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Poll: Will ELL impact house prices in HOP?
Yes prices will increase above the london average
Prices will increase but if the market goes up
It will make no difference
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ELL Line to HOP: Will it boost house prices?
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michael


Posts: 3,261
Joined: Mar 2005
Post: #1
21-05-2010 11:30 AM

Well you've all had plenty of time to invest in property in Forest Hill over the last few years knowing that house prices will rise over the next couple of years above the London average.

House prices are roughly governed by the same laws of supply and demand as anything else (but supply is very inelastic - I think that is the technical term). The more people want to live in an area, the more they are willing to pay. It would be strange to imagine that demand for property in HOP and FH will not increase thanks to the improved transport connections.

It is also quite possible for independent shops to thrive close to supermarkets, as long as there is enough footfall in the high street and if people have enough disposable income to choose quality over supermarket deals.

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RE: ELL Line to HOP: Will it boost house prices? - michael - 21-05-2010 11:30 AM

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