South-east and north-west tipped for 2007

Posted: 11 Jan 2007 10:31:30 GMT


            Property News - South-east and north-west tipped for 2007

Property investment hotspots during 2007 will include London, Kent, Liverpool and Rochdale, housing website Whathouse has predicted

Property investment hotspots during 2007 will include London, Kent, Liverpool and Rochdale, housing website Whathouse has predicted.

All of the areas are benefiting from development funds and will receive new transport links in the next few years.

While London growth is led by the top end of the market in areas such as Belgravia, Mayfair and Knightsbridge, these are likely to be out of the reach of most investors.

Instead, private investors should position themselves to reap the "ripple" effect this produces across the greater London area in reasonably priced areas such as Hackney, Cricklewood and Brent Cross.

Kent is also developing rapidly as part of the Thames Gateway project and new high-speed rail services on the Eurostar line to Folkestone.

"Run-down Georgian townhouses in Gravesend would be ideal for investing in," explained Yolande Barnes of Savills Research.

"Folkestone is set to be regenerated and will benefit hugely from a high-speed commuter link. Canterbury will not benefit quite so much time-wise, but will become commutable and therefore a hugely desirable place to live in."

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