Commuter towns boom as London market slows
29th March 2018
29th March 2018
We often talk about Beaconsfield and the surrounding areas having their own reactions which are contrary to the wider market. As the general property market across the country sees fluctuations and dips in house prices, our little area seems to be a little oasis of stability.
In fact, London is currently experiencing dropping values in more than half of its postcodes – the most widespread slump since the financial crisis in 2008. This kind of dip is not exclusively affecting the most expensive homes in London with a gradual impact on Greater London and some suburbs – making now a very good time for London homeowners to cash in and find more space in commuter towns.
At the moment this sluggishness in the market seems to be affecting London more than most – with other major UK cities such as Edinburgh, Manchester and Liverpool registering over 7% growth. This could mean that it is a temporary slump but it could also be the manifestation of Brexit uncertainty with fewer people investing in the Capital – we’ll have to wait and see.
While Hometrack is reporting this ‘slump’ affecting central London, we are seeing quite the opposite. As an estate agent in Beaconsfield we have found that our market is pretty stable and while activity does ebb and flow like any other area we find that generally our micro-market performs better than the national.
Commuter towns are becoming more and more appealing as busy city workers trade in their smaller, high value central London properties for larger family homes nestled in the greenbelt. With excellent connections by road and train and the airports easily accessible, Beaconsfield remains one of the most popular Old Market commuter towns west of the capital.
Our delightful market town has everything you might need on your doorstep – a plethora of independent and chain coffee shops, restaurants, bars and leisure facilities. It’s really no wonder it’s such a desirable place to live.
So if you are looking at buying, selling or renting a property in and around the area, make sure you contact your multi award winning estate agents in Beaconsfield and a member of our expert team will be happy to talk through your options. You can call the Lettings department on 01494 685518 or the Sales department on 01494 680018 or drop us an email. You can even follow us on Facebook, Twitter or our new Instagram account.
photo credit: andersphoto