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Raising the Roof on House Prices

According to property insiders, buyers are moving out of London seeking three vital ingredients: a manageable commute, a good-value home, and an easy school run.  This makes West Kent and Thames Gateway prime targets for fleeing Londoners looking to get better value for their money.

A window of opportunity has opened for spring sellers moving from the capital to the commuter belt or the countryside.  The Office for National Statistics reports that London prices have jumped 17 percent in a year, and the ‘value gap’ between the capital and the provinces has never been wider.

This means now is a good time to pocket some profit while gaining extra space with a move to the suburbs or shires.  Despite ‘corridors of wealth’ along commuter routes leading from the capital to the countryside, family homes are still cheaper outside London.

With its promising lure of excellent school, close proximity to London and comparatively cheaper homes, Kent is fast becoming one of the most desirable areas in the South East.  However, it looks as though prices here are responding accordingly.

According to land registry value the average house price in Kent has risen by £10,000 in the last year alone, where the price of the average home has jumped from £179,702 in February 2013 to £189,362 on year on.

This is even more start in West Kent, where, accordingly to property website Zoopla prices in the prime commuter town of Sevenoaks have risen by a whopping £21,000 in the last year.

A separate report, from the Bank of England, also warned recently of the chronic lack of homes which are available to buy in Britain.  The Bank said the number of homes available to buy is ‘significantly below those of a year earlier in many cases’, a fact which experts warn is pushing up house prices even further.

At RPC Land & New Homes we are seeing this too, however, we do have an exciting number of new schemes which are just being released, some off-plan in the villages of Culverstone Green, Wrotham, Brasted, Birchington, Teynham, Leeds Village, Canterbury, Tenterden and Loose.  Details of these can be viewed on our website – www.rpclandandnewhomes.co.uk.

With dedicated offices to the sale of new homes RPC Land & New Homes are perfectly positioned to respond to the need for both purchasers and developers alike.

As we move towards summer, things are clearly heating up both in the weather and the property market.  If spring is anything to go on, this summer should be a scorcher for the housing market.

Posted on: 28 April 2014 3:48pm | Category: New Homes News, News