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Digital Subscriptions > Your Home Magazine > November 2015 > Buy a home in a property hotspot

Buy a home in a property hotspot

All you need to know about finding a home in an up-and-coming area

Nothing’s guaranteed in the world of property – after all, who could have forecast the slump of 2007? However, buying in a hotspot – a place where prices are rising far faster than the average rate – should give you a buffer if there’s another downturn in the housing market. The way to maximise gains in value is to spot a hotspot early on, before there’s a surge in demand and prices start to jump. Various factors can make a difference to an area’s desirability, so do your research and keep your eyes peeled…

Stratford is an excellent example of successful regeneration, and thanks to its location, transport links, amenities and choice of new-build housing, has become a highly sought-after place to live

1 REGENERATION

Up and down the country, hundreds of millions of pounds are being poured into regenerating run-down areas, transforming them into vibrant new communities. Many sites are on former brownfield or industrial land, and the money is being invested in creating businesses, transport connections, amenities and jobs as well as homes, boosting the local economy and making them places where people want to live and work. The Mayor of London has identified Opportunity Areas ripe for regeneration across London, such as Nine Elms, which is well underway, and Old Oak Common, where up to 24,000 homes are planned. Notable projects outside the capital include a£5.5bn scheme to develop historic docklands site Liverpool Waters, Dundee Waterfront and Priors Hall Park in Corby.

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Now that the nights are long and there’s a definite nip in the air, it’s time to make sure your home is as comfy and cosy as it can be, as we’ll be spending a lot more time indoors over the next few months. Our trend alert on p.20 this month is inspired by misty moors and the rich colours are perfect for giving your home a warm and welcoming feel. And if you’re thinking of getting a new sofa before your family and friends arrive for Christmas, then make sure you read our expert guide on p.36 for all the information and inspiration you need to pick your perfect settee. We also take a look at the latest ovens which are big on style and features, but kind to your pocket – ideal for cooking your Christmas dinner (p.48). If you’re thinking of moving home in the New Year, then turn to p.106 to find out how to discover where the latest property hotspots are in your area. Bonfire night is a great excuse to have a get-together before we all get too busy in the run-up to the festive season. On p.100 we’ve got some fantastic recipe ideas for you to try at your fireworks party – I particularly love the spectacular bonfire cake, it’s a real showstopper that will definitely ‘wow’ your guests! As always we’ve got some stunning makeovers, including kitchen diner revamps packed with clever ideas (p.24), plus some gorgeous reader homes that I know you’ll find inspiring (p.73).
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