Brand new Luton development revealed
Luton’s house prices have grown by 1.6% over the past six months, despite price corrections in many parts of London and the surrounding area over the past year or two. Over the past five years, Zoopla reports a rise of 39.92%. The town’s affordability has been key to keeping its market buoyant. The average home there is priced at £239,800 – almost half of the London average of £473,822. At the same time, Luton’s rents are projected to rise by 8.9% over the coming five years, which is excellent news for those investing in Luton buy to let property.