24 Oct '13, 6am

Croydon is a #Subprime #HY… #UKREBubble #GlobalREBubble 'Croydon: London Latest Investment Hotspot' @SGPropertyGuru

A major regeneration plan is set to improve transport links, improve public spaces and transform Croydon into a retail and commercial hub capable of challenging its more established Zone 1 and 2 neighbours. Commenting on Croydon’s investment prospects, Charles Townsend, Business Development Manager at UK developer Sloane International, said: “High demand for Zone 1 and 2 properties has meant that many developments in central London are simply unaffordable for the average investor. It is clear that London workers have to look further afield for affordable rental accommodation and therefore we believe that high growth areas outside these zones, such as Croydon, offer investors higher potential returns at a more realistic price point.” The regeneration plan was announced last year with Mayor Boris Johnson confirming a £1bn investment to transform the area’s economy and drive ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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