Croydon – An Unhappy Place
The results of a recent survey by Rightmove are a challenge to the Council’s Ambition programme, and to all those who believe that Croydon is a good place to live. It may be for them, but not for lots of other people.
It is one of the most miserable of the 32 London Boroughs at 27th, compared with its neighbours Bromley and Sutton at 3rd and 4th. It is also a Borough where people do not feel safe: it ranks 189th out of 206 in the whole of the UK. Its 164th for community spirit, 170th as a place which has a sense of belonging and 185th for whether people are friendly. It ranks as 155th for opportunities to develop skills, 160th for essential local services and 178th for nature and green spaces.
The rise in house prices by over 20% in the last year could contribute to making the Borough happier or even unhappier depending on who unhappy homeowners sell to. Will it be to new happy homeowners with enough money to enjoy life in London or outside Croydon? Or will the houses be bought up by buy to let landlords who will pack them with low paid and unhappy tenants?
Matthews Yard seeks Crowdfunding support – again
For Saif Bonar’s explanation see
To donate go to https://www.gofundme.com/MYmindthegap
Controversial Deliveroo launches restaurant service
Fairfield Halls car park closes
As part of the work on the two-year theatre refurbishment Fairfield Halls car park has been closed.
Taberner House Deal
‘Bridges Ventures is kicking off the investment programme for its new property fund with a deal to back Hub on the redevelopment of Croydon council’s former offices.’ Property Week 19 August.
Hammerson and Westfield News
Hammerson hopes to be listed on the Johannesburg Stock Exchange to access a wider pool of international capital on 1 September. (Market Watch 19 August). In seeking support from SA investors it has announced that it had a property return of 2.9% in the six months to June, but this is less than the 12.4% for the year to last December. (Investors Monthly). It has delayed the start of work on its Didcot scheme. (Oxford Guardian 25 August).
Due to the 11.4% fall of the pound sterling since the Brexit vote Westfield reduce its funds forecast. (News.com.au 24 August).