The latest research in the property industry has suggested that the city’s notoriously expensive inner west may have peaked, while prices in the suburbs are experiencing the highest recorded levels to date.
Wealthy Londoners are scattering from the city core, which is naturally pushing up prices as demand in the suburbs increases. Landlords looking to make worth-while returns on buy-to-let properties are already making their mark in areas such as Croydon and Sutton, and first time buyers are glad to finally be sitting on assets which will only continue to appreciate in capital value.
In contrast, prices and demand in central London have slumped. For example, in Westminster prices have fallen by a 8.2 percent and prices in the borough of Fulham and Hammersmith have only increased by 1% since 2015.
These shifts have altered wealth and house price patterns, with property hotspots receiving huge regeneration programmes. For example, Croydon is due to be the home of the next Westfield shopping centre, as well as seeing several new residential developments make the area their home.
Inspired Homes currently have five developments in Croydon with prices starting at £288,950.
All of our homes offer an open plan interior designed for modern, luxurious urban living. They include the latest efficiencies in heating technologies, the UK’s fastest hyperoptic broadband, Sky TV and marble bathrooms really do let you ‘live brilliantly’.