The UK’s most popular town with house hunters… and it’s a LONG way from London
Houses listed for sale in Edinburgh receive 145 per cent more interest from house hunters than the average property listing in Britain
LONDON might be losing its touch as the most popular city to live in as house hunters are turning to more affordable alternatives, according to a new report.
Edinburgh outranked the UK capital as the hottest property market in Britain, new figures by Zoopla revealed.
The property portal analysed the volume of email enquiries sent by house hunters to estate agents listing homes for sale on the website over the past year to create an index, which reveals the areas of the British property market that are the most “in demand”.
It found that homes listed for sale in the Scottish capital typically received 145 per cent more interest from house hunters than the average property listed across the UK.
Croydon ranked second with 104 per cent more demand than the average property listing over the past 12 months. Central London and Glasgow came behind with 77 per cent and 67 per cent respectively.
At the very bottom of the list, Preston was found to be the least in demand area of the places looked at, with properties there receiving 55 per cent less interest than the average.
A closer look at London revealed that Barking and Dagenham was the most sought after boroughs in the capital, while leafy Richmond upon Thames was the least popular one.
Lawrence Hall, a spokesperson for Zoopla, said the figures offer an insight into which areas are the most sought for.
“It's interesting to see Edinburgh outranking London, which perhaps reflects a cooling in the property market for central London,” he said.
”It's no surprise that we see high demand for properties in the outer London suburbs, such as Croydon, as they prove to be an affordable alternative for buyers,“ he added.
The survey comes as figures from Nationwide Building Society this week showed the UK could be hit with a new property recession as house prices fell for the third consecutive month in May.
According to the building society, it was the first time prices had fallen for three months in a row since 2009.
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