 |
| Source |
 |
| Source |
We are quite lucky to be living where we are: Zone 2, on the
central line with easy access to National rail, Tube, Dlr or Buses to take us
either into central or Essex. East London does definitely have its perks. I’ve
only been here for 7 months, and it has grown on me. The people are different
here, younger, full of energy, more “cosmopolitan”. That said however, there is
a veritable mix of economic status. Take our small gated community for
instance. Right on the door step of the Regent’s Canal but with pound and
bargin shops just around the corner. Residents range from highly paid
professionals to key workers and council tenants. On the other side of the
canal you have the very successful professionals… well that’s my assumption
because I was informed of the prices of those properties and knew there would
be no way the likes of me could afford that.
Anyway, with my rambling over, the purpose of this post is
to discuss the rise in the number of tenants that have been pushed out of their
rented properties due to price hikes. Landlords are looking to cash in on the Olympics
coming to town and increasing rents by up to 4 times. Those that are most
vulnerable are those with limited rights and probably no access to council
properties. As reported in the Guardian, young professionals are also feeling
the push as they have restricted disposable income. I guess owner occupiers on
the other side of the canal will be able to benefit if they decide to take
extended holidays. With some estate agents offering £1,500 a week for a one
bed, I’m wishing that I had bought a flat when I had the chance.
Read the full article on The Guardian website.
No comments:
Post a Comment