Posts with tag: property hotspots

Five emerging residential hotspots to watch in 2020

Published On: November 27, 2019 at 9:50 am


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Andy Foote, director at SevenCapital, has highlighted five emerging residential hotspots in London to watch in 2020.

He highlights that significant regeneration programmes underway or in the pipeline, good travel connections to key towns and good property price growth have led to the following areas transforming into thriving residential areas:


  • Bracknell offers a thriving business community (home to the likes of HP, Dell and Hitachi)
  • Direct connection to London and other key destinations
  • A lower price tag than other areas, with an average property price of £370,000
  • Recently named in The Times as one of Britain’s most thriving communities
  • Property price growth since 2014 is 20.77%


  • Average house prices currently around £345,000 (£200,000 less than neighbouring Windsor and circa half the price of London)
  • Home to the largest concentration of global headquarters outside of London, including O2 and Mars
  • Around 46% of homes rented in Slough are to London leavers
  • An eagerly awaited Crossrail station will be built, connecting Slough to the Elizabeth line
  • Property price growth since 2014 is 18.14%


  • Average sold prices at around £293,000
  • A 25 minute train commute to London’s Kings Cross Station (where Google is set to move into its new £1 billion headquarters in coming years)
  • Undergoing a £1 billion regeneration project, including a £350 million town centre regeneration project, set to begin in 2020
  • Property price growth since 2014 is 20.77%


  • Sat almost equidistant between Birmingham and London
  • Fast house price growth, with prices increasing by 5.3% over the past 12 months
  • If its designs on receiving the ‘Future High Streets’ fund and Towns Fund go as planned, it could be in for a £50 million regeneration boost from the government, which is certain to attract more businesses, visitors and residents alike
  • Property price growth since 2014 is 23.8%

Milton Keynes

  • Only 33 minutes by train from London
  • Hometrack lists it as one of the top ten locations for house price growth
  • A key member of the Fast Growth Cities group that has resulted in nearly 20% of its workforce joining the knowledge sector
  • Expected to double its population by 2050
  • Property price growth since 2014 is 21.12%

Andy Foote concludes: “Whilst these areas may not have been traditionally thought of as premium property investment locations, they are fast becoming recognised as up-and-coming hotspots with strong growth potential, which, in an increasingly diverse property market, could hold the key to future success.”

Top 20 Homes Hotspots for Young Buyers Revealed

Published On: April 20, 2017 at 10:01 am


Categories: Property News

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The popular seaside town of Hove has been named the top area in the UK for young buyers to purchase a home, according to a ranking of the top 20 homes hotspots for young professionals.

Landlords can use the list to choose their next property investment location, based on the fact that many buyers will choose to rent a home in their ideal hotspots before purchasing.

The East Sussex town on the south coast of England has an idyllic seaside location, good-sized homes and a family-friendly vibe.

While the average house price in the BN3 postcode is £380,000, three-bedroom houses priced between £700,000-£1m are the most sought-after, according to the Associate Director of Hamptons International’s Brighton and Hove branch, Paul Taggart.

Top 20 Homes Hotspots for Young Buyers Revealed

Top 20 Homes Hotspots for Young Buyers Revealed

He says: “Generally speaking, these requests are coming from Londoners looking for a lifestyle change. People are looking for a less populated area than Brighton, with a more laidback vibe. Properties in Hove have a slower turnover because people put down roots.”

Hove also benefits from fewer tourists than neighbouring Brighton, plus there’s a good gastro-pub scene, and great state and private schools. Hove also offers direct train links to Victoria in just over an hour.

Nevertheless, Brighton’s BN1 postcode district, which stretches from the sea into the South Downs national park, is the seventh most popular area with young professionals aged 25-44, thanks to its buzzing nightlife, forward-thinking cultural scene and direct train links to London in under an hour.

Homes in Brighton are just £4,000 more expensive than in Hove, reveals the report from Lloyds Bank, which based its figures on Land Registry transaction data for the 12 months to February this year.

