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The Property Industry in a Nutshell - February 2016

The Property Industry in a Nutshell - February 2016

Best Commuter Towns Calculated

High Wycombe has been voted the best commuter town to relocate to for renters looking to move out of London. Totally Money calculated the cost of travel and house prices to calculate where commuters could move should they be priced out of an increasingly turbulent London property market. High Wycombe ranked number one courtesy of an average house price of £346,197 and a commute time of just 30 minutes. Woking and Staines completed the top three commuter towns, with Amersham and Gerrards Cross in fourth and fifth place respectively. Bishops Stortford, Royston and Milton Keynes were calculated as being the worst commuter towns, mainly due to commuter times. Source: City AM

London’s Hotspots mappedLondon_underground_tube_free

London’s suburbs are also being compared to one another as London’s occupants look elsewhere. The highest demand areas for property in London now lie in the suburbs. Zones 5 and 6 have all the top-ten performing property hotspots in London (five each). Ruislip lies North West of central London, and is experiencing a surge of demand (70pc) and a flurry of housebuilder activity. Zone 3 dominates demand increase year-on-year. Park Royal tops the list with 113pc increase, Golders Green has 86pc growth, Hanger Lane, 73pc and Colliers Wood at 57pc demand increase. Cannon Street (Zone 1) has the highest demand outside of Zone 3, with 54pc increase. Source: The Telegraph