Camden remains a popular area for property investment according to figures released by the Office of National Statistics (ONS) in the middle of August. Between January and April prices decreased with some fearing this was evidence that the property market bubble was about to burst. Since April though, values have begun to rise again. In June the growth was an impressive 4%.
Perhaps more importantly than the monthly changes is the comparison with 2016’s figures. In comparison to June 2016 house prices were up a healthy 8.13%. This shows that the Borough is still very popular and on a good footing since the Brexit vote, particularly when the whole of London only saw a 2.9% rise in the same period.
Interestingly June 2017 also saw a rise in buy to let activity according to the Council of Mortgage Lenders. They claim to have seen a 3% rise in borrowing, taking the total to £3 billion or the equivalent of 19,700 loans. With rents rising slightly it shows there is still some good opportunities on offer for investors.
The figures all show that the property market in Camden remains strong and buoyant. The same can be said of the rest of the capital and across the UK. Professional buyers are now looking ahead to see if the market will firm up in September.
At Finefair we have established ourselves as the most informative and engaging lettings agent Camden has to offer. We take care to