The latest house price index from Rightmove shows that modest growth across London has pushed the average value to a new high of £650,000. In the past twelve months the average home in the capital has added just 0.9% to its price. Some areas have done much better than this though.
The Borough that recorded the best performance in the period is Barnet. House prices in the area have grown by 10%, pushing the average to £738,000. This has put the area leaps and bounds ahead of its competitors. The second placed Borough is Barking and Dagenham with growth of 5.8%.
Barnet has definitely become one of the most popular areas in the capital. It offers the perfect suburban feel whilst also providing a myriad of attractions and good transport links to the centre of the city. Peaceful, tree-lined streets are great for families and professionals who want to be able to get away from the hustle and bustle of the inner city.
The high demand is pushing prices up as can be seen in Rightmove’s house price index. The popularity is expected to continue, with more and more people opting for this suburban part of North London over established areas in more central areas.
At Finefair we have seen the continued rise in investor activity in the Borough over the years. We have been on hand to provide a wide array of services for these clients, offering everything from estate management in Barnet to marketing and even council leasing. We can arrange the perfect service to suit any requirements and always give clients confidence their properties are in the right hands.
With house prices continuing to rise it is no surprise that investors are looking to hold on to properties. Taking on tenants is a great way to make a good income whilst focusing on the long term. With a professional company like us handling the management you can also ensure the condition of the property is looked after.
If you have any questions about how we can provide such great value when providing estate management in Barnet please contact us.