Hackney – New Build Investor Guide. Helping investors make informed decisions.

Information and timing are critical to generating wealth when it comes to investing in new build property. If you’re buying Hackney or any other part of the UK, most investors simply don’t have access to enough information to make an informed investment decision buying off plan. High quality information is reserved for big investors who get all the best deals.

We have put this series of posts together on London’s 32 boroughs to give you a picture of what is happening in the new build market and where the opportunities will be in 2023.

2023 The year of the investor

Many are pessimistic about the short-term prospects for the London property market. We think it provides one of the best buying opportunities for buy to let investors in several years.

Good property investors make investments in times of uncertainty, the key to making a good decision is having access to all the information.

Hackney – New housing analysis

Hackney has had an average 643 sales p.a. in the new build market, since 2009. Over the same period construction starts have been 659 p.a. During the same period the average annual construction volume has been a 1,748 p.a.

New planning applications have been on average 912 p.a. However, the number of new planning applications has declined significantly over the past 3 years.

Chart showing new build analysis for property in Hackney.

Hackney – Properties due to complete but unsold

At the end of Q3, 2022 there were 159 complete and unsold properties. There are a further 359 properties due to complete next year which are currently unsold.

There are currently 8 schemes which are currently under construction and due to complete in 2023. One of the schemes has been converted to affordable. Of the remaining 7, five are currently on the market and two are yet to launch.

Opportunities for investors in Hackney

Hackney represents a significant opportunity for investors. A significant amount of property is due to complete and is seems unlikely developers will not have to discount prices in order to avoid a significant amount of complete but unsold property.

Hackney is certainly a market to watch for investors.

[H2] Risks for investors in Hackney

There are certainly risks for investors looking to buy in Enfield, the major ones are likely to be the following:

  • Pricing – there is a significant opportunity for price declined in the new build market in Hackney in 2023. So, investors need to push hard for a deal, there is a real chance they will overpay.
  • Rents – there may well be pressure on rents as new supply comes online. There is a significant amount of new planning applications which have been made in the past 10 years.

Hackney is a market that investors should certainly watch over the coming year.

If you want to find out more about which developments are likely to come to market next year in Hackney email us at [email protected]. If you’re a property investor you may also be interested to read our detailed guide to the London Borough of Hackney which contains demographic, economic and sales data, designed to help you make informed investment decisions.

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