London property: price per square foot

(click the map to enlarge)

When we came across this map in Homes & Property, we instantly bookmarked it. The map breaks down the price per square foot of London property by area, and was accompanied by an insightful article, by David Spittles, about how to find a property deal in the current market and profit.

Here are some thoughts from the article worth noting:

- The city is a collection of micro markets where local dynamics influence property values. Qualities like good schools, conservation areas, nice shops, bars and restaurants can all lift prices in some streets.

- You don't have to leave central London to find good value. A house just a few streets away from a prime location, can be much cheaper. And it will most likely "level up" once improvements take place.

- Regeneration projects and transport upgrades are occurring through the city, which makes grabbing a property in this area a smart move, as it will only increase in value.

More from the article, right here.

(And of course, if you end up buying a property and need a professional renovation-related opinion, give us a call.)