Renters definitely understand that location is essential when choosing for a place to stay, especially at London’s tech area.
About 7,000 technology companies are located just around the Silicon Roundabout; making it Britain’s most flourishing tech hub and one of the main reasons is the location.
Silicon Roundabout is not just a breeding ground for tech companies; Shoreditch is also an active area for restaurants and bars and is an increasingly admired area to reside. Nevertheless, the property prices are beyond the earnings of a regular programmer. So the question is, where are they settling now?
For those people who decide to stay around the area, there are inexpensive homes just a few stops along the tube line. Moreover, the new Cycle superhighway set to be accomplished in early 2016 will connect Shoreditch with Haggerston, Dalston, and even Tottenham.
Even as house prices in Dalston, Shoreditch, and Hackney are impractical for many young professionals to acquire, the area still presents fairly reasonable rental property.
New cafes, Clapton’s flourishing weekend markets, and boutique food stalls also draw a lot of young people to the area.
Additionally, Stratford, like several areas that are to be linked up by the high speed Cross rail is said to include 11,000 new properties. It will develop into one of the best connected areas in London, and it is likely that renters will continue to gather within the area.
The said areas propose cost-effective living close to the creative and innovative areas of East London. The private leasing area permits renters to maximize their earnings by living along commutable distance of employment markets in the most pioneering sectors in the UK.
The standard of living that East London presents to those working in the technology sector is particularly attractive among young professionals who are renting as they near the main employment markets, as they also have the opportunity to enjoy living there as well.