London homeowners continue to relocate to the Home Counties
“There is no doubt that London has to be one of the top investment destinations for anyone looking for a safe-haven asset right now,” says Cox, “particularly after the worldwide focus received during the Olympics. The success of the 2012 games will have an after-effect as its prominence lingers in the air for some time to come, and its ‘place to be’ appeal will attract investors from all over. This inevitable further increase in demand from investors, coupled with rising prices, means that there is no better time for London homeowners to capitalise on their existing property and make a move to an area that provides better value for money, such as the Home Counties.”
Waterfords estate agents reported earlier this year that their branch network had seen a noted upsurge in the first half of 2012 in buyers from London moving into locations such as Chobham, Surrey (pictured above is a three bedroom detached house in Chobham on at £445,000 – click here for details).
Brendan believes that this trend will continue to head in an upward direction. “The Home Counties are perfect for these types of buyers as you can get more for your money,” he says, “and many locations are along the commuter belt so for anyone that works in London access is easy with only a 30-40 minute journey by train. On top of this, the general cost of living is cheaper and council tax is a lot less which is an appealing factor for many people. There are of course the added benefits of living in the countryside and excellent local schooling.”buying house, moving house, selling house
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