Property hotspots revealed by 'Yappy Index'
Friday, 8 June 2007 12:00 AM
The country's property hotspots have been revealed by a new index based on where young affluent professionals, or "Yappies", are currently living.
That is according to a new study commissioned by More Than, which looked at homes occupied by young professionals earning over £27,000 a year that owned goods such as plasma screen TVs, iPods, Sky Plus and who also went on city breaks and holidayed frequently.
Four of the top five UK property hotspots were in London, with Lancaster Gate (W2 4) topping the list, followed by Belsize (NW3 4) and Ealing Broadway (W5 2).
Hyndland, Glasgow was in fourth place (G12 9), followed by London's Frognal and Fitzjohns, (NW3 5).
The Yappy index also shows some new property hotspots outside of the capital, More Than explains, highlighting the new development at Kingston Quay in Glasgow, Ordsall in Salford, which is being developed to in a similar style to Salford Quays and Everton in Liverpool.
The area west of Newcastle-upon-Tyne's city centre was also included in the list, as was Holbeck in Leeds.
"Spotting the areas where future house price growth will occur has become the holy grail for this nation of homeowners, and one indicator is to pinpoint the areas where young affluent professionals are moving - this tends to be an early warning that previously unfashionable areas are becoming more popular," commented Peter Bolton-King, chief executive of the National Association of Estate Agents (NAEA).
"These results are an interesting reflection of the areas that young affluent people are residing in, and how wealth is currently being spread in the UK.
"It is no surprise to see London in the top ten, but the fact that Glasgow, Salford in Greater Manchester and Everton in Liverpool rate highly reflects the number of areas that have been redeveloped in recent years. There has also been an increase of apartments being built in city centres specifically targeting young professionals."
Top 35 Yappy property hotspots
1. Lancaster Gate, Westminster (London) - W2 4
2. Belsize, Camden (London) - NW3 4
3. Ealing Broadway, Ealing (London) - W5 2
4. Hyndland, Glasgow - G12 9
5. Frognal and Fitzjohns, Camden (London) - NW3 5
6. Pembridge, Kensington and Chelsea (London) - W11 3
7. Queen's Gate, Kensington and Chelsea (London) - SW7 4
8. Hampstead Town, Camden (London) - NW3 1
9. Campden, Kensington and Chelsea (London) - W8 4
10. Central Manchester - M1 5
11. Kew, Richmond upon Thames (London) - TW9 3
12. Cripplegate, City of London (London) - EC2Y 8
13. Knightsbridge and Belgravia, Westminster (London) - SW1X 8
14. Bannside, Banbridge (Northern Ireland) - BT32 5
15. Kingston Quay, Glasgow - G5 8
16. Bryanston and Dorset Square, Westminster (London) - W1H 7
17. Ordsall, Salford (Greater Manchester) - M50 3
18. Marylebone High Street, Westminster (London) - W 1U 5
19. Blackwall and Cubitt Town, Tower Hamlets (London) - E14 2
20. Everton, Liverpool - L3 9
21. West of the city, Newcastle Upon Tyne - NE1 5
22. Northcote, Wandsworth (London) - SW11 6
23. Hyde Park, Westminster (London) - W2 2
24. East Putney, Westminster (London) - SW15 2
25. Brompton, Kensington and Chelsea (London) - SW1X 0
26. Twickenham, Richmond Upon Thames (London) - TW1 2
27. Highgate, Haringey (London) - N6 5
28. Grove, Kingston upon Thames (Surbiton) - KT1 1
29. St Mark's, Kingston upon Thames (Surbiton) - KT6 4
30. Holbeck, Leeds - LS2 7
31. Barnes, Richmond upon Thames (London) - SW13 8
32. Courtfield, Kensington and Chelsea (London) - SW5 0
33. Childwall, Liverpool - L16 7
34. Highgate, Camden (London) - N6 6
35. Hillside, Merton (London) - SW19 4
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