Preparing for old age and retirement is important, and for many investors, buy-to-let property offers the prospect of security. If you own a rental property, it could be a source of regular income for you when you are no longer working, particularly if you own a property in a sought after area of the capital such as Islington.
London leads the way in buy-to-let properties, and homes in London have the possibility of earning an excellent profit, making them smart investments. A survey conducted by OnePoll for Barclays indicated that three-quarters of property owners are looking to ensure they have money for their retirement, as well as to supplement rising university fees. Over half of the buy-to-let properties purchased in London are council and ex-council flats, highlighting the need for accommodation in London beyond the traditional housing.
There is a large number of businesses in London, meaning that young professionals looking to relocate need a place to live. Given how the average rent in London stands at £1,900, buy-to-let can certainly bring in a decent income for those who invest intelligently. Two-thirds of buy-to-let property owners describe the market as buoyant, with only one in ten planning to sell on the property, despite tax relief cuts. Whilst many property owners prefer to manage the property themselves, our team can offer expert property and estate management in Islington and throughout the rest of London, saving you time and alleviating the stress of day to day management.
With the vibrant property market in the capital, it’s easy to see why buy-to-let is growing significantly in popularity. With our help, investors from all walks of life can benefit from professional and attentive management, no matter what kind of property they own. We can also provide guaranteed rent, ensuring that you receive a constant income from your property with minimal hassle.