THE prospect of fast train links into London is fuelling interest in the East Kent housing market.
A new review of the country’s property hotspots has identified what analysts call the “hope value” attached to the high-speed rail link, which will dramatically reduce commuting times to the capital.
“It is still three years away but people are buying in Hythe, Folkestone and Canterbury in hope,” said Cluttons in Canterbury.
The estate agent said the best properties went up around 10 per cent in 2006.
The review, published in the Sunday Telegraph, said the Medway Towns “are hauling themselves out of neglect with billion pound regeneration schemes”.
Other places to warrant a mention in the commuting stakes were Basildon, Epping Forest, Thurrock and Chelmsford – all in Essex.
But it wasn’t all good news.
First time buyers are being left out in the cold, warned the report, by escalating house prices.
They now make up just 28 per cent of sales, and half of those can only afford it with parent help.
In comparison, the over-60s hold an incredible £1trillion in the housing market.
POSTED: 19/12/2006 11:36:14
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