With properties in central areas of the capital unaffordable to many but the wealthiest, the boundaries of prime London are becoming ever more elastic.
Properties in Central London prices are growing so fast that it soon become an unrealistic dream to many foreign investors and even to the locals. Smart investors are no looking out of London, especially those areas which are well connected to London itself.
Although London is already very well developed and commands high rental, but the price of the property is equally high which makes investment a hurdle. Maidstone, Guildford, Reading, Chelmsford and of course Luton are now becoming targets of properties investment as UK already started pumping money into these areas in an aim to split up London population.
Luton is a large town, borough and unitary authority area of Bedfordshire, England. The town is situated on the River Lea in the south east of the island of Great Britain. It is located about 30 miles (50 km) northwest of London. Earliest settlements in the Luton area can be traced back over 250,000 years, but the town’s foundation dates to the sixth century as a Saxon outpost on the River Lea, from which Luton derives its name.
Luton was for many years famous for hat-making, and also had a large Vauxhall Motors factory. Car production at the plant began in 1905 and continued until 2002. Production of commercial vehicles continues, and the head office of Vauxhall Motors is still in the town.
Today Luton is notable for London Luton Airport, opened in 1938, which is one of Britain’s major airports. The University of Bedfordshire is also based in the town. Luton is home to Luton Town Football Club, whose history includes several spells in the top flight of the English league as well as a Football League Cup triumph in 1988. They play at Kenilworth Road, their home since 1905. Luton Carnival held the day before the last Monday in May, a public holiday, is the largest one-day carnival in Europe. Luton Hoo is an English country house and estate and grade I listing building.
One of the most affordable commuter towns in reach of the capital, Luton was named the UK’s top property investment hotspot in 2016 by the Halifax.
A £1.5bn programme for new commercial, leisure and housing development is now underway to transform the town into an important satellite location and business hub, supported by the new £200m Luton Airport Parkway station that will connect the airport terminal to London from 2020.
Luton Foundry presents 66 top specification one and two-bedroom apartments in a town on the up. Foundry is located walking distance from the town Centre and Luton mainline/Thameslink station. Just 23 minutes from London these apartments will appeal to local and London professionals.
Improving transport links is one of the biggest factors affecting property prices. The plan for a £200 million investment in a new Mass transit system to cut the journey times to London St Pancras international will benefit property and rental prices.
LUTON COUNCIL are planning to improve the links between the main airport railway station and the terminal, whilst London Luton Airport is undergoing a £110 million transformation. which will see capacity increase by 50% by 2020 to 18 million passengers.