Demand for Bexley property is higher than anywhere else in the country, according to figures released today (April 6).
Nearly three quarters, or 72 per cent, of flats and houses on the market in the borough are already listed as sold, research by online estate agents eMoov reveals.
In comparison, properties for sale in the central London boroughs of Westminster (12 per cent), Kensington and Chelsea (12 per cent), Hammersmith and Fulham (19 per cent), and Southwark (17 per cent) are much less in demand.
Meanwhile across the UK, demand sits at just 39 per cent.
Russell Quirk
Founder and CEO of eMoov.co.uk Russell Quirk said: “It’s almost a given now that Bexley will maintain the title of hottest spot for property demand across the UK.
“Since we started the National Hotspots Index back in 2014, it has claimed the top spot seven times out of nine, an impressive achievement to say the least.
“To consistently rank in the top 10 proves the appetite for property in Bexley isn’t letting up and with an average house price still some £150,000 lower than the London average, you can see why.
“Forget prime central London, or the edgy regeneration of the east, Bexley is the safest bet for London homeowners and its more suburban feel and more affordable property prices are clearly a big draw for potential buyers.
TODAY’S TOP STORIES:
“It’s remarkable that an area with no tube links, south of the river, has found such popularity amongst buyers. But then perhaps that is the appeal of the area?
“With murmurings from Labour mayoral candidate Sadiq Khan about a potential Bakerloo line service and a less likely Crossrail 3 service, who knows what the future holds for Bexley.”
How to new Bakerlewisham Line could look. Will be Bexley EVER get on the tube map?
Bexley house prices have dropped by two per cent since the start of the year, whilst demand is down four per cent from a high of 76 per cent.
However, Mr Quirk added: “The UK market as a whole has cooled by five per cent since the end of last year, so this isn’t something for Bexley homeowners to worry about.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel