The remote work property boom ends as London and commuter towns see house prices soar

It seems that the mutation of the property led by a remote work revolution has ended, as new figures show that the prices of homes rise sharply in London and a belt of their passengers, while escaping areas from the epidemic that was one day are now witnessing a decrease in values.

The data analyzed by the Purplebricks Agency reveals the latest home price index from the National Statistical Office that many rural and suburban areas that have increased value during the height of the lock have now lost a large floor.

Areas such as Bath, North-Stom Somerset, Cotswolds and South Hams have seen popularity with workers in the city who are looking for parks, fresh air and home office spaces during the peak of movement from home-average property values are decreased by more than 20,000 pounds during the past year.

These areas were among the biggest winners of property after 2012, as prices increased by up to 15 % between 2019 and 2020, where tens of thousands of London residents left the capital. But the demand has since declined, and the market has been modified.

On the contrary, the external areas and hot points in London are now leading the growth of prices, which reflects a reflection of the trends of the epidemic. Three rivers in Herfordshire, which borders the town in London in Watford, recorded an increase in annual prices by 13 % – equivalent to about 79,000 pounds.

Among the other major artists Kingson on the Times and Bromli, where prices jumped by 8-9 % on an annual basis, adding approximately 50,000 pounds on average. Tunbridge Wells, Waltham Forest, Southwark and Elmbridge also among the 10 best price growth areas, all within about an hour to central London.

Although the central parts of the capital, such as the city of London, Westinster, and Isington, have witnessed the decline in home prices early in the year, modern data shows a recovery. In June, the values in Camden increased by 9 %, the city by 8 %, and Kensington and Chelsea by 3 % in just one month – tens of thousands of pounds were misled within weeks.

In general, home prices in England increased by 3.4 % last year, while prices in Wales and Scotland increased by 5.1 % and 6.4 %, respectively. The average house price is now 290,000 pounds in England, 210,000 pounds in Wales, and 192,000 pounds in Scotland.

According to Purplebricks, low interest rates and low mortgage costs contribute to the renewal of optimism in the housing market. The Bank of England’s base is now 4.25 %, as a full percentage drop has decreased during the past year, as economists are widely expected an additional reduction when the bank’s monetary policy committee meets on August 7.

Tom Evans, Purplebricks sales manager, described the current expectations as “great news” for home owners and buyers for the first time.

“Low interest rates over the past 12 months have helped reduce mortgage rates and raise real estate prices – and this basic trend expected in August should continue.

We are confident that home prices will continue to rise next year, which means that your home in the beginning of 2026 will be more than it is today. “

Robert Nichols, Managing Director of Purplebricks, said the new “Help Hand” plan enhances market confidence as well.

He said, “This is the best time for Jupiter for the first time in recent years,” referring to the plan that aims to improve the access of a mortgage to those who struggle to obtain a property ladder.

The City Research Center reported last year that London had already showed signs early in recovery from the output of the epidemic. This recovery seems to be in full swing.

The latest population estimates from the National Statistics Office indicate that London has 8,945 million people from mid -2013, largely driven by international migration.

By re -filling off offices, spending on consumers, and demand for housing belongs to the capital and the margin, may be the era of remote property growth in rural areas in rural areas approaching its end.

The “race for space” gives way to a new chapter – where the proximity to the economy of the capital that has recovered, even in the hybrid work, is the king again.