Hipsters set new trend in British housing market

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Hipsters set new trend in British housing market
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Housing in such places as Bristol, Manchester, Edinburgh and London has become more expensive due to their popularity among hipsters, Mirror reports on Monday citing a research conducted by property website Zoopla.

Zoopla explored house prices in areas attracted by “new generations of creative, upwardly-mobile people”.

With rising property prices, hipsters chose run-down areas, what resulted in their revival, representing “new trendy hotspots”. The top one is Dalston in East London, with an avarage property prices there amounting to £633,593, showing an increase of about 60% over the past five years.

Housing prices also increased in London's Shoreditch, Stratford, Tooting and Stoke Newington, as property values in other cities' suburbs.

A 40% surge was observed in Montpelier in Bristol, while housing prices in Chorlton in Manchester increased just by 28% over the past five years.