Transport systems are set to develop in some areas in Zones 2 and 3 which made properties in these areas even more popular.
Prospective buyers must think about buying properties in London’s outer areas, as demands are expected to continually soar for these areas are showing immense potential as investments.
The prices on properties in Zones 2 and 3 in the capital are increasing by 12.9 percent, far more advanced growth rate than in Central London where prices are merely escalating by 7.6 percent.
Many have already used up their savings upon renting and buying in the premium spots in Central London, so they are now considering areas in Zones 2-3 which are vastly gaining in recognition and popularity amongst families and even young professionals.
Transport road is set for further improvement over the next few years with campaigns for both the Overground and the Bakerloo line to be extended.
These transport improvements will make areas even more accessible for commuters and should fuel an increase in demand.
The said outer London areas can also present something which is quite uncommon in Central London; properties with outer spaces.
The accessibility of outside space is a massive plus in these areas. Patios and Gardens are definitely perfect for starting families, and landlords can set higher rents if their assets have gardens.
Now would be a perfect time to invest in these areas as the prices may continue to soar!