When I have been presenting at the Luton PIN (Property Investors Network) every month I have been highlighting the increase I have witnessed in the last year of the property prices and rental prices in Dunstable and Houghton Regis.
The figures available from Zoopla for the last year confirm my observations showing that the house prices in Dunstable and Houghton Regis rose by 7.31% in the last 6 months compared to 4.88% for Luton, 5.91% for Leighton Buzzard and even outstripping London which only saw a 5.83% rise in house prices during that time. In the last 3 months of the year the house prices in Dunstable and Houghton Regis rose by 3.75%, marginally more than Leighton Buzzard at 3.70%, but significantly higher than Luton at 2.33%. Dunstable still out preformed London which saw a rise of 3.43% for the last 3 months of the year.
This improvement in the Dunstable and Houghton Regis housing market was there for all to see as demand from London buyers unable to afford the London house prices and rents have moved out past the other unaffordable areas like St Albans and Hemel Hempstead.
At the beginning of 2015 we could see the demand starting to increase and if you look at the figures from Zoopla for house price rises over the year it shows that for Dunstable and Houghton Regis it was only 6.5% compared to over 9% for Luton, Leighton Buzzard and London but in the last 6 months of the year the tables were turned with Dunstable and Houghton Regis out performing all three.
This is a trend we expect to continue as more London buyers and renters move to Dunstable and Houghton Regis and companies such as Amazon and Signature Flatbreads continue to expand this year.
If you would like to visit the Luton PIN meeting where you can network with other landlords/investors and listen to some leading speakers in the property industry email me email@example.com and I can email you the information including a free voucher for your first meeting.
Daniel Bourke is the owner of Belvoir Lettings Dunstable and in his previous career in Architecture he was an Associate in a leading London Architectural practice