In East London, plans are underway to convert an economically depressed area into a modernized urban area through selling shares of flats. Instead of buying the whole flat, as has been the custom, one company, Silver Owner is selling fractional ownership of the flats for a fraction of the price of the entire flat. This is expected to be appealing to first time buyers and others who could not otherwise afford the price of this neighborhood undergoing revitalization.
Key Takeaways:
- East London is home to the industrial Canning Town district with properties. Be adventurous and buy one of the storied properties in the area.
- Shared ownership homes are becoming very popular all across London. Join their ranks and find out what difference these properties can make.
- Buy when the housing prices have taken a decline on the market. That should make the purchase much more affordable for everyone.
“shared-ownership flats at Silver Quarter, going on sale with estate agents Site Sales”