How does London compare?

Southwest London is particularly popular with young professionals, with nine areas in this part of the capital making the top 20 homes hotspots.

With average house prices of £763,000, Wandsworth’s SW18 is the most popular postcode area within Greater London, and the second most popular in England and Wales.

SW16 in fast-rising Streatham is the cheapest of the SW postcodes on the list, with average values of £468,000. Meanwhile, SW6 in Fulham is the most expensive, with prices just topping £1m.

Hampstead’s NW3 postcode is the most expensive district in the capital to make the list.

Kilburn, Paddington, Hammersmith & Fulham, and Chiswick, all in west London, also appear in the top 20.

Tower Hamlets is the sole representative of east London, with the E14 postcode ranking as the sixth most popular area in the country, in part due to its £526,000 average house price, which is significantly cheaper than the majority of the capital’s most popular postcodes.

The rest of the country

Reading in Berkshire and Didsbury in Manchester are the only two other locations outside of London to make the top 20.

In 18th place, Reading offers 30-minute direct trains into the capital and an average house price of £265,000. With Crossrail due to connect the city to central and east London from next year, it’s also increasingly popular with Londoners looking for more space and better value for money.

Didsbury just makes it onto the list, in 20th place. Averaging £260,000, homes in the area are the cheapest on the list, with young professionals drawn to its independent shops, and trendy bars and restaurants.

Landlords, do any of these homes hotspots appeal to you? Investing in these areas may open you up to a wide range of potential tenants looking for idyllic places to put down roots.

What Will 2017 Hold for London’s Property Market?

Published On: January 12, 2017 at 10:42 am


Categories: Property News

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It’s a question that will be on every property owner’s, investor’s and buyer’s lips – what will 2017 hold for London’s property market?

Mark Lawrinson, of London estate agent Portico, answers some key questions and reveals his top predictions and potential hotspots in London’s property market for the following 12 months…

2016 recap 

We all know that 2016 proved an extremely eventful year. House prices in the capital ballooned to unbelievable levels, the additional 3% Stamp Duty rate for additional homes was introduced, and the Bank of England cut interest rates to just 0.25%, making mortgages the most affordable they’ve been for a long time.

London’s new Mayor, Sadiq Khan, opened the Night Tube on several lines and set out plans for more “genuinely affordable” London homes. But despite his efforts, affordable housing is still a huge problem and concern for the majority of Londoners – and the issue is exacerbated by the fact that property sales volumes in the capital are now at historic lows.

The year culminated with Philip Hammond’s first Autumn Statement, in which he pledged to ban letting agent fees charged to tenants, in an attempt to help generation rent.

Through all of these changes in the property market, the country experienced a number of political shocks. EU referendum worries dominated the summer months, before the shock of the Brexit vote left the UK – and its property market – in a period of uncertainty. The USA’s election of Donald Trump as its president also caused a shockwave this side of the pond.

This year, we will find out how profound the effects of these events on London’s property market will be. Lawrinson shares his forecast:

  1. Prices will soften or continue to rise slowly

Buyer affordability was stretched to the limits last year. With the current average house price in London at the highest it has ever been – £580,600 – property value growth simply cannot continue at this rate. Sales transactions in the capital have also dropped significantly since the Stamp Duty surcharge came into effect last year – now down by 60% in prime central London.

The combination of Brexit, over-inflated prices and falling sales volumes mean that price growth is expected to slow this year, with values in prime central locations most likely to soften.

And although Brexit will by no means solve generation rent, slower price growth and super low mortgage rates will come as welcome news to those hoping to get onto the property ladder.

  1. Greatest price growth will be in Zone 3 outwards

What Will 2017 Hold for London's Property Market?

What Will 2017 Hold for London’s Property Market?

Though Lawrinson expects prices to soften in prime central London, he still expects certain hotspots to experience growth – though perhaps not at the level seen in recent years.

