Outer suburbs gain popularity among Londoners

New Hamptons International research reveals 15 London suburbs where the number of new buyers registering is up year on year, including Barking, with a 110% increase, and Woolwich, up 74%. Twenty years of London price growth have pushed more recent buyers into new neighbourhoods says David Fell, senior analyst at Hamptons. "Buyers looking for a family home from their second or third move are heading to more affordable areas of outer London. This trend has been entrenched by the pandemic, with fewer Londoners heading daily into their Zone 1 office. Buyers are more willing to compromise on a longer commute a couple of times a week in exchange for a forever home further out."

London Evening Standard