Thu, 10 Jan 08
London and the South East are expected to be the best performing property markets in 2008, with nearly 70% of investors identifying the regions as this year’s property hotspots, according to a survey conducted by The Homebuyer and Property Investor Show (7-9 March, ExCeL, London)...
The South East was the most popular region to move to over the last decade** and is continuing to experience a shortage of stock, causing the vast majority of investors to believe the area will see the best house price increases of 2008. Many will be looking to purchase in the South East and
Despite commentary about the oversupply of new build flats in the
Supply and demand fuelling growth
Supply and demand is given as the main reason that the housing markets of the South East and the capital will continue to do well in 2008. The belief is also fuelled by the improved transport links, wealth, foreign buyers and regeneration across the area.
In particular, the Thames Gateway is expected to do well due to extensive regeneration and the recent go-ahead for the
Merseyside was ranked as the second most promising area for property price rises due to being named the European Capital of Culture for 2008. However, the area still came far below
Northern cities suffering
Andy Smith, Managing Director of 1st Property Investment Ltd, who will be exhibiting at The Homebuyer and Property Investor Show, comments: Historically,
Strong demand from homebuyers and renters is still there; this is particularly true within regeneration areas where new infrastructure projects are taking place. Such areas will continue to outperform the rest of the market during 2008.
Despite the hype about the current state of the property market it is interesting to note that many areas of
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