Recently The Times revealed its property hotspots for 2016 including its top area which includes properties in the home counties and county towns. Bishop’s Stortford was cited as being number 1 spot to consider, stating that the town has plenty to offer: “with desirable villages and a huge number of golf courses near by. The commute into London is 45 minutes by train to Liverpool Street. The independent school, Bishop’s Stortford College, is a draw for many, as is the picturesque countryside. Average detached house price: £627,137’
Last year The Times predicted that property investing in the capital could see a significant decrease, as stamp duty increases on properties between the £1m- £2 million started to slow down sales. The shift to buying properties in the home counties not only stems from stamp duty changes, but also because buyers are realising that they can get so much more for their money if they buy slightly outside of the capital, as well as attaining property which is surrounded by greenery, good transport links, excellent schools and amenities at much more attractive price.
Second on their top spot list was Guildford in Surrey, as it offers a 40 minutes commute by train into London. They say that the town has a great town centre, with shops, bars and restaurants. An average detached property is £921,507. Third in line is Henley-on-Thames because it offers lovely countryside, the river, fine-dining restaurants and pubs, with excellent transport links into the capital and a great selection of schools, the average price of a detached property stands at £1.19 million. Number four was Tunbridge wells, with an average property price of £ 805,798, followed by Exeter in Devon, with an average property price of £427,270. If you would like to look at the complete list please visit this link: http://www.thetimes.co.uk/tto/life/property/prices-investment/article4658963.ece?shareToken=1cfa6eddb2b1762781e5ae331e16b804
Source: The Times - Set for growth — this year’s hotspots