The regeneration of London can sometimes be difficult to keep up with, with money pouring in from local councils and private developers capitalising on the city's robust and desirable property market. This means that every year there are different areas to talk about and reasons why they're having their time in the spotlight.
In 2018 it is White City, Lambeth and Tottenham that are the focus of largescale regeneration schemes that are set to put these areas firmly on the map for investors. While at one point London's property investors were focussed on central London neighbourhoods like South Kensington and Notting Hill, the search has grown wider to where yields are greater and future growth is more promising.
Today we talk you through some of London's biggest regeneration areas in 2018 and reveal why they should be the focus of your property search this year.
White City
Since the BBC vacated the Media Village in 2013, there's been a substantial amount of redevelopment work taking place to transform the area into a social, commercial and residential hub – complete with trendy office space, revamped television studios and a Soho House hotel.
Upon the completion of the £1.6 billion development of Westfield London in 2008, the area around this retail hub has been crying out for regeneration. Set to open in 2018, Wood Lane's railway arches are being converted into commercial spaces for independent restaurants, cafes and shops and there is further development towards White City Underground Station, which will include housing and parkland.
While White City is known for its local and well established estates, largescale investment Is transforming the area beyond recognition. The addition of John Lewis on the Westfield site and a further extension of the shopping complex prove there's continued effort to establish an alternate retail hub to that of central London, allowing the area to grow both residentially and economically.
Lambeth
There's been a lot of talk about the redevelopment of the old Battersea Power Station site over the past couple of years, but less so about the area to the east of Vauxhall along Albert Embankment.
Like many areas along the River Thames, there's huge amounts of construction work happening in Lambeth that is changing London's riverscape, injecting life into an area that has been overshadowed by the development around Vauxhall in recent years.
This regeneration of the conservation area along Albert Embankment is all part of the Vauxhall Nine Elms plan and includes a number of luxury developments, stimulating improvements to the wider neighbourhood by the local council.
From here, the new homes being built will have views of the Houses of Parliament and Westminster Bridge, so any investor can be sure that properties here will remain desirable for many years to come.
Tottenham
A number of development projects are already underway in Tottenham, which is benefiting from a much needed makeover that's set to complete in 2025.
Funding from Haringey Council to reinvigorate the local jobs market, improve public spaces and inject life back into existing housing estates means there's lots of interest from private developers, who are hoping to benefit from the area's new lease of life.
Improvements to stations and transport routes are also vital to the regeneration of Tottenham, as well as Tottenham Hotspur's hotly anticipated new stadium, which is to be completed for the start of the 2018/2019 season.
The new stadium will replace the old White Hart Lane site and is part of the Northumberland Development Project, incorporating nearly 600 new homes, a hotel, a supermarket and educational centres. Not only will the stadium bring more revenue from visitors to the local area – after nearly doubling the capacity of the old site – but there will be improved facilities for local residents.
