Spotting an up-and-coming area is every homeowners' dream. But how do you find a town, village or city where prices will increase? We look at some of the familiar signs that might just show it's time to buy in these locations.
1. Independent retailers
Independent businesses, like delis and boutiques, suggest that locals are willing to pay more to buy locally.
Take a look one or two stations away from current popular areas to spot the next hotspot. This can be true with tubes, trains and even bus stops.
3. Employment opportunities
New big projects, like a new theatre, will bring lots of jobs to an area. Builders and contractors will move in initially, but it will also need long-term staff to run productions, leading to a long-term increase in demand for housing.
4. New roads and rail links
Ways that make centres more accessible make the surrounding towns and villages more appealing. For example, the guided busway into Cambridge has made it more appealing to live in less-populated areas along the route.
5. Crime statistics
Areas with lowering crime statistics can often be a sign of regeneration. The improving quality of life as the amount of crime lowers will make the area more attractive for buyers.
6. Community events
What does the local notice board look like? If it has dates set for the summer festival or craft fair, then there is likely to be a good atmosphere in the area. Even better – well-attended yearly events can be a sign that residents are remaining loyal to the area. It’s a good sign to snap up property quickly.
7. Check for extensions
Those happy with where they live are most likely to make big home improvements, like adding a hefty extension to their home. If there are a few happening in the same area, it shows that locals are happy where they are.
8. Young professionals
Growing numbers of under 40s can be a good indicator that an area is increasing in popularity.
9. New estate agency openings
Increasing numbers of estate agents within a town can mean that more people are looking to move to the area. Estate agencies move with their customers to the most booming areas.
10. Within walking distance
Facilities within walking distance is particularly important in cities, but it is also crucial elsewhere. Being able to walk to the train station is a bonus, or is there a convenience store to pop out to when the milk runs out? Having a pub or restaurant within walking distance is desirable to avoid needed a designated driver on every evening out.
11. All the basics covered
There needs to be a good-quality school, supermarket, shopping centre, cinema, and more all within easy access to make sure all the most-used amenities are easily accessible.
Are there cranes lining the skyline? New buildings usually signify growth in the area. If apartment blocks are being built, then an influx of first and second time buyers are likely to move to the area. If offices are increasing, professionals will be likely to relocate to the area, spending money on local services during their working hours.
13. Popular brands opening
When Starbucks and Waitrose move into the area, it means that it is quickly becoming the next hotspot. Retailers research locations for their next branch extensively and ensure that they will have a large customer base when they move to the area. As soon as new openings are announced, move before prices skyrocket over the following few years.
Always contactable and responsive. Well organised. Very polite with prospective buyers. Could quickly recognise the level of interest shown and took initiative to address problems... Read full reviewReview Added: Aug 15th, 2018
We had a number of complex issues that threatened our exchange but F&C were with us every step of the way and we're always trying to find a solution. Read full reviewReview Added: Aug 15th, 2018
My house had been online with Mark David for 200+ days with no offers, Fine and country took it over and within 5 weeks I had an offer and have now sold the house. Chris was real... Read full reviewReview Added: Aug 13th, 2018
Had the most amazing experience buying my property in Colliers End. The Estate Agent provided a first class service and their progresser Kevin McLean was outstanding, going above a... Read full reviewReview Added: Aug 10th, 2018
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