London Evening Standard’s property correspondent, David Spittles, identifies the new London hotspots to watch for new homes in 2015.
David Spittles has announced his ‘ones to watch’ for 2015 in this week’s Homes & Property supplement of the London Evening Standard, with Barratt London’s Catford Green featured as a prime development ‘in the spotlight’.
Spittles says that the rise in central London house prices has pushed buyers to look slightly further out. “Zone 3 will become the new hot area and tech districts will take off, as Crossrail breathes fresh life into the capital and beyond, and the rental market sees major growth”. Homes in “so-called ‘non-prime’ districts will see the biggest price gains — 22.7 per cent over the next four years, according to estate agents Savills”.
Spittles says “Zone 3 will become the new Zone 2” in 2015, as being “priced out of central districts, buyers will continue to push into cheaper areas beyond the West End and City fringes. Almost 80 per cent of housing demand in London is for homes below £450 a square foot, which roughly equates to a price ceiling of £250,000 for a typical one-bedroom property and £350,000 for a two-bedroom home.”
Priced from £308,000, Catford Green’s one, two and three-bedroom homes on Adenmore Road are set among 54 acres of Ladywell Fields, with quick connections to central London. With added interest generated by David’s article, expect them to be snapped up quickly.
Follow the link to read the full New year property predictions: London's new homes hotspots to watch in 2015 article on Homesandproperty.co.uk