If you’re seeking an investment in London’s property market, it’s vital that you buy in areas that are undergoing gentrification or infrastructure investment, Lawrinson insists, as these locations will offer healthy yields, making mortgage repayments less of a worry.

Areas in the outer zones are likely to experience the highest price growth of the year. Zone 5’s East Croydon is becoming the capital’s next big property hotspot, he believes, as it’s currently undergoing huge development, offers key train links and the Gatwick Express, and Westfield shopping centre will soon be arriving. Its mix of luxury and affordable living also makes the area great for young professionals.

Crossrail beneficiary Forest Gate is also likely to experience further gentrification when the high-speed rail link arrives this year, which will keep house prices on their upward climb. Leyton is another east London hotspot tipped for price growth – in fact, east London as a whole will be one of the best investment locations generally this year, due to improving transport links and affordable property values (when compared to the rest of the capital).

If you want to invest more centrally, Farringdon is a safe bet, again thanks to key infrastructure changes, such as Crossrail, and the fact that the nearby Silicon Roundabout is becoming a great area to live, work and play.

  1. Rush in valuations

Back in 2015, then chancellor George Osborne revealed a shock tax change – the tax relief that landlords currently receive on finance costs will be restricted to the basic rate of Income Tax. Basically, the current rules that give most landlords a 40% discount on their finance costs will be cut to 20%. This tax change will be phased in gradually from 6th April this year and will be fully implemented by 2020.

There’s no doubt that this reduction will make things more difficult for landlords. However, all investors must be aware that those who are basic rate taxpayers or those without a mortgage won’t be affected at all. Nevertheless, the change may also push around 22% of landlords into the higher tax bracket.

Secondly, there are steps that landlords can take to try and cut their interest costs – the first being remortgaging. Buy-to-let mortgage interest rates have dropped massively in recent years, so deals currently on the market will likely be substantially better than those arranged a few years ago.

With large house price increases in London, another tip is to get your investment property re-valued. This will make your lender recalculate your loan-to-value ratio (LTV), and a lower LTV means a better interest rate and a larger choice of lenders.

  1. Will 2017 be a good year to buy?

For many Londoners, owning a home, a larger home or moving into a new area will likely be a key New Year’s resolution.

With sales volumes typically a leading indicator of price growth, there is a chance that values may soften, making 2017 a great year to buy. Having already witnessed an annual drop in house prices in Westminster, Lawrinson believes that bagging a bargain in London’s central market may be possible. However, he does warn that there is no way to be sure that this price correction will ripple out to Greater London.

Most importantly, he warns, it’s crucial that you buy when you’re ready. As nobody can accurately predict the market, it’s extremely difficult to try and time things to a drop in prices. If you’re buying a home, then holding off could be equally as detrimental as it could be positive.

Nonetheless, with money currently as cheap as it can be to borrow, getting on the property ladder or moving up it should be that bit easier.

As London’s property market has proven in the past, it is an extremely resilient region, making property investments as a business or home incredibly safe.

If you’re purchasing a property to invest or buy-to-let, then – so long as you use the advice available to you – you can protect your assets and minimise any risk. Buy in an up-and-coming area experiencing gentrification or infrastructure investment, advises Lawrinson, and you are likely to benefit from a boost in both rental yield and capital growth, even in a weak market.

  1. When is the right time to sell? 

Again, there is no right or wrong answer to this question, explains Lawrinson. If you need to sell to release money or trade up, there are buyers ready and waiting to take advantage of competitive rates and enter the market when the right property comes along. The firm is already starting to see overseas buyers return to London’s property market, keen to benefit from the weaker pound and softening prices in the prime sector.

Selling this year also gives you the advantage of limited competition in a limited marketplace, which could translate into a quick sale at a good price.

The Top 10 Hotspots for Property Demand Revealed

Published On: December 7, 2016 at 10:20 am


Categories: Property News

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The fourth and final Property Demand Hotspots Index of the year has been released by online estate agent, detailing which parts of the country have experienced the largest increases and decreases over the past quarter.

