Highgate Property Market Bucks the Downturn Trend
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Property Booming in London’s Most Popular Village
The property market is still performing strongly in London’s most popular locations, and Highgate is a prime example.
Through the dark financial times of recent years, investors and home owners have always had the comfort that traditional bricks and mortar have, at least, been maintaining their value. In fact, the property market has generally remained bullish throughout.
Over recent months, however, there has been concern among property developers that the boom period might be coming to an end, with many estate agents and development companies reporting significant drops in profits since the beginning of 2017.
It seems, though, that in the most popular areas, the market is as buoyant as ever, and according to a Highgate estate agent, homes in the desirable north London village are continuing to increase in value, as buyers flock to this unique oasis, just five miles from central London.
A case in point is Highgate Court, a new development built on a former police station and court building that had stood derelict for some years. It offers a range of luxurious apartments, with one to three bedrooms, plus a spectacular penthouse and a five-bedroom townhouse.
Prices start just under £700,000, rising to £2.35 million for the townhouse, and they are selling quickly, particularly to first time buyers.
It sounds like a cliché, but Highgate really is a place that has everything. Its close proximity to the city means commuting is a cinch – Highgate tube station is on the Northern line, and you can be at Bank in around 20 minutes. Many residents even choose to commute by bicycle – the scenic route alongside the Regents Canal is just on six miles, and takes half an hour at a gentle pace.
Despite its proximity to the city, there is a village atmosphere that belies the fact. Perched on a steep hill, surrounded by greenery, pubs and historic architecture, you could easily think yourself tucked away somewhere in the Cotswolds.
Speaking of greenery, Hampstead Heath is also right on the doorstep, adding to the impression of being out in the English countryside. Yet it also has spectacular views across London’s unique skyline.
Another reason for the continued health of Highgate’s property market comes down to the fact that families are willing to pay more to be close to the best schools, and in this respect, Highgate has an embarrassment of riches.
St Aloysius RC College, Highgate School and St Michael’s C of E Primary School are just three examples of local educational establishments that are consistently praised by the Ofsted inspectors.
Leisure and nightlife
Highgate’s location is not just good news for commuters. It also means that anyone wanting a good night out can be amidst the buzz of Leicester Square, Covent Garden and the West End in a matter of minutes.
Alternatively, Highgate has options of its own on offer. Anyone wanting a quieter night out can choose from a wide range of fabulous restaurants and traditional pubs, right on the doorstep. The Red Lion and Sun is a local favourite, blending traditional pub values with high quality food. It also won the National award of Best Wine Pub last year.