Prices set to rise in transport hotspots

Posted: 31 Dec 2007 16:45:48 GMT

Halifax Estate Agents has said that parts of south-east England and London which are currently enjoying lower-than-average house prices could experience the strongest price growth in 2008.

Halifax Estate Agents has said that parts of south-east England and London which are currently enjoying lower-than-average house prices could experience the strongest price growth in 2008.

The firm has said that areas such as Hackney, London, and Chatham, Kent, will also be boosted by the forthcoming introduction of improved transport links in the local area.

These include the expected approval of the Crossrail project as well as the opening of high-speed commuter services between London and north and east Kent, Halifax outlined.

"Some areas will continue to be in high demand next year with property prices rising accordingly despite the expected subdued outlook across the market as a whole," commented Colin Kemp, managing director of Halifax Estate Agents.

"Those areas that are likely to record the biggest price gains will tend to be those with a combination of good transport links to a major conurbation and relatively low average prices. A number of areas will see a boost to prices as a result of significant infrastructure projects," Mr Kemp added.

East London is also set to benefit next year from the ongoing regeneration projects set up in anticipation of the 2012 Olympic Games.

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