If you are looking for your dream home in London you have probably thought about Ealing. With a nickname like the Queen of the Suburbs, it is easy to see why it is so popular. With more open space than inner London but good transport links and easy commuting, it ticks the boxes for many people. As the top guaranteed rent company Ealing has, we can help clients with assets all over the Borough. Continue reading
London has many noteworthy areas that stand out for one reason or another. But, few can compare to South Kensington. This is a location with stunning architecture, incredible homes, and iconic public buildings. The Victorian legacy here is impossible to miss. Not surprisingly, the area has some of the best investment properties Kensington can offer. These are often some of the most desirable assets in the whole of the UK. Continue reading
Finefair Ltd is a team that knows all about the property market in London. We appreciate that many people want to purchase assets in the city because of the potential for great returns. Our team is here to help these investors. We can provide management solutions, guaranteed rent, and more all over the city. This makes us one of the top names for managing investment properties Brent has.
While London is a hotspot for investments, it can cause some trouble with vacant properties. The latest data shows that there are over 29,000 long term empty homes in the city. These are properties that been without residents for over six months.
The issue is that a number of investors buy properties with no intention to live in them full time. Some choose them as summer or second homes. Others simply want to hold them until they rise in value so they can sell for a profit. In total, over £15billion of properties are vacant.
The trouble with so many investors targeting properties in London is it can make it harder for people to get on the property ladder. It can affect supply and also push up prices, causing a double affect. The latter can cause affordability problems too.
The highest number of vacant properties
According to the data, the City of London has the highest percentage of empty homes in the whole of Britain. In total 42 homes per 1,000 were vacant. The total was 276 with a value of over £215million.
One of the issues for the City of London is that it has a relatively small number of residential properties. The majority of buildings here are commercial with only a smaller amount of housing. As a result investors tend to snap up home. The rise in vacancies will also partly be because of the number of people who have moved away from the City because of COVID.
Quite surprisingly, Southwark is the top area in terms of the sheer number of long term vacancies and the total value. There are over 2,300 homes sitting empty in the Borough. The market value of these assets is over £1.24billion. It is quite a shock that the area tops both lists because it is not a traditional prime market.
The next noteworthy area is Camden. Here there are 1,445 long term vacant properties with a combined value in excess of £1.15billion.
Hackney rounds out the top three for vacancies. The Borough has 1,392 empty homes that have not had anyone living in them for six months or more. Together they are worth over £871million.
A huge rise
While it does not reach the same huge levels as the areas above, Brent has had a big problem with vacant properties. The total vacancies (1,029) and value (over £512million) may only give it 12th spot on the list. However, the shocking figure is that between 2019 and 2020 the number of vacancies grew by 206%. That is a huge issue.
The team to look after investment properties in Brent
Finefair Ltd is a team that can help to bring more homes back to the market. We can do this in a number of ways. Firstly, we can offer traditional letting and management services. Then, we can provide council leasing solutions. They can be a good option that helps council’s to get access to more properties. In return, it can guarantee the rental income for the owner.
Whatever you have in mind, we are one of the top teams for looking after investment properties Brent has. We can scale the services to suit any needs too, ensuring we can cater for large and small portfolios. We can even take care of blocks and estates.
So, if you need help, please speak to us today.
Tower Hamlets has become one of the most desirable parts of East London because it is home to Canary Wharf. This is one of the key business centres in the capital, rivalling the City itself. It is also an urban hub with lots of cafes, bars, and retail space. Not surprisingly, it has become a good spot for investors. At Finefair Ltd we provide support for clients who buy the investment property Tower Hamlets has to offer. We can arrange lettings, handle management, and more. Continue reading
At Finefair Ltd we support landlords looking to buy all kinds of different residential assets. This includes everything from family homes to flats, and even blocks or estates. London is a great spot because it has such a diverse housing mix. It can provide lots of opportunities for healthy returns too. We can help with this. In fact, we are the top council leasing company South London can offer. Working with us is an easy way to arrange a deal with a local authority. Continue reading
Finefair Ltd has put in the work to ensure we are the top council leasing company Greenwich can offer. As part of this, we have built a relationship with the local authority to ensure we can deliver a great service. We work to get to know their needs and what letting schemes they provide. Then we can give our clients the best advice. If you are a landlord with assets in the area, we would love to help you. Continue reading
Finefair Ltd is a team that helps landlords to earn healthy income from their assets. We offer a full range of services here, including different types of letting. This has helped us to become the top council leasing company Waltham Forest has. When you need help, we can support you. Continue reading
Finefair Ltd has given support to lots of landlords over the years. We have been especially supportive during the Covid-19 pandemic. Our goal has been to keep services as consistent as always and continue to take on new clients and get them all the benefits of rental guarantees. It has helped us to retain our place as the top source of advice about the guaranteed rent scheme Barnet offers. Continue reading
Finefair Ltd understands why many landlords want to guarantee their rent, especially with how things have been over the last 18 months. It has been a tough time for landlords and renters alike. But there are options that can offer security. We can help by arranging rental guarantees. In fact, we are the top guaranteed rent company Southwark has. Continue reading
Finefair Ltd is a top team able to offer a full range of services for properties in London. We are renowned for providing guaranteed rent, council leasing, and managing properties. In fact, for the latter we have become one of the best block management companies Newham has. We look after blocks with great care, adapting to make sure we tackle the unique challenges. Continue reading