Demand for homes in Bexley is most intense in London
PUBLISHED: 11:18 25 February 2015 | UPDATED: 12:35 25 February 2015
Borough is bucking the trend
Bexley is the only London borough where demand for homes is becoming more intense.
Figures from online estate agent eMoov showed that in December, 71 per cent of homes on the market in the borough had had an offer made on them – a three per cent increase compared with September.
In every other London borough, the proportion of homes on which an offer had been made dropped. In Islington, it had fallen from 64 per cent in February to 39 per cent in December.
Bexley was also listed in the top ten most affordable London boroughs by property services company CBRE in December.
Emoov CEO Russell Quirk said: “Bexley is arguably the place to be where demand for property is concerned.
“I think Bexley enjoys such high levels of demand for a number of reasons. Not only does it offer good transport links into the city centre but its mix of greener areas and the redevelopment it is currently undergoing make it a desirable place to live for people of all ages.
“This said, we are starting to see a trend whereby people are moving even further out of London to commuter-friendly areas outside of the M25 ring. We have seen an increase in demand for locations such as Brentwood and Guildford and they could soon overtake places like Bexley in terms of demand for housing.”
If you value what this story gives you, please consider supporting the Bexley Times. Click the link in the orange box above for details.