Soaring demand among tenants for homes in commuter zones and well-connected towns is fuelling a ‘mini-boom’ in the rental market.
With life still firmly under lockdown and millions working from home, a 'normal' commute to the office seems like a distant dream and becomes less likely to return as the weeks' march on. As a result, homebuyers across the UK are re-analysing their long term property requirements and expanding the commuter belt.
Grays in Essex ranked as best-value location within hour of London
Scotland has seen an increased demand for prime property in commuter locations with the housing market as a whole generally improving, according to new research.
Scotland’s prime market is expected to grow by 18.8% over the next five years in terms of values, outperforming the overall residential market and in comparison to 22.2% across Great Britain, according to the latest report from real estate firm Savills.
However, the prime market between £400,000 and £1 million continues to be constrained outside Edinburgh by the Land and Buildings Transaction Tax (LBTT) which was introduced a year ago, it points out.
Use The Telegraph's interactive map to work out which areas offer the best value for money in the 73 commuter hotspots around London where more than 10pc of the local population commutes into the capital
The number of commuters spending more than two hours travelling to and from work has increased by 72 per cent over the past 10 years - with high house prices the major factor.
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