The rise of London's commuter belt
Luton is an established commuter town where property prices are still relatively affordable compared to many other towns and cities in the southeast region and other commuter towns.
Now that the UK Government has classified Luton as an enterprise zone and is benefitting from £1.5 billion in private investment and with over 18,500 new jobs projected, this has generated strong demand in Luton for city centre accommodation. Due to both increasing Greater London apartment prices and crucially rising rental values, London’s commuter belt is thriving with a massive increase in popularity.
14,400 shortfall of properties within Luton
£1.5 billion private investment
Rent increased by 3.7% in the last 12 months
property prices climbing by 8.5% in 12 months
As Property Prices Rise Substantially in Central London, Many are Seeking Property Outside of the Capital.
As the rising pressures of affordable housing in London push first time home buyers and renters out of the market, the spotlight has fallen on the capital’s commuter belt.
With significantly lower living costs, areas such as Luton, Slough, Milton Keens have seen a huge rise in popularity as commuting towns become an increasingly attractive prospect for living and investing in.