Palace are not looking for players but a proven manager, who they can afford and they are thinner on the ground. Having a property in that area could be a swaying influence in taking or not taking the job. Just a possibility and it adds to the rumours site idea of Holloway taking the job...
It is a very good possibility, as I said, that he he owns a property in or around London from his days at QPR. At the peak of their career most players buy a property near to the club they are playing for. I read that as Liam Brady moved he bought a house near each club in such diverse...
Sees them as a better promotion prospect than Blackpool's aging side. Possibly has a property reasonably local having been at QPR. Easier commute to his Devon home.