London buyers spark suburban housing boom

11th April 2014

The housing market recovery is spreading from central London into the capital's commuter zones, where homes are selling faster than anywhere in the UK, according to new research from eMoov.

. The online estate agent’s Property Hot Spot Index found that Sutton, in Surrey, is the easiest place to sell a property with 68% of them being sold within a month. In second place was Bexley, on the Greater London-Kent border, and in third was the London borough of Hillingdon. Russell Quirk, founder of eMoov, comments: “The home counties are feeling the positive effects of an overheating London market as frustrated home buyers are retreating to the M25 boundaries in order to stand a chance of purchasing.”

Source:   The Sunday Telegraph (06/04/14)