The index grants a percentage score for each area based on the level of housing stock available on the major property portals against that which has already sold, before calculating the total change.

The data shows that, nationally, property demand has dropped by 7% over the last quarter, now standing at 38%.

The Top 10 Hotspots for Property Demand Revealed

The Top 10 Hotspots for Property Demand Revealed

Bexley, at 65%, has dropped to third place from its usual top spot, toppled by Solihull (77%) and Portsmouth (67%). Demand is at 65% in Bristol, while Northampton (60%), Medway (59%), Gloucester (58%), Ipswich (58%), Bedford (57%) and Edinburgh (57%) complete the top ten.

However, it is the locations where property demand has increased the most over 2016 that provides a peculiar coincidence; nine of the top ten begin with an S.

With the London market slowing due to a combination of higher Stamp Duty rates for second homes and a lack of foreign interest post-Brexit, it’s the Midlands and northern regions that have shown strength. With six out of the top ten areas with the highest growth located here, it seems UK buyers are stoking the engines of the Northern Powerhouse.

Landlords looking for new investments in 2017 should look to the northern regions of the country for affordable house prices and high tenant demand.

Stockport, in the North West, has experienced the greatest increase in demand over the year, up by a huge 126%, with Stoke-on-Trent (112%) in the West Midlands and London’s only entry, Sutton (110%), also enjoying triple-digit growth.

Demand in Sheffield has risen by 99% in 2016, with Sandwell (83%) and Solihull (79%) representing the West Midlands. Swindon (74%) and Somerset (65%) sandwich Bradford (67%) as the only areas from the South West, while Southampton (63%) is the only entry from the South East.

Outside of the top ten, Highland, Gateshead, Salford, Manchester and Hull all recorded increases in demand of more than 50% over the past year.

The largest decreases were seen in Sunderland (63%), Swansea (57%), Hounslow (51%), Lambeth (46%), Camden (45%), Southwark (43%), Shropshire (42%), South Lanarkshire (42%), Westminster (39%) and Aylesbury (39%).

The Founder and CEO of eMoov, Russell Quirk, comments: “A tough year for the UK market, but it has come through it relatively unscathed.

“Although changes to second home Stamp Duty thresholds and the leave vote may have tainted demand slightly due to an air of uncertainty, there seem to be a number of areas that have benefitted, with the market almost turned on its head in terms of desirability to buyers.”

He continues: “2016 seems to have been a bit of a leveller where the property market is concerned, with many of the so-called weaker markets really seeing a spike in buyer demand, which will, in turn, result in a healthy increase in prices going into the New Year.

“Worrying for homeowners in the likes of Aylesbury, Hounslow and Camden though. These areas were ranking consistently quite highly where demand is concerned, but this seems to have dropped off considerably during Q4 and homeowners and sellers in particular could receive a lump of coal this Christmas when it comes to the price of their property.”

London’s Night Tube Property Hotspots

Published On: August 30, 2016 at 2:15 pm


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London is officially now a city that never sleeps, thanks to the arrival of the Night Tube. In the capital, transport links play a vital role in boosting house prices – so where are London’s new property hotspots?

In the capital, homebuyers and investors will pay a premium for their properties to be close to transport links. And as Crossrail and Crossrail 2 have proved, great infrastructure means great things for capital growth.

So how will the new Night Tube affect London’s property market? The Regional Director of estate agent Portico, Mark Lawrinson, answers some important questions…

Will the Night Tube drive up house prices on the participating lines? 

“Yes it will, but mainly in areas further out from central London, so Zone 3, 4 and 5 outwards,” says Lawrinson. “At the moment, it’s too early to predict an overall price increase.”

He continues: “The Night Tube will appeal to young professionals who work and party in central London, but can’t afford to buy in Zone 1 or 2. The new 24-hour service will mean they can push further out to more affordable areas, while still maintaining the lifestyle they want and without spending a fortune on taxis!”

Which stations are the ones to watch?

