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Thames Valley Sees Residential Development Boom

LONDON-The Thames Valley and Southern Cotswolds has become the fastest growing region outside London for new houses and apartments according to a report from agent Knight Frank.

By Steve Killick | Updated on May 08, 2001

LONDON-The Thames Valley and Southern Cotswolds have become the fastest growing region outside London for new houses and apartments according to a report from agent Knight Frank.

‘A dynamic local economy and more flexible working patterns has produced a vibrant property market throught the region,’ says Richard Thomas of Knight Frank’s southern residential development team. The housing boom in what is known as the UK’s ‘Silicon Valley’ has had significant spin-offs in established centres such as Oxford and Newbury as well as dramatically improving less fashionable towns like Reading and Swindon.

‘Despite the jitters running through the IT market the residential investment market in Reading remains particularly strong with people scrambling to rent and buy,’ says Thomas. A high level of staff relocations have taken place for jobs at Prudential, British Gas and Thames Water, which has further boosted demand.

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