3 Jan

Property hotspots identified by Halifax

Property hotspots identified by Halifax

A number of locations will outperform market expectations in 2008, helped chiefly by improvements to transport infrastructure, it has been claimed.

Halifax identified the property hotspots for a list of the top ten locations deemed likely to defy a downturn in the UK property market next year.

Among those included were Chatham and Dartford in Kent, as well as the London borough of Hackney, which could see "record price increases", according to the lender.

All three are set to benefit from planned improvements to transport links, with Hackney also set for extensive redevelopment ahead of the Olympic Games.

A similar effect will buoy up prices in the Scottish towns of Greenock, Paisley and Lochgelly, Colin Kemp, managing director of Halifax Estate Agents predicted.

He explained: "Those areas that are likely to record the biggest price gains will tend to be those with a combination of good transport links to a major conurbation and relatively low average prices.

"A number of areas will see a boost to prices as a result of significant infrastructure projects."

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