Balgores Property Group exchanged on £20m worth of property in the borough of Havering in July, breaking all of the company’s previous records.
Matthew Butler, Area Director of Balgores in Havering, commented: “Our figures show that post Brexit, the housing market across Havering is booming. We exchanged on record breaking figures in July.
“House prices across Romford, Hornchurch, Upminster and Rainham have also increased in July, up by an average of 12% year on year. Demand for property in Havering is strong as ever.
“Romford is seeing record demand for property, thanks to the excellent transport links into London, enabling commuters to reach the City within 20 minutes. Many professional couples are moving from East London, because they are priced out of the market. By relocating to Romford, commuters can save tens of thousands of pounds purchasing their home. The average cost of a 2-3 bedroomed house within walking distance of the train station is now sitting at £320,000.
“Romford also offers a wide variety of affordable, contemporary and period homes. The town has a vibrant shopping centre, with a mix of high street shops, cafes and a traditional market dating back to C1247.
“There are many new housing developments being built in Romford and this is due to rising demand for property in the town, partly driven by Crossrail. Buy-to-let investors have also been heavily investing in the town and this has driven up prices.
“Hornchurch has seen prices and demand rising steadily over the last 12 months. With its variety of bars and restaurants, along with lovely countryside walks, it is attracting families and commuters who want fast transport links to London. There are plenty of parks, woods and fields to enjoy and Hornchurch offers great access to the city, country and coast.
“Upminster is a very attractive location for commuters, with services to Fenchurch Street in just over 20 minutes and great transport links to the City and the Essex Coast. The town boasts a wide choice of shops and restaurants, including independent specialist retailers and high street names. Upminster is very popular with young professionals and families.”
