It’s well known that property prices in London are the highest in the United Kingdom, partly due to the demand for rental properties, homes and business premises in the capital. However, a recently proposed mansion tax could mean that owning a large expensive property could be more costly than first anticipated.
Is it still worth investing in London property?
When it comes to investing your money in the property market in Sutton, Greenwich, Ealing and all other areas of London, there are a lot of decisions to be made and a lot of factors which need to be considered. With all this is mind, it’s no wonder that investors are worried about the prospects of committing to the city.
Getting the most from property viewings
Viewing a property is a good way to get an idea of what it has to offer and its general condition, but many people rush through and don’t take the time to maximise the opportunity. Whenever you get a chance to look around you should take care and get as full a picture of the building as you can.
Helping investors with buy-to-let
As a lettings agent and property management specialist based in London, we are here to offer you all the help you need when it comes to making the most of your buy-to-let property. If you’re considering investing in a buy-to-let in London or any other part of the UK and want advice, practical help and guidance, you can always turn to us for the assistance you need.
Buy to let properties are more in demand than ever
Interest in buy-to-let properties in Redbridge, Kensington and Chelsea, Westminster and the rest of London continues to rise with every passing month. The growth in the number of private rentals continues, and there appears to be no shortage for a demand for space to live, especially in London. Letting your property has never been a more attractive prospect. For those landlords who do have property within the city, there is certainly no shortage of potential tenants.
The changing face of buy-to-let
Buy to let has evolved a great deal since its inception in 1996, when specialist landlord loans became available to help investors obtain buy-to-let mortgages. 18 years later, the rental sector has grown substantially, with many more people finding the financial support they need to make a property investment with the aim of letting. Before lenders adopted a new approach buyers struggled to find the finances for rentals. The finance available was poorly suited to their needs and expensive, leaving people with very few options. It also made it incredibly difficult for buyers to build a portfolio of properties.
Now is the perfect time to invest
When it comes to real estate investment, Lewisham and other areas of London are among the hottest areas to invest in. The global market has swollen over the past year and in London, the jump in investments is certainly being felt. In fact, in concerns to property investments, London experienced a huge 40.5% jump in interest. This significant boost in interest sees London ready, willing and able to take the top spot for global property investment from New York. London is very quickly closing the gap.
London overtakes Hong Kong
Until recently Hong Kong was the most expensive area of the world to live in according to property prices. Properties came in at an amazing £1,950 per square foot but London has set a new world record with prices reaching the £2,000 mark for the first time in history.
Rental properties in London are highly desired
The property market in Lambeth, Islington, Kensington and Chelsea and the rest of London is one of the strongest in the world, with interest from both home and overseas driving demand to new heights.
Rental properties are getting snapped up particularly quickly with houses now spending less time on the market before being occupied. Supply is struggling to keep up with the demand, leading to huge competition and driving monthly prices up. Rents are reported to be up by 9% year on year in comparison to 2013.
Why should I choose guaranteed rent?
We have an in depth understanding of the pressures and worries facing landlords, which is why we aim to remove the strain of owning rental properties with our fantastic guaranteed rent service. If you are concerned about receiving your rent on time and are looking for a solution, read on to find out why this could be the right choice for you.
