Renters race to the suburbs: Bigger homes in commuter towns and villages are on trend as 34% of tenants demand more space
14 September 2020
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Many recent reports on the house sales market have indicated that buyers are looking for more spacious properties, often in less populated locations outside of cities, as they expect to spend more time working from home in future.
One such report analysing the London housing market issued by LonRes today shows that the prime residential sales market has remained resilient thanks to the 'space race'.
It revealed that new instructions almost doubled across prime areas of London in August (up 97 per cent) compared to the same period a year ago. The number of properties going under offer recovered in August with an annual eight per cent increase following a 10 per cent rise in July.