4% property price rise in the three months to September '17 is the highest figure since February this year.

According to the latest survey from Halifax, one of Britain’s biggest mortgage lenders, average UK house prices rose at their fastest rate for eight months in September this year. The house price survey shows a 4% property price rise in the three months to September, which is the highest figure since February this year.
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A recent London house price survey by Rightmove confirms that, although the prime Central London markets are still depressed, prices continue to rise in the city’s more affordable districts such as Greenwich (1.7%), Lewisham: (2.40%), Barking and Dagenham (5.2%), Waltham Forest (6.10%) and Bexley (7%).  

The report emphasises that it is the new development and regeneration led housing, such as Kidbrooke Village, that continues to drive price growth in London.

At the same time that demand is driving up sales prices, more and more Londoners are choosing to rent rather than buy (up from 15% of all households in 2013 to 20% in 2017). Rental demand across London is rising and, as with the sales market, it is the more affordable areas that are proving the most popular.  Tenants now prefer high-spec properties in immaculate condition over prestigious central London addresses. New build London homes are setting the standard, with quality being the crucial factor.
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With the overall tenant demand likely to increase in the long-term, there are still opportunities for those investors who remain interested in Buy-to-Let, especially If they choose to expand or reposition their London portfolio to more affordable boroughs such as Lewisham and Greenwich.
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Kidbrooke Village, located close to affluent Greenwich, having many good schools in its vicinity, and surrounded by 136 acres of parks and open space, remains a top performing rental destination and continues to attract rental enquiries from professionals and young families.
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As the development matures, there is increasing appreciation of its attractive village atmosphere with high-quality homes in extensive landscaping, excellent on-site services and facilities and dedicated management and maintenance.
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