Lawrinson explains: “When Crossrail plans were announced, there was a huge spike in demand from both tenants and homebuyers wanting to move into the chosen areas while prices were still affordable, and we expect a similar rate of demand for areas on the Night Tube when the service is fully rolled out.

“Dataloft and SellMyHome have recently forecasted that property prices within half a mile of Night Tube stations will increase by 5-10% above the general rate of growth in the nearby area. This is in line with the rate of growth we have seen in areas affected by Crossrail.

“Most Londoners will have considered Zones 4 onwards out of reach, but the Night Tube has opened up new possibilities. We expect areas at the end of the lines to see the biggest property price rises, such as Cockfosters, High Barnet and Walthamstow.”

London's Night Tube Property Hotspots

London’s Night Tube Property Hotspots


The Central Line is one of the fastest lines on the Underground, connecting the east to central London in a flash. It is this fantastic transport link, along with new infrastructure investment and regeneration, that has pushed house prices up in east London at a quicker rate than anywhere else in the capital. Now that the Night Tube has arrived, Portico expects demand for property hotspots such as Leyton to be even stronger than it currently is.

A typical one-bedroom flat in Leyton (Zone 3) is around £290,000, and now that the Central Line is operating 24-hours-a-day on weekends, easterly residents will have even more of an incentive to buy in the area.

High Barnet

Traditionally, High Barnet has been seen as a residential, family area, but regeneration and new contemporary homes have attracted a rush of young professional tenants and homebuyers to this part of north London. Portico believes that the Night Tube will further increase the area’s popularity with a younger demographic.


Thanks to redevelopment of the town centre, a wave of new shops, bars and restaurants, and a handy location on the edge of the Victoria Line, Walthamstow has been transformed from an undesirable and run-down area into a property hotspot for late 20-somethings.

It has seen huge capital growth over the last few years and is already a hotspot for first time buyers and landlords. Sean Hewitt, the Manager of Portico’s Walthamstow branch, expects the Night Tube to only enhance the area’s desirability. He believes that “smaller one or two-bedroom properties will see the biggest increases, as these are the properties likely to be in demand by the demographic using the Night Tube”.


Over the past year, Cockfosters has experienced strong capital growth, due to its affordability, green spaces, instant access to the M25 and the Piccadilly Line into London, which connects to further great transport hubs. But it’s the Night Tube that will really put Cockfosters on the map, says Portico.

Currently, the area offers more houses than flats, and the greater proportion of new builds in Cockfosters are houses, to accommodate this demand. The area attracts young professionals and families who want affordable homes and good schools, but also want to get to central London at the weekends – which is why the Night Tube will only increase demand in Cockfosters.

Tottenham Hale 

At present, Tottenham hale is one of the cheapest areas to buy a property along the Night Tube route, with an average one-bedroom home standing at £300,000. It is already a first time buyer haven, but Portico expects demand to strengthen now that the area has access to a 24-hour Tube service.

What’s more, Crossrail is due to launch in Tottenham Hale in 2017, and it’s a proposed Crossrail 2 location too. With infrastructure improvements comes regeneration, and with regeneration comes house price growth.

Investing along the route

If you’re looking to purchase a buy-to-let property along the Night Tube route, Lawrinson advises: “Look at the demographics of an area and choose a location which is popular with young professionals or young families looking for larger properties within their budget, who also want the option of a central London evening lifestyle. Typically, it’s young professionals and families who want the best of both (i.e. affordable housing or rental prices and a central London lifestyle), so make sure you buy to let in an area that appeals to these demographics.

“The migration of young professionals to outer zones will continue as the areas become more accessible, which will in turn spur regeneration and push up rental and property prices. In other words, investing in the right area could produce excellent rental yields and capital growth.”

Which areas offer the highest rental yields?

