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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.

Click here to read the article in full

 

Photo credit: Ewan Munro

 

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