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Nine of ten UK property hotspots in London commuter belt

Cherry Reynard
Written By:
Cherry Reynard
Posted:
Updated:
07/04/2015

Sutton has replaced Bexley as the biggest property hotspot in the UK, but house prices in the north are showing some of the UK’s biggest growth.

Eight out of ten of the highest climbers since December 2014 are located in the North, said online estate agent Emoov.co.uk.

In his budget announcement, Chancellor George Osbourne said the “Northern Powerhouse” had begun to outgrow the south. The London Borough of Bexley in south east London has been dethroned by Sutton in the South West, which tops the league table with a demand for property at 67 per cent.

The two London hotspots are joined in the top ten by Cambridge, Watford, Bristol, Reading, Guildford, Aylesbury, Havering and Hillingdon. Emoov said the mass emigration from the centre of London to more affordable outer regions and beyond is starting to become apparent, but it’s the North West that has seen the most marked improvement.

Sefton in Merseyside has enjoyed the greatest improvement in demand, up a huge 80 per cent since the December Hotspots Index. It is joined by Huddersfield, Trafford, Bradford, Stoke-on-Trent, Bolton and Warrington.
In contrast, North Tyneside is the coldest property spot in the UK, closely followed by County Durham, then Oxford where affordability constraints are starting to bite.

Property Expert Russell Quirk, CEO and founder of eMoov.co.uk said: “It’s almost a tale of two halves in the North alone, let alone the North and South. The North West seems to be flourishing as demand for housing increases almost across the board. It is however a very different picture in the North East, as it accounts for a number of the coldest spots in the March Hotspots Index.”