3
Jan
Property hotspots identified by Halifax
A number of locations will outperform market expectations in 2008,
helped chiefly by improvements to transport infrastructure, it has
been claimed.
Halifax identified the property hotspots for a list of the top ten
locations deemed likely to defy a downturn in the UK property
market next year.
Among those included were Chatham and Dartford in Kent, as well as
the London borough of Hackney, which could see "record price
increases", according to the lender.
All three are set to benefit from planned improvements to transport
links, with Hackney also set for extensive redevelopment ahead of
the Olympic Games.
A similar effect will buoy up prices in the Scottish towns of
Greenock, Paisley and Lochgelly, Colin Kemp, managing director of
Halifax Estate Agents predicted.
He explained: "Those areas that are likely to record the biggest
price gains will tend to be those with a combination of good
transport links to a major conurbation and relatively low average
prices.
"A number of areas will see a boost to prices as a result of
significant infrastructure projects."
