Demand increases around London tube stations in Zones 5 and 6Make Text Bigger
Property demand across the London tube network has decreased to 35%, a fall of 3%, according to the latest Property Hotspots Index from eMoov.co.uk.
While London’s inner zones have seen demand fall, Zones 3 and 4 have seen an increase in demand for property since a year ago, up 18% and 8% respectively. Areas in West London have experienced a positive impact with the approaching arrival of Crossrail.
Across the tube network, Park Royal has seen the biggest increase in property demand with an increase of 113% with Hanger Lane also seeing demand increase by 73%.
Both stations are located close to Ealing Broadway where improvements ahead of Crossrail’s completion have begun.
This has had a positive effect on surrounding property with demand around North Ealing increasing by 33%.
Zones 5 and 6 are home to the top 10 most in demand tube stops in regards to property as London buyers migrate to the capital’s outer zones.
South Ruislip is the most in demand stop on the London Underground with demand at 75%.
A spokeperson for Discount Landlord said: “The Property Hotspots index is a good indicator for landlords who are looking to add to their portfolio before the tax changes come in to affect. Landlords should look to the outer zones of London where demand is increasing and is likely to remain high as a result of the impending arrival of Crossrail.”
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