A recent review of central London’s prime lettings market by lettings specialist E J Harris has revealed international tenants to be dominating the top end of the market. The firm has used information from its own client database, local market intelligence and wider industry figures to produce a detailed and informative guide on tenant profiles, popular addresses and typical property sizes for varied rental price brands found across the sector. Continue reading
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Basements can affect property values
Living space in London is limited, and developers have had to come up with cutting edge property designs to get around this problem. One trend that has arisen over recent years is for owners to have huge basements excavated below their homes. This kind of project can boost the amount of living space in a home substantially and add a lot of value in the process. Continue reading
Another example of the demand for properties in London
Over the last two years there has been huge competition in London to buy properties in new developments, particularly when the homes are valued at less than £300,000. The high level of demand has even seen people queuing overnight the day before homes go on the market so they can secure one. This happened at Waterside in Hayes and Canary Wharf’s Harbour Central. Continue reading
Enabling council leasing for Hillingdon properties
If you own an investment property in the London Borough of Hillingdon and are in search of ways to use it productively while saving time on day to day management tasks, council leasing could be an excellent option for you. The process of letting a property through the local council makes life simpler for landlords, making it a great choice for those who have multiple properties or other business to deal with and want to save time. Continue reading
Havering is set to benefit from new developments
We all know that many areas of London have experienced dramatic improvements in recent years, leading to rapid developments in the property market in many parts of the capital. As various areas of London undergo regeneration and the Crossrail development continues, property prices have risen in certain pockets of the capitals, leading to small clusters of prime property in areas which were previously better known for lower-value properties. Continue reading
Affordable investments in the capital
Many people believe that the London property market is reserved purely for the wealthy and those with access to substantial funding. The press usually only report on the London property market when a major, multi-million pound deal has been brokered. It is not accurate, however, to assume that all London property deals feature huge sums. Continue reading
The pace of rental growth in London
Rents in London continue to rise at a rapid rate, offering many benefits for investors looking to earn big returns on their money. According to Homelet, in the months leading up to October this year rental rates had risen by 7.5%, taking the average monthly price for a property to £1,560. Both of these figures are impressive when viewed alongside the averages for the whole of the UK in the same period; 3.5% and £749 respectively. Continue reading
A successful private rental sector is enabling portfolio expansion
Continual change in London’s property market has led to an increasing number of residents renting privately. The last 12 months alone have seen the addition of 150,000 households to the private rental sector. The combination of ongoing capital appreciation and rising numbers of renters have raised the value of the private rental market, and strong returns have encouraged further investment into the sector to support the growth. Continue reading
Investing in a buy to let property in Dalston
Dalston, in the London Borough of Hackney, has gained a reputation over the past few years as the location of choice for young creatives and professionals looking for a base in the city. The district has undergone extensive regeneration over the past decade, particularly in the run up to the 2012 Olympics, as Hackney was one of the host boroughs for the Games. Prices have risen, but are still not as high as many other areas of the capital, making it an attractive prospect both for renters and for investors looking for an affordable and productive buy-to-let property to add to their portfolio. Continue reading
Haggling can help you pay less for investment homes
New research by Which? Mortgage Advisors has revealed that a large proportion of potential property buyers are prepared to haggle on price, and in many cases are saving money as a result. The survey asked many people who had purchased property in the past five years about the details of their transaction, including the initial offer they made, whether or not they negotiated and the figure they eventually paid. Continue reading
