…By analysing the performance of London flats - the most popular property type among first-time buyers - in the last recession, we have been able to pinpoint the factors that feed into a local housing market’s resilience and identify potential safe havens going forward”.

Mortgage Introducer (01/11/2019)