05 Jan Luton tops Halifax Report 2016 for property growth.
Luton property growth in 2016 average house prices surged by 19.4%, the highest growth figure in the UK. This is more than two times the UK average of 7.5% for 2016. Luton combines current affordability with thriving economic and job prospects, as the recipient of £1.5 billion of inward investment over the next 20 years. In addition to its own organic growth, Luton also benefits from good transport links to London where rental increases have led to more demand within the commuter belt. These include the UK’s 4th largest airport, proximity to Junction 11 of the M1 and a Thameslink connection to Kings Cross St Pancreas taking just 25 minutes. Luton’s sterling performance in 2016, capped an equally impressive performance of 18.5% in 2015, with the average cost of a semi-detached home increasing by £40,000 from 2014 to 2015.
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