Kingston named the most recession-proof area in London and the UK
By Eli Haidari
25th Jul 2022 | Local News
A recent study has named Kingston upon Thames as the top location for recession-busting houses across England and Wales.
Buying your first home, and indeed homes later down the line, is always a stressful experience which is why Londoners rely on experts to name the best, most economically stable places to live.
Proportunity, is a company working to do just that, using innovative techniques to make property ownership more accessible for all.
After analysing millions of property points, Proportunity, assembled a list based on characteristics shared by neighbourhoods which have fared well in past recessions, such as low housing supply in affluent areas, high number of older properties, greater proportion of millennials, homes that are larger than the average size and frequently used train stations.
Kingston upon Thames topped the list followed by Haringey and Harrow. The three areas shared qualities including good schools for both primary and secondary school-aged children, convenient commute times into central London and green spaces.
Crime rates and affordable homes also contribute to the desirability of each area.
Speaking to Time Out magazine, Vladim Toader, co-founder and CEO of Proportunity said: "Knowing the characteristics that make homes more likely to retain their value and the top areas of resilience is a simple way to protect your purchase, our list is an extra layer of security for potential homeowners."
Proportunity's top ten places for recession-proof homes in England and Wales:
- Kingston upon Thames
- Haringey
- Harrow
- South Gloucestershire
- Luton
- Bracknell Forest
- Borxbourne
- Derby
- Rugby
- Portsmouth
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