As more and more people are renting homes rather than purchasing them, there are many opportunities for property investors who want to let their investments. Over 15 per cent of all UK homes are now privately rented, and it is expected that in the next seven or eight years this will rise up to 20 per cent.
Targeting young professional tenants
In years gone by, it was traditional that a person starting out in their career would purchase a house. These days, young people and more and more likely to rent rather than buy, as they prefer the flexibility and ease that rental properties offer them. If you are looking for a buy to let property, it may be a sensible idea to target tenants such as young professionals looking for their first home.
Making a success out of your buy to let property
For many investors, buy to let seems like an attractive prospect, but if you’re thinking about purchasing a property to let it’s vital to do it in the right way. Here are our tips for optimising your chances of a successful buy to let investment.
A record breaking penthouse in London
The Clarges Mayfair development is set to add 34 more flats to the super-prime market in London. British Land, one of the largest developers in the UK, purchased the site in 2012 for just under £130 million. The location offers amazing views of Buckingham Palace and is within touching distance of both Hyde Park and Bond Street. The building is set to become one of the most valued addresses in London when construction is finished in 2017.
The housing market is growing in the capital
With the London property market continuing to grow, there have been many success stories. Some people have been making millions selling their London homes, making significant gains on their initial investment.
Support for the growing London rental market
Just under half of the population of London resides in rented accommodation, and those figures are expected to increase to such a point within the next ten years that they will exceed those of property owners. With our proficient and reliable property management service, the world of rental properties presents more appealing and attractive opportunities.
Potential benefits of private lettings
If you have a property which is unoccupied, whether you’re trying to find a tenant or you simply don’t have time to manage it, then it may be worth considering a private lettings service such as the one we offer. We specialise in private lettings, property management and block management and can help you with letting out your property privately.
Property management that protects your investment
The last 12 months have seen a staggering 20% increase in London property prices. In contrast the prices in the world of rental have only risen by 4 to 5%. This has resulted in an inevitably higher demand for rental accommodation rather than the pursuit of new property purchase.
Advice for buy-to-let investors
We’re one of the leading property and estate management companies in Hackney and the rest of London, and we specialise in helping investors who buy to let. Regardless of your experience, we’ll be able to ensure that your investment reaps rewards and that you’re completely satisfied with what you’re provided.
Where should you invest in London?
London is one of the best cities in the world to invest in properties because of the great prices and high demand. If you can find the right investment, or have the money to regenerate a property you can see great rewards from both rent and resale.
