Enfield among “hidden property hotspots”
by Marco Cillario Wed 3 February 2016, 5:55 pm
Enfield is among the London areas which will deliver value for homebuyers and investors in 2016, according to data gathered by a property developer working in the borough.
Linea Homes – which has recently delivered Kingfisher Place, a scheme which comprises four three-bedroom homes in the borough near the River Lea – included Enfield among its "hidden property hotspots" in London, along with Greenwich, Bow and Hendon.
The company announced in January that it had already sold 75% of its Enfield scheme, adding that buyers from the Tottenham surrounding area found the zone could offer better value for money with equally good transport links to central London, more secluded homes and proximity to green space.
“Our schemes in Enfield, Greenwich and Bow have been among our most popular with buyers in the last few months and we have already sold the majority of units to homebuyers as well as investors,” said Gavin Sherman, owner and director of Linea Homes.
The company also observed that investors had been buying property in the area despite the planned stamp duty increase, which will become effective later in the year.
“We are seeing this as a sign that perhaps the new measure will not have quite as much impact on the market as first thought,” said Sherman.