The Forum > General Discussion > What does the future hold for Camden
What does the future hold for Camden
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Now developers have expressed interest in establishing a large school there for Muslim students. Council has rejected the proposal, on the site, citing planning reasons. Whether this will be upheld by the courts or if another site is chosen or the proposal is abandoned has yet to be determined.
Should these developers continue to focus on the Camden area, the impact on the town may be very significant. Firstly the school would require a large staff and they, together with many parents, would look to relocate to Camden, to be near the school. As in other areas this may well result in lowering the real estate values and later adversely effect the social amenity of the area.
My property market contacts already inform me that there has been a significant lowering of purchasser interest at this stage. I have a few investment properties and I would not consider buying property in the Camden area now for the same reasons I would not buy in any area where a proposed development could adversely effect property values.
I feel sorry for the people of Camden as they have worked to have a nice town and now their work and investments are under threat. They have been labled as racist and bigots, and there may be a few, but the vast majority are simply concerned about the future of their town.
The only way they could not lose further is if the developers publicly state they are no longer interested in the area.