We’ve released our latest Property Hotspots Index, charting demand for property across each of London’s 280 tube stations. The research shows that on average, property demand across the tube network is at 35%, down -3% year on year.
Hottest Tube Stops
As home buyers in London migrate towards the capitals outer zones, the demand for property on the outskirts of London has been further fuelled . No surprise then that Zones 5 and 6 are now home to the top 10 hottest tube stops where property demand is concerned.
Starting at the top, South Ruislip is currently the most in demand stop on the London Underground network, with demand at an impressive 75%. This particular pocket of North West London seems to be high in demand, with South Ruislip joined in the top 10 hottest by nearby Eastcote (71%), Ruislip Manor (71%), Northwood Hills (67%), Ruislip (66%) and Rayners Lane (65%).
However, this rise in demand is hardly surprising. With the Crossrail due to be completed in 2017, the appetite for property in areas surrounding Crossrail terminals has already begun to grow.
With the exception of Northwood Hills, all of the for mentioned tube stops lie within a direct commute to an Acton tube stop via either the Central or Piccadilly lines. Not only this, but Ruislip, Ruislip Manor, Eastcote and Rayners Lane are all located on the Metropolitan. When it comes to property demand, our research has found that the Met line is by far the most in demand of all lines on the tube network, with is average demand level of 47%.
As with the year’s highest climbers, East London features prominently in the top 10 hottest tube spots with Hornchurch (66%), Dagenham East and Dagenham Heathway (65%) all making the top 10.
In 4th place with demand at 68%, Debden is the only entry from North London to make the top 10.
Coldest Tube Stop
Just like those that made it in the top ten for the year’s biggest decreases in property demand, all of the current top 10 coldest tube stops for property are located in Zone 1, with Bond Street (7%), Tottenham Court Road (7%) and Hyde Park Corner (8%) the top three coldest spots on the underground at present.