There’s been an increase in the number of reports which suggest that the London property market is experiencing a bit of a slowdown. In some areas this has indeed been the case, with a number of factors combining to bring about a slight fall in the level of anticipated growth. Most of these factors are well known, with the most immediate being people waiting to see how revised Stamp Duty fees will affect property valuations.
It is, however, incorrect to say that a slowdown is affecting the whole of the property market in the capital. In key areas of the city property valuation growth has remained consistent, with higher increases reported in one or two of the Boroughs. This is due, for the most part, to high levels of demand for residential property in London far outweighing any other concerns. A perfect example of this can be found in Bexley.
The Borough of Bexley has always been popular with city workers, being as it is some 25 minutes away from the main business district. This is something that will not change, irrespective of changes to property taxation or any other matter which might affect life in the capital. As a result, property values have increased by nearly 6.5% over the last year. This bucks the national trend, yet remains consistent with the growth levels experienced over the last five years.
As London’s leading name for property management in Bexley, we know the area very well. The Borough provides an outstanding quality of life for both families and for professionals working in the city centre. With renting and lease agreements being the most preferred way for those looking to live in the area, the Borough offers considerable spoke for investors to attract a significant yield on investment.
We’re as passionate about property as we are about making sure our valued clients experience the highest levels of success. This is what makes us the most trusted name for professional property management in Bexley.
If you have an existing property portfolio in the Borough or are looking at making an investment in the area give us a call. One of our expert property team will be delighted to discuss what we can do for you.