Surge in demand for homes in Outer London
- 22nd January 2015
- Selling Property News
High house prices in Central London encouraging young professionals and families to buy homes in surrounding areas
Demand for property in London’s outer boroughs is expanding rapidly as rising house prices in premium locations in Central London encourage many prospective homeowners to turn their attention to surrounding areas.
Young professionals and families who have been priced out of buying in Central London are particularly keen on buying in areas where there is good transport infrastructure, with areas in Zones 2-3 rapidly gaining in popularity.
The planned extension of the Bakerloo line and the Overground are set to make some areas in Zones 2-3 even more popular.
Stephen Ludlow, Chairman of ludlowthompson, explains: “Rising house prices in Central London has meant that many young professionals and families are looking to buy in London’s outer boroughs, leading to a surge in demand for properties in these areas.
“Areas that have good transport links are particularly sought after, especially by commuters working in the City or West End. Properties that are well-served by good transport links are likely to remain highly desirable.
“Homeowners hoping to upgrade can benefit from a quick transaction at a very attractive price by marketing their property now.”
Rising house prices in Central London has meant that many young professionals and families are looking to buy in London’s outer boroughs, leading to a surge in demand for properties in these areas.
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