House price increases in London linked to 'hipster hotspots'

12th December 2016

House price increases in London linked to 'hipster hotspots'

Hipsters and young professionals are behind house price rises in certain parts of the capital.

According to research from property listings website Zoopla, so-called 'hipster hotspots' have seen the fastest house price growth since 2011.

Britain's top ten 'hipster hotspots' have been ranked according to house Hipsters and young professionals are behind house price rises in certain parts of the capital.

According to research from property listings website Zoopla, so-called 'hipster hotspots' have seen the fastest house price growth since 2011.

Britain's top ten 'hipster hotspots' have been ranked according to house price growth by Zoopla, and that list is topped by Dalston.

According to the list, the average percentage increase in property prices in Dalston since 2011 is 59.89%. Shoreditch comes in 2nd place, with an average percentage increase of 58.08%. Stoke Newington and Tooting are also included.

Some of the hotspots listed are in parts of Bristol and Birmingham, among other UK cities, but the majority are in London.

Shoreditch is well-known for its tech start-ups, its cereal-selling cafes and its quirky shops, but in this list, it is Dalston which has been crowned hipster capital of the UK.

It's no secret that parts of London have been transformed in recent years, prompted by an influx of young creatives to parts of London which were formerly viewed as affordable. As local populations change and grow, property prices have increased dramatically.

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Evening Standard