Last weekend celebrated the 2017 London Marathon, seeing thousands of competitors from all around the world take to the iconic course. There were plenty of headlines with Mary Keitany winning her third title and breaking the women’s only world record in the process. Her time of 2 hours, 17 minutes and 1 second is the fastest by a woman since the genders started racing separately.
In the men’s race Daniel Wanjiru won his first London Marathon title with a time of 2 hours, 5 minutes and 48 seconds. He beat the overwhelming favourite Kenenisa Bekele by just five seconds, brilliantly holding him off to take the honours.
The wheelchair race saw David Weir set another new record by taking victory. The result took his total to 7 London Marathon wins, surpassing the six titles won by Tanni Grey-Thompson. The win was hard fought though; just one second separated first and second following a sprint finish. The winning time was 1 hour 31 minutes and 6 seconds.
Whilst enjoying the event it was also a good opportunity to take a look at the property market in each area along the route. According to Emoov the average price of a home on the route has risen to £695,225. Woolwich has the cheapest prices with an average of £328,866 whilst St. James remains the most valuable area at £1.6 million.
There has been good growth in a number of the areas on the route in the past year. Greenwich is the winner with JLL suggesting the increases were over 21%. The Isle of Dog’s saw 9% growth.
Some areas saw more modest growth. St. James was just 3% and the City of London remained flat. The figures tell the story of the market in London and showcase how more buyers are looking at less established areas for investment opportunities.
At Finefair we provide a wide array of services across the whole of London. One of these is guaranteed rent in the City of London. With the growth being flat it could be a great time to choose a service where the rental income on properties is guaranteed for a spell of time. This gives time for the market to change and demand to return, pushing prices back up.