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  • Property Prices

    Home Counties enjoy "hotspot" status



    The Home Counties are leading the way when it comes to property hotspots.

    Brentwood in Essex topped the list according to recent analysis of Land Registry data.

    House prices in the town, which is also the UK headquarters of Ford Motor Company, have soared 16pc in the 12 months to September, the highest increase in the country.


    The second highest price rise in the last year was in Canterbury, in Kent, where the average house gained £35,899 in value, also rising 16pc.

    Both places are gaining popularity because of their short commutes into London and lower property prices, as housing affordability in the capital is crunched.

    House prices in Hertford, Fleet and Maidenhead all rose between 14-15pc. The average home in High Wycombe increased in value by £26,971, equivalent to one year’s fees at the nearby private school Wycombe Abbey.

    Full/source article  

    With more and more people and families leaving the capital in search of better value for money property, good schools, and a better access to the countryside, the Home Counties will continue to enjoy robust house price growth imho.

    SEE ALSO  -        Cheapest property prices within the M25

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    RESOURCE -       BTL hotspots - where to buy in 2017?

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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **5 reasons to get your FREE portfolio review NOW**

    With significantly more properties to choose from, tenants are firmly in control when it comes to the private rented market in the Home Counties, as reflected by a drop in rental prices so far this year.

    Despite a 23% year-on-year rise in the volume of new tenancies agreed in the first three months of the year, prime rental values dropped by 2.3% across the Home Counties, following a 1.8% decline in the previous quarter, according to Knight Frank.

    Full/source story

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    Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **5 reasons to get your FREE portfolio review NOW**