London borough of Camden » City Info » Economy

The London borough of Camden is one of the boroughs in London that extends its boundaries from West End to Hampstead Heath. The density of population in the borough varies according to the area, with a more sparse population around the urban villages of Hampstead and Highgate and concentration in Regent's Park, Kings' Cross, St. Pancras, the commercial hub of Holborn and Euston.

The borough includes the British library and museum, extensive parts of London University and other medical and educational institutions, world-famous music venues, London Zoo, theatres. Camden contains 36 designated Conservation Areas and over 5,600 buildings.

The rich and the middle-class society live in diverse surroundings. While there are lands that have expensive properties built on them, consequently, there is a lack of suitable locations on which social housing at affordable rates could be constructed.

The Camden Council knows the importance of proper accommodation, considering that Camden is the third largest economy in London and seventh largest in the U.K.

Camden Town has been a residential area since the 1790s, but after improving rail transportation and the development of the Grand Union Canal, it turned into a bustling area. As per the research by a leading property advisor, the London Borough of Camden experienced a 13% hike in housing prices during 2017, the biggest increase of all 33 boroughs.

Camden has been famous for its markets since 1974. Camden Lock started in 1973, and now it is surrounded by five markets, namely Stables Market, Camden Lock Village, Buck Street Market, and an indoor market in the Electric Ballroom. These markets are very popular with tourists. Markets selling all types of goods, including books, antiques, fashion, lifestyle, and many more items, get crowded on weekends.

During the 20th century, businesses related to entertainment started moving their base in Camden. Many hotels were built abutting the canal. Many independent shops, stores, and restaurants helped generate revenue and rents.