The Ripple Effect

Posted on Posted in Other, Up and coming areas

Interesting analysis showing the effect on house prices of being next to a neighbouring prime area, or the effect of transport & infrastructure improvements. ¬†Also the huge growth of the tech industry in less commercial areas towards the east of London (28% increase in new companies in this sector, compared to a 2% reduction in the financial sector) has led to the development of emerging ‘prime areas’. As these enterprises tend to have a younger workforce, this could be a useful indicator of future house price growth in other areas sharing similar demographics and in neighbouring areas as people seek out cheaper property in surrounding areas.

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Photo credit: Ewan Munro



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