Barking and Dagenham named capital’s baby boom sweet spot
PUBLISHED: 18:30 24 January 2017
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Housing costs and birth rates make this borough the capital’s “baby boom sweet spot”.
Which? magazine analysed data across the UK to reveal the areas with the cheapest property and highest birth rates.
Barking and Dagenham topped London, with the highest birth rate in the country, averaging more than 19 per cent per every 1,000 residents. Analysis reveals the borough has the lowest property prices in London. With an average house costing £287,978, the borough is the only place left in London that is below the £300,000 mark.
Council leader Darren Rodwell said: “With tens of thousands of jobs and more affordable homes in the pipeline, fantastic schools, a burgeoning arts and creative community, great open spaces, it’s no wonder we are the borough for young, aspirational families.”
The council is currently trying to change its image with new plans of transforming its Barking Riverside development to a “Barcelona” type waterfront attraction and its burgeoning arts scene to Berlin.
Plans have recently been approved for the multi-million pound overhaul of Vicarage Field shopping centre, turning it into a top-end mall that could rival Westfield Stratford City.
David Blake, principal mortgage adviser, Which? Mortgage Advisers said: “Starting a family is often a time when people consider moving house.
“Our research gives an indication of some of the most affordable places to buy a property.
“Buying a house or flat is a significant financial commitment that will usually involve applying for a mortgage.
“Seeking independent mortgage advice early on is vital in order to know what options are open to you.”
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