About Brent and Its Housing Market
The Borough of Brent, commonly simply referred to as Brent is a borough in West London. It is famous for the Wembley Stadium and Wembley Arena but in the last year, it also became famous for its rapidly rising house prices. The trendiest Brent neighbourhoods even surpassed some of London’s most prestigious areas such as Westminster and Chelsea.
History of the Borough of Brent dates back to 1965 when it was created from the Municipal Borough of Willesden and Municipal Borough of Wembley. It was named after the River Brent running though the area. Even though it is today home to more than 300,000 people, it wasn’t always as densely populated or desirable place to live. On the contrary, what is today the Borough of Brent was called home only by some 2,000 people in the early 19th century.
Population grew very slowly until the arrival of the railway which had a similar effect than elsewhere in Greater London – increased rate of population growth and rapid economic development. Speaking about economic development, the latter reached its height in the 1960s when the Borough became an attractive destination for industry which in turn led to further population growth.
Brent is currently one of London’s top housing hotspot and the property prices are breaking all the records; in some neighbourhoods they went up for as much as 30%. An average property in Brent currently sells for £1 million.
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