
The craze was started by the girls in Sex and the City, but their Magnolia bakery in New York’s West Village wasn’t the first. Sugary cake shops are the post-credit crunch version of the posh deli or gastropub; they bring a feel-good factor to an area, making the surrounding streets more desirable.
“These niche boutique shops add prestige to an area, lending a sense of affluence,” says Muir Morton, of Chesterton Humberts in Kensington.Of course, it could be that it’s the reverse – cupcake shops target affluent or up-and-coming areas that already have a relatively high footfall.“It’s a win-win situation. The shops are well positioned for business, and local residents get the pleasure of a quality confectioner in the area,” says James Geddes, of buying agency Property Vision.But there’s an element of the ridiculous about the cupcake trend; grown men and women lining up to buy boxes of colourful cakes? People buying a house simply because it is near a cake shop? It doesn’t seem cool – or right. A cupcake is not something you need; it is a relatively cheap luxury in a world where luxury has been put into question. Could it be that cupcakes are a hangover from the greedy days of 2007?Cupcakes - ridiculous?? Hush! I agree that cupcake shops tend to be in more affluent areas - a map of London cupcakeries for example would show you that they aren't many cupcake cafes in areas that aren't full of "yummy mummys" - I can only wish they'd open one near my house, but alas that's highly unlikely. You can read the whole article here.
