London’s property scene: predictions for 2015

12th December 2014

The Evening Standard looks at what is in store for London’s property scene in 2015.. It predicts that Zone 3 will become the new hot area, as buyers, priced out of central districts, will continue to push into cheaper areas beyond the West End and City fringes, while purpose built rental villages will spread across the city, as more 20-35 year-olds shut out of home ownership accept that renting will become the norm in their lifetime. The paper also forecasts that new forms of “intermediate housing” will be introduced for those who cannot afford to buy but whose income is too high for them to qualify for housing benefit, making them reliant on private landlords. Finally, it tips Canary Wharf Group, Peabody and St William as three developers to watch in the New Year. Elsewhere, a panel of property experts tell the paper that low interest rates and good mortgage rates will make 2015 a great time to buy.

Source:   Evening Standard (10/12/14)