Monopoly at Christmas
December 22, 2011
Over the holidays I fully embrace board games. Monopoly may always end in tears (or just never end) but it is a Christmas tradition and that trumps all for one week of the year. Being big on tradition our Monopoly board is very much part of the old school series – no visa card reader for us thank you very much.
While I am hesitant to equate a family board game with the real life equivalent of property investment, what I do find interesting is how areas have changed in public opinion (and subsequently value) over time. When Monopoly was first released residents of Whitechapel would have dreamt of leaving the area (brown on a Monopoly board). Nowadays it is one of the most sought-after locations amongst young professionals who are desperate to live close to the centre of town with plenty of trendy bars on their doorstep.
While I ponder where I would choose to buy on the board, I will leave you with my colleagues’ choices. And it looks like Mayfair and Park Lane don’t have the hold over us that they once did…
Where: Pentonville Road
Why: Good value considering it is so close to the development work going in the Kings Cross area.
Where: Whitechapel Road
Why: Great location, near Spitalfields and Aldgate. Close to the City and Canary Wharf but with a community feel.
Where: Angel, Islington
Why: Proximity to redevelopment of Kings Cross area from an investment perspective and fantastic transport, social and entertainment facilities.
Where: Park Lane
Why: You cannot go wrong with this location, it will never lose value and will always be in demand.
Where: Vine Street
Why: Good investment opportunity in the city fringe. Lots of developments going up in this area.
Christo Du Plessis
Where: All 4 rail stations
Why: I think they would give the best return on investment!
Where would you choose to buy?