The top ten factors for property location have been highlighted in a recent survey.
An estate agents poll, carried out by ING Direct and Future Foundation has found that the top three indicators for property value growth are good school results (79%), streets that have skips and scaffolding (70%) and planning application notices (67%).
There are additional factors as to whether an area is coming up.
Property experts state that investors ought to find out whether the public transport is getting more crowded, whether there are more traffic wardens about and if more homes have got burglar alarms .
Property investors ought to note neighbourhood watch schemes, whether ethnic foods are sold in local shops and whether graffiti is being removed.
If six of the above are in place ING Direct predicts that house prices are going to outperform the national average by about 13% over the next decade, as well as there being improved standards of living and better employment prospects for residents.
All homeowners and property investors wish to know whether the area they live in or are planning to move to is 'on the up' to ensure that their home is a good investment.
Signposts assist homeowners to find out whether an area is on the up.
Traffic wardens as well as more crowded public transport are not what you would normally want, yet they are signs of more investment in an area.
Top ten factors for property growth
Tephone directories getting thicker
More crowded public transport
More parking restrictions as well more traffic wardens
Better school results and fuller school waiting lists
Neighbourhood Watch schemes
More burglar alarms
More scaffolding and skips
Removal of graffiti
An increase in planning application notices
Availibility of ethnic cuisine
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Property Location Growth Top Ten Factors
Fri, 23 Feb 2007
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