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South East - Still A Property Hot Spot…

April 15th 2015
By: Melanie

According to new research the South East still remains the most popular area in the UK for property investors. The migration out of the city to commutable areas, such as Guildford and Reading, Saffron Walden, and Cambridge continues with some momentum, as high prices continue to force people out of the City, realising that they can afford much more for their investment.

Prices have risen in the North West and are flourishing under the demand, however it is a very different story for the North East, where house sellers are finding the market very slow. Nine Elms, in Wandsworth is the coldest spot in the UK according to eMoov’s findings.

Prices have also cooled by 21% in the commutable area of Oxford, since it was labeled the most unaffordable place to buy in the UK.

Russell Quirk, of eMoov, stated: 'As we predicted last summer, commuter towns around the capital seem to be in particularly strong form. I think it will be a long, long time before we see prices in central London become affordable enough to reverse this trend, if at all.

'Nine Elms is probably the shock pick of the bunch. It just goes to show, people are trying to anticipate what the market will do and get a jump on it, rather than pricing their property to reflect the market at the time'.

According to This is Money, the highest price increases are:

1. Sefton +80%
2. Huddersfield +56%
3. Trafford +24%
4. Bradford +23%
5. Stoke-on-Trent +21%
6. Cornwall +21%
7. Bolton +21%
8. Wakefield +20%
9. Fife +20%
10. Warrington +19%

If you are looking at investing in property in Essex or Herts why not pop into your local branch of Intercounty or call our team on 0844811090

Source: This is money