As London renters have moved out of the central area, high-priced properties such as Purley and Coulsdon are in high demand.
Rightmove data shows a significant increase in property searches around London.
Coulsdon saw an increase of 228 percent in demand over a year ago. Purley saw a rise of 115 percent.
According to estate agents, a two-bedroom apartment in the area costs between PS1,200 & PS1,300 per month.
However, some renters were forced to make offers higher than the asking price in times when the market was most competitive.
A Coulsdon estate agent said that demand rose after the Covid-19 lockdowns. Renters were looking for the best of both worlds. The area has easy access to the countryside, and only 20 minutes from central London.
He said that he wasn’t sure how the market would react to the uncertainty and cost of living in the future.
Mario Creatura, a local councillor for eight years, said that he wasn’t surprised people moved to Coulsdon, London, from other parts of London.
He stated that it didn’t surprise him at all that Coulsdon has seen a surge in demand for housing. It’s a beautiful part of the globe. We are close to the North Downs and have excellent connections to London.
“I think people looking for a house or flat, or even a couple to raise a family, would love what’s available in Coulsdon.
“We have a wonderful high street, with independent shops and excellent transport connections. This is why so many people have lived in Coulsdon for years.
