‘Croydon is a sweet spot for residential investment in the current market. With the proposed Westfield Croydon shopping centre the result of a £1 billion investment by Westfield/Hammerson now underway coupled with a major regeneration of the area, Croydon has seen a spike in its recent property prices with Zoopla reporting a rise of as much as 13.1% in 2014 alone.’
Meanwhile if you can afford it from 31 October you will soon be able to choose to live in The Quarters, the transformed former Home Office St Anne’s House. Designer homes ‘targeted at residents seeking a metropolitan lifestyle’. are being brought to the market later this month.
Cameron Promises End To Developers Building Social Housing
Croydon could become even more profitable if Prime Minister David Cameron implements his promise to free developers from providing so-called ‘affordable’ social homes. This has criticised by Croydon Housing Cabinet member Alison Butler.
For analysis of Cameron’s announcement see http://www.independent.co.uk/news/uk/politics/david-cameron-s-new-housing-policy-helps-the-rich-at-the-expense-of-the-poor-a6684146.html
Council’s College Green Area Plans
Caught unawares by the announcement the Council is boasting about the fact that its new plans for Croydon College and Fairfield Halls on College Green to create what it claims to be one of London’s leading cultural and educational destinations., will be alongside ‘the construction of hundreds of new homes of a mix of tenures.’ http://news.croydon.gov.uk/council-announces-plans-for-a-new-college-and-transformed-fairfield-halls-turning-the-town-into-a-world-class-cultural-and-educational-destination
Town Centre Building Chaos From 2016
But before the Town Centre becomes effectively a fortress ghetto for the better off with heavy ‘policing’ by Town Centre wardens it will go through at least 4 years of major building works chaos with the demolition of the Whitgift Centre and the building of Westfield South shopping Centre, the College Green Area, and other developments. It will include the closure of Fairfield Halls. Inside Croydon has raised concerns about the chaos.
Hammerson Seeks Prestigious Retailers
Meanwhile potential investors have been shown how Croydon will be transformed by 2020 as Hammerson and Westfield seek to attract prestigious retailers to the town.
Shopping Centres Need Well Paid Customers
Paul Dennis argues the case for well-paid workers workers: