1 minute read
London Commuter Property Market
from Midland House
P A G E | 1 2
London’s property prices are forecast to increase by 12.6% over the 5-years to 2025, whereas the South East is
expected to see higher rates of growth
of 17% (Savills).
Average house price in the South East is £414,480
Average house price in England is £256,000
The South East property market has experienced average house price growth
of 10.51% over the past 5 years and London has seen price growth of
8.36% (Zoopla). The demand for property in the South
East is driven by commuters into central
London. With the introduction of Crossrail and improved rail connections, more towns and cities in the South East are becoming easily commutable to central London.
The rental market is also changing with the improved accessibility to central London. Renters who have previously lived closer to the city are now able to look outside of the established areas of London for a better quality of accommodation, with excellent local amenities.
Demand is shifting towards new build property and central London cannot meet that demand, resulting in 15.4% rental growth for Central London Development forecast over a 5 year period in contrast to 10.9% for Prime Central London.