Hounslow West: Piccadilly Line, Zone 4 – 5.3%

Hainault: Central Line, Zone 4 – 5.2%

Stratford: Jubilee Line, Zone 2/3 – 5%

Tottenham Hale: Victoria Line, Zone 3 – 4.8%

Stanmore: Jubilee Line, Zone 3 – 4.8%

Walthamstow: Central and Victoria Lines, Zone 3 – 4.7%

Cockfosters: Piccadilly Line, Zone 5 – 4.4%

Brixton: Victoria Line, Zone 2 – 4%

Morden: Northern Line, Zone 4 – 4.4%

Edgware: Northern Line, Zone 5 – 4.1%

High Barnet: Northern Line, Zone 5 – 3.8%

Ealing Broadway: Central Line, Zone 3 – 3.7%

Property Demand Up by 3% in Q2

Published On: July 19, 2016 at 8:49 am


Categories: Property News

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Property demand across the UK rose by 3% over the second quarter (Q2) of the year, according to the latest National Hotspots Index from hybrid estate agent

The property hotspots study records the change in supply and demand for the most populated locations across the UK, by monitoring the total number of properties sold in comparison to those for sale.

The national average

Over the UK as a whole, property demand rose by an average of 3% between Q1 and Q2 this year, now standing at 40%.

However, it’s not good news for homeowners in the capital, with demand in London down by 2% to 39%.

Despite an artificial surge in demand ahead of April’s Stamp Duty deadline for second homeowners and buy-to-let landlords, the tax change seems to have had a detrimental affect on property demand in London.

Excluding the decrease in demand in the capital, the rest of the UK has experienced a significant 8% rise in property demand since Q1.

Property Demand Up by 3% in Q2

Property Demand Up by 3% in Q2

Property hotspots

Despite a slowdown in demand in the capital, the London Borough of Bexley remains the top hotspot for property demand in the UK. At 71%, demand for homes in Bexley is the highest across the nation, although it has dropped by 7% since the start of the year, in line with the decline seen across the capital as a whole.

Bristol remains the hottest spot outside of London, with property demand increasing to 69% between Q1 and Q2. Bedford, at 67%, also retains its place as the third property hotspot of the UK, as commuter zones around the capital continue to grow in popularity, due to sky-high housing costs in London.

Aylesbury has climbed two places to take fourth place, with demand now at 64%. Medway (64%), Ipswich (61%), the London Borough of Sutton (61%), and Watford (61%) have also retained their top ten spots.

Both Cambridge and Milton Keynes have dropped out of the top ten, and have been replaced by Northampton and Coventry, where property demand now stands at 64% and 58% respectively.

Edinburgh continues to lead the way north of the border, with the Scottish capital sitting in 18th place, at 54%, ahead of Glasgow (48%) at 34th. This is also the case in Wales, where property demand in Cardiff stands at 44%, putting it at 44th on the list, while Swansea sits in 90th place, at 27%.

Greatest growth in property demand

It’s not all bad news for the capital, as Kingston upon Thames, at 59%, and Southwark, at 47%, are two of five boroughs to have recorded an increase in property demand since Q1.

There has also been a resurgence for property demand across the North East, after a difficult year for homeowners in the region.

Cold spots

At just 12%, the City of Westminster continues to be the coldest spot in the UK for property demand, joined by its prime central London neighbours, Kensington and Chelsea (12%) and Hammersmith & Fulham (17%).

Despite a slight revival in Q1, demand for property in Aberdeen is also incredibly low as of Q2, at just 13%.

The founder and CEO of eMoov, Russell Quirk, comments: “The changes to Stamp Duty tax brackets for those looking to secure a second home or buy-to-let property seem to have hit the London market harder than the rest of the UK.

“Despite London tending to drive the UK market as a whole, it would seem, for once, it has taken a backseat whilst the rest of the UK has enjoyed upward growth on the first quarter of this year.”

He continues: “That said, national demand is still lower than the levels seen at the back end of last year, and the big decider on which way it goes now will be Britain’s choice to leave the EU.

“There has been a lot of talk about the consequence of this vote on the UK property market, with many forecasting a detrimental impact on house prices. We don’t believe this to be the case and I’m certain that come Q3, our index will show a further increase in property demand across the nation.”