Conditions within the UK housing market are currently changing day to day. After a smashing summer of high amounts of activity within the mortgage and remortgage lending sectors, things are starting to cool off. Transactions have slowed a great deal, remortgage has tapered off, and the city of London continues to see property lose value or at the very least remain idle. The rise of market towns just outside of London now highlights a new trend which is a rise in population in these areas with easy access to the capital city, but lying just outside the city limits.

Market towns are becoming the trendy spot to move to according to the latest research to surface regarding what areas are hot or not of the UK housing market. Cities sitting just outside the city limits are increasing in popularity and value as many are moving home and first time buyers are showing more interest in these cities around the city of London.

According to figures from Halifax, market towns are offering houses at £41,633, or 17% more than the average house found in surrounding counties. These houses are selling quickly and that means demand is rising. This demand is creating higher prices for these houses which are located within easy access of London.

The two most expensive market towns in which to buy property are currently Beaconsfield, where the average house is hitting the market at £1,053,975, and Henley on Thames, Southeast, where the average house price currently sits at £838,206.

For those seeking a more affordable house within a market town, Ferryhill, NorthEast offers houses with an average price tag of just £78,317.