In a piece of research that will surprise absolutely no one living in London, property website Zoopla has found that the arrival of young, creative professionals has caused a surge in house prices in the capital’s coolest neighbourhoods.
The UK-wide study found that six of the top ten so-called ‘hipster hotspots’ are in London, including well-known trendy neighbourhoods Shoreditch and Stoke Newington.
In south London, once-dodgy Stockwell has become a haven for young professionals fleeing higher rents elsewhere in the capital, and property prices have increased by more than 50 percent in just five years.
But Hackney’s Dalston topped the table, with house prices skyrocketing by almost 60 percent in the same period, with the average property now costing an yelp-inducing £633,593.
Lawrence Hall, spokesperson for Zoopla, said: ‘Given London's population and size, and the city's ongoing gentrification process, it's not surprising to see the capital's edgy enclaves dominating the hipster hotspot rankings’.
With even less hope of owning a house in a cool part of London than ever, we’ll settle for drowning our sorrows at a craft beer pub instead.
Check out the full top ten list:
1. Dalston, London, 59.89 percent, £633,593
2. Shoreditch, London, 58.06 percent, £526,244
3. Stratford, London, 57.15 percent, £491,222
4. Stockwell, London, 52.17 percent, £598,615
5. Stoke Newington, London, 51.62 percent, £671,943
6. Tooting, London, 51.61 percent, £670,895
7. Montpelier, Bristol, 39.93 percent, £494,158
8. St Pauls, Bristol, 38.55 percent, £261,300
9. Stokes Croft, Bristol, 37.12 percent, £317,800
10. Jewellery Quarter, Birmingham, 31.34 percent, £151,689
In other news, guess which two London boroughs are suddenly loaded?