Henley Standard Property
HOME

Date:

Order your copy Advertise with us! HENLEY PAGES
Delivering the news from Henley on Thames and South Oxfordshire for over 100 years
  News     Sport    Celebrity   What's On Regulars Community Info Henley Standard TV Lifestyle Property Jobs Classifieds Gallery Trade
                               Follow us    Follow us    Newsfeed Search the Henley Standard  
Commuters moving out to the shires
Published 31/03/14



AN increase in purchasers moving out of London into Oxfordshire is not only increasing the number of passengers on key rail journeys back into the capital but it is also impacting on the local property market, pushing demand up which in turn is keeping prices strong.

International real estate adviser Savills has recently produced a top 20 list of areas where the total amount of housing owned by commuters is highest. In it, Reading ranks second only to Brighton with the value being £3.36 billion. Maidenhead features 13th on the list with the total value of housing stock owned by rail commuters being £1.64 bn.

Katie Baldwin, an associate director at Savills in Henley, comments: “Demand for property in key town centre locations has always been strong but, over the past 12 months, it has been significantly outstripping supply.

“The result has been two-fold. Firstly, leading to prices within the town centre market growing by as much as 5.4 per cent (depending on property type, condition and location) over the course of the past year and, secondly, leading to an over-inflated view of what properties will realistically achieve.

“The price a property is initially marketed at will be fundamental to the success and speed attached to the sale. Priced too high and it may alienate the demographic you most wish to attract and any agent valuing a property should be able to justify the figures they have arrived at, by comparing it to recently sold (not currently available) property of a similar size, type, condition and location.


“Interestingly, 91 per cent of those currently registered with us have identified that they need to be within easy access of a station — whether by definition that means Henley, Twyford, Maidenhead or Reading, can be debated.

“But it is interesting to note that in the five years immediately after the credit crunch, the increase in the number of people using the station rose by six per cent from Reading, eight per cent from Twyford, 10 per cent from Maidenhead and 26 per cent from Henley.”

This correlates with the increase in demand from those wanting to purchase in the town centre from purchasers who evidently want all the benefits a town can afford - from bars, restaurants, cinema, theatre, schools and so on to close proximity to a station.”



Published 31/03/14

MOST POPULAR
Most residents support M&S development
Rewind promoter forgives blue Bob
The penalty points capital of England
Revamped café takes on starring role
Queues of traffic on hill ‘are deliberate’
Local pub gets new lease of life
Nat West closes branch despite protests
Re-opening date set for Whitchurch Bridge
LATEST BUSINESS NEWS HEADLINES
Henley Business Partnership to boost services
New barbers replaces tattoo parlour
Local pub gets new lease of life
Pub still open
Latest Video View more from   Henley Standard TV
ADVERTISE WITH US
LATEST SPORTS HEADLINES
Henley on the edge of glory
Youngsters debut crumbles opposition
Drama as Red Kites keeper is knocked out
Leander stars on top of the world with Team GB
Kit colours influence club take over
Top Videos
 
Most Popular
 
 
 
 
Higgs Group
HIGGS GROUP
Tel: 01491 419400
www.higgsgroup.co.uk
HENLEY PAGES
Tel: 01491 419419
www.henleypages.com
HIGGS PRINTING & DESIGN
Tel: 01491 419429
www.higgsprinting.co.uk
HIGGS OFFICE SUPPLIES
Tel: 01491 419499
www.higgsofficesupplies.co.uk
HENLEY LIFE MAGAZINE
Tel: 01491 419449
www.henleylife.co.uk
HIGGS GROUP, Caxton House, 1 Station Road, Henley on Thames, Oxfordshire, RG9 1AD.

Cookie Policy | Copyright and Terms | Competition Rules | Contact Us | Advertise with us | Site Map
© Higgs & Co (Printers) Limited 2013  |  Registered in England number 1418717