Home    //    Residential    //    News    //    London Housing Market Slows as Commuters Head to Kent
London Housing Market Slows as Commuters Head to Kent

London Housing Market Slows as Commuters Head to Kent

30th June 2015

The Evening Standard today reported that the luxury London house-buying market has remained sluggish. Annual growth in the city is reported to have slowed to 2% in June, down from 8.1% in 2014. Some leading estate agents have speculated that this is due to stamp-duty concerns, particularly for properties over £1.1 million.

Londoners looking for better value for money and a better lifestyle are increasingly finding their dream home in Kent. Prices in the region remain significantly lower than in London itself offering commuters more choice, typically larger properties and overall better value for money, even when stamp duty and other moving costs are factored in.

Many towns, such as Tonbridge, Ashford, Sevenoaks and Rochester now offer commutes of around 30 minutes, making it more appealing than ever to move out of the city.

Residential property, development opportunities and commercial properties are more readily available in Kent and represent a sensible investment in the long-term as more and more business is done online, via conference / Skype calls and remote working. To find out more about residential properties available in Kent, contact us on 01622 692206 or click here for further information about commercial properties in Kent.