London property owners 'set to relocate'
13th Aug 2012
Many London property owners may relocate to the Home Counties in the coming months as they look to take advantage of the opportunities this can present, one expert has predicted.
Brendan Cox, managing director of Waterfords, said that he expects the continuing rise in house prices in central London to have an impact on demand in the Home Counties.
He said there is "no doubt" that London is one of the top investment destinations for anyone looking for a safe-haven asset at the moment, particularly after the worldwide focus received during the Olympics.
The expert said that the success of the 2012 games will have an after-effect as its prominence "lingers in the air" for some time, and its appeal will attract investors from all over.
"This inevitable further increase in demand from investors, coupled with rising prices, means that there is no better time for London homeowners to capitalise on their existing property and make a move to an area that provides better value for money, such as the Home Counties," he suggested.
Mr Cox said the Home Counties are perfect for these types of buyers, as they arguably get more for their money, while many locations are along the commuter belt so anyone who works in London will only have a 30-40 minute journey by train.
"On top of this, the general cost of living is cheaper and council tax is a lot less which is an appealing factor for many people," he added.
Posted by Staff Writer: Ewan Robertson
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