Medway has been named as one of the nation’s property hotspots, due to the high demand for homes to buy.

The Towns have been listed fifth on the National Hotspots Index after 63% of properties put on the market in the last three months were sold. Zoopla Leaflet cropTop of the list, produced by online estate agent eMoov, was Bexley, where more than 70% of properties put on the market between January and March were snapped up, putting it at number one for the seventh time.

Houses are being snapped up quickly. Stock image

Other areas making it on the list for the first time were Ipswich, Watford and Milton Keynes, which, along with Medway, have been labelled London’s ‘satellite regions’.

Journey times to the capital can be as little as 35 minutes on the High Speed service from Strood.

Russell Quirk, founder of eMoov, said: “In the last year, we’ve seen a mass exodus from the expensive London heartland to more affordable climes.”

House prices in Medway have risen sharply.

The average price of a semi-detached in Gillingham is £247,000 – a rise of more than 10% over the last 12 months. A terrace property rose almost 5% to £180,000. But the number of properties on the market is falling.

In March this year, there were 139 homes for sale, compared to 164 in March 2014 and 301 in March 2011.

http://www.kentonline.co.uk/medway/news/towns-in-property-hotspot-league-95573/