Twitter Facebook RSS FEEDS

Boom for London and south-east predicted

Thursday, 10 January 2008 12:00 AM

London and the south-east of England have been identified as the UK's likely property hotspots during 2008.

According to a study carried out by the Homebuyer and Property Investor Show, as many as 70 per cent of investors regard the two regions as potential boom areas over the next 12 months.

The region was recently found to be the most popular domestic immigration destination, and this demand for property, coupled with a shortage of supply, led investors to argue the area will see the best house price increases of 2008.

Along with this imbalance of supply and demand, belief in London and the south-east was also fuelled by the improved transport links, wealth, foreign buyers and regeneration across the area.

The introduction of Crossrail and the expansion of the east London railway will also prove beneficial in the longer-term.

"Historically, London and the south-east have usually been the top UK property performers, often regardless of the overall national house price trend," said Andy Smith, managing sirector of 1st Property Investment.

"It is encouraging investors still recognise the significant potential for capital growth even in a more nationally subdued market.

"Strong demand from homebuyers and renters is still there; this is particularly true within regeneration areas where new infrastructure projects are taking place."

Merseyside was ranked as the second-most promising area for property investment due to its role as the European Capital of Culture for 2008.

However, the area still came far below London and the south-east, with only ten per cent of investors confident in its performance.

Related stories

There aren't many cheap walkable commutes near the Houses of Parliament. Image:Liquid Library

Central London property price boom continues

Central London continues to enjoy immunity from the difficulties across the property market according to quarterly Land Registry figures released today.

 Row of houses in London

CML: Fewer houses will sell in 2011 than predicted

The Council of Mortgage Lenders has downgraded its assessment of the number of house transactions to take place this year.
Prime London property

Revealed: the UK cities outperforming London

Prime property in London is performing excellently – but average values are rising much faster in other UK cities. Find out where here.

 Row of terraced greystone houses

Property boom and bust cycle "must end"

More new homes, tax reform and a better safety net are key to more stability, a Housing Market Taskforce has said.
Tenants in capital see 12 per cent rent increase over last year as living standards squeezed. Image: Thinkstock

London rents rise to record high

Tenants in capital see 12 per cent rent increase over last year as living standards squeezed.

 Period terraced houses in London

European young professionals flock to London

Nationals from Portugal, Ireland, Italy, Greece and Spain are moving to London because of the crippling states of their economies.
Sixty per cent of all inner London apartments are sub-let

London leaseholders urged to take control

Private leaseholders could save money by tackling management of their buildings but most do not know how, says survey.

Boom in top London property is not spreading as prices fall elsewhere.

Country houses see price falls

Boom in top London property is not spreading as prices fall elsewhere.
Once again, only London bucked the trends. Image:Thinkstock

Only London bucks April house price fall

Recovery expected over next 12 months but north-south divide narrowing, finds Knight Frank/Markit.

 City of London

London second-most valuable place to have property

The English capital was also named the most expensive rental city in the world, with yields for landlords increasing 13 per cent.

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

WowBBQ

WowBBQ Logo
Welcome to the World of Weber. We are the largest independent online Weber BBQ retailer in the United Kingdom. WOWbbq.co.uk is a Weber Partner Store and can give you the best advice for all your Weber BBQ needs.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

FAQs about commercial stamp duty

If you want to relocate to larger premises, you need to know about commercial stamp duty. Different rates apply than with residential property, however, like residential buyers, you could potentially benefit from stamp duty mitigation.

Save space with a small bathroom suite

Most people dream of having spacious bathrooms with a freestanding tub and a separate shower cubicle where you can relax in pure luxury. However, the reality is that bathrooms are rarely as big as we'd like them to be. Here are some tips on how to make the most of a small bathroom.

The benefits of choosing painted kitchens for your home

If you want to give your home a makeover, consider painted kitchens. While these look great in traditional properties, such as cottages and farmhouses, they also work well with contemporary spaces due to the large selection of styles and colours.