Rising House Prices in the South East
The latest from the Estates Gazette signals increasing prices and demand for housing in the South East, which is good news for the region. Unsurprisingly, the correlation between commute times to the City and prices continues, but as demand continues to grow there may be opportunities for areas that have a commute time of around 1 hour to grow.
Towns and cities that offer fast rail links into the capital yet relatively affordable homes are seeing some of the fastest growth in house prices, according to Hometrack analysis.
With the average price of a London home hovering around the £500,000 mark, looming interest rate rises and continuing mortgage regulation mean more house buyers are looking outside the capital for affordably priced homes.
As a result, forecasts from the big agents predict the South East and East of England were set to see the highest house price growth among the UK regions over the next five years.”
