Owning a London rental property can be an excellent way to make a steady and reliable income, particularly if you are able to invest in a popular area of London where there is high demand for homes to rent. However, in order to make a success of your venture, keep your property in great condition and ensure the rental income keeps arriving regularly, it is important that you take the time to find reliable, high quality tenants. Continue reading
Author Archives: admin
Luxury lettings are becoming more popular
Estate agency Knight Frank recently reported a significant rise in the number of people choosing to rent London properties valued at over £10 million. The trend has continued since 2011, more than doubling in those five years. In the year leading up to March 2016 the number rose by a third, showing that it is currently a growing market. Continue reading
Low prices in a vibrant community
Harlesden is emerging as one of London’s most promising areas, and like many parts of the capital, it has certainly evolved substantially over the past couple of decades. It’s not one of the most fashionable parts of the capital and has previously had a reputation as a shabby and run-down area, but it has charm and character in spades, and the relative lack of gentrification has kept prices realistic. This means there are plenty of potential opportunities here for landlords and tenants in search of more affordable properties in interesting areas. Continue reading
Bexley is officially London’s most affordable area
Reports have shown that the average price of a property in the London Borough of Bexley is over £200,000 cheaper than the average across the whole of London, making this the most affordable area of the entire capital. Over the first three months of this year, 72% of the properties placed on the market in Bexley were sold, reflecting the high demand for homes and investment properties here. Continue reading
The changing nature of property values
If you follow news reports on the London property market, you will no doubt have seen some stories suggesting that the market is a bubble which is likely to burst soon. However, from our point of view, London’s investment property market is currently very healthy and shall continue to offer excellent opportunities for investors for quite some time to come. Continue reading
The East End continues to gain ground
In the year leading up to March 2016, property prices went up by 1.9% across London, according to the latest figures from real estate and investment specialists JLL. In that period the east of the capital had the highest growth, with prices up an impressive 7%. This shows a continuation of the rise in East London’s popularity and reflects high demand for homes across the area. Continue reading
Adding value to your portfolio
If you are an investor looking to make a profit by improving and selling or letting properties, there are several possible steps you can take to boost your prospects of success. Firstly, it is important to ensure that the structure is in the best possible condition. Tenants will want a home that is sound and buyers will be looking out for issues they will need to pay to have fixed. Making even minor improvements could potentially give your profits a major boost. Continue reading
Is London low on space for new properties?
Reports have been released which state that London needs around 50,000 new homes each year to accommodate all its new and existing residents, but only around 24,000 are planned for construction on an annual basis. The implication of this is that London simply doesn’t have the space for any more housing, but in reality it seems that there is actually plenty of possibilities for London to keep expanding. Continue reading
Our top tips for a successful investment
The start of the new tax year brought some important changes for prospective landlords to be aware of. Firstly a new surcharge on purchases of investment properties was introduced, adding 3% to the cost. A reduction in tax reliefs was also announced. From next year it will no longer be possible to offset all of the interest on mortgages against the tax bill, resulting in rising costs. Lending controls also are expected in order to even the playing field for first time buyers. Continue reading
Merging associations will provide housing opportunities
Merger talks between three of the largest housing associations in London took place earlier this month. L&Q, Hyde Group and East Thames collectively own and manage approximately 140,000 homes in the capital. The move would create a huge association worth an estimated £30 billion if it goes forward. Continue reading