Property News · May 31, 2017

The new hipsters? London's exclusive 'downsizer' homes for the over-55s


Why are flats in London’s hippest neighbourhoods being sold exclusively to over-55s, even as the young people who hang out there struggle to afford housing?As the weekends warm up, east Londoners are descending in their masses on London Fields, a park that has earned a reputation as the epicentre of gentrification in the borough of Hackney. The barbecues, daytime drinking and marijuana haze are as predictable as the media sniffing over the “drunken hipsters and thoughtless brats” who take over the park in droves.But if that’s all standard operating procedure for the beginning of summer in the city’s hippest neighbourhood, something altogether newer has arrived on the park’s western edge. It’s called Quadra, and it’s a housing development available exclusively to residents aged 55 and over. Continue reading…

Source : theguardian.com
Read more…The new hipsters? London’s exclusive ‘downsizer’ homes for the over-55s

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