Area's outside of London commuter lines are seeing the biggest jump in the number of buyers looking for their next home.
News Team | 21st November, 2020
New analysis by the UK’s biggest property website Rightmove shows that homes further out on London commuter lines are seeing the biggest jump in the number of buyers looking for their next home, a complete reversal compared to this time last year.
The study looked at the change in the number of buyers sending enquiries to agents on Rightmove between September 2018 and September 2019, and the same change between September 2019 and September 2020.
Analysis of commuter lines in London reveals Zone 6 is seeing the biggest increase in the number of buyers, and Zone 1 the smallest, a reversal of the trend we saw a year ago:
Zone 6 has moved from having 9% more buyers in September 2019 compared with the previous year, to now being up by 108%
Zone 1 has moved from being 41% up year-on-year in 2019, to now being just 7% up
The further out you go by zone the greater the increase in year-on-year demand
Analysis along the Northern line shows the biggest jump in demand is at the end of the line:
High Barnet is top with the number of buyers up 166%, followed by Finchley Central, up 120%
Moorgate and Bank are bottom of the list, down 34% and 16% respectively
The majority of zones have swapped demand rankings compared to the previous year, and as you move out by zone the jump in the number of buyers increases further:
The study also looked at the change in buyer demand for each station along the Bank branch of the Northern Line between July and September 2020 compared to July and September 2019, which mirrors the overall trend.
The two stations that saw the biggest increase in the number of buyers were High Barnet, up 166%, followed by a station just a few stops along, Finchley Central. Northern locations of the northern line are performing more strongly than the southern locations, and there is a clear dip in demand along the zone 1 stations.
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