There are many reasons why people buy and eventually sell the property they live in. There are many reasons such as expansion, downsizing, work or childbirth, coupled with changes in the real estate market, which can turn an area into a less popular area. But where exactly are people buying new property and which areas are they leaving behind?
To gain insight into where people are moving from place to place in the capital, we looked at Foxtons data on where people are selling and compared this to the latest Land Registry figures. We compared.
Where are Londoners sold?
canary wharf
According to data from Foxtons, Canary Wharf is currently ranked as the top location for most London residents to sell their property.
Canary Wharf, an international business hub, attracts residents who move to the area for shorter commutes. This is also why new developments make up a large portion of the sales market near postcode E14.
notting hill
Notting Hill has always been one of West London's most popular neighborhoods, attracting the capital's artists and celebrities.
Like many parts of central London and the Midwest, Notting Hill's housing market is dominated by apartments, with homeowners tending to occupy the area on a medium-term basis.
Earl's Court
Property in Earl's Court has seen a surge in demand in recent years as homebuyers seek higher value properties compared to its pricier neighbours, Chelsea and Kensington.
The profile of sellers at Earl's Court is diverse, from professionals looking for a home near the more attractive Chelsea area to investors looking for prime real estate in central London.
shoreditch
While the likes of Peckham and Croydon enjoy the limelight, Shoreditch remains one of London's trendiest areas to live in, with constant foot traffic due to its proximity to the ever-growing Tech City. It continues. neighborhood.
The face of industry in Shoreditch is constantly changing, meaning those who moved into the area a few years ago are seizing the opportunity to make the most of their investment.
Fulham
Fulham is a favorite area for young singles and retirees alike, with its independent boutiques, great pubs and more brunch spots than you can eat.
Fulham market is a busy market for us. From our experience, we know that Fulham is a firm favorite among young professionals, who will buy an apartment as soon as it goes on sale.
Where will Londoners buy property in 2018?
Latest data from the Land Registry on the number of properties sold in London last year predicts that these areas will be the most popular with buyers in 2018.
Wandsworth
Most popular areas: Tooting, Streatham, Nine Elms
Why live in the London Borough of Wandsworth: second-lowest council tax in the capital, cool developments around Nine Elms, easy transport links through Clapham Junction and elegant period properties
Average price: £605,702
Croydon
Most popular areas: East Croydon, South Norwood
Why live in the London Borough of Croydon: The regeneration of central Croydon, with many new developments aimed at first-time buyers, below average house prices in London.
Average price: £369,576
Bromley
Most popular areas: Crystal Palace, Beckenham, Bromley
Reasons to live in the London Borough of Bromley: Community feel in many areas, trendy restaurants and pubs facing Crystal Palace, good schools, lovely family areas in Beckenham and Bromley
Average price: £453,689
barnet
Most popular areas: Cricklewood, Brent Cross, North Finchley, East Finchley
Why live in the London Borough of Barnet: Good schools, family friendly, wide range of properties, suburban feel.
Average price: £550,167
Havering
Most popular areas: Romford, Gidea Park, Upminster
Reasons to live in the London borough of Havering: below-average property prices, emerging areas, Crossrail soon to open, underground connections
Average price: £366,354
Check out properties for sale in Gidea Park.
Property for sale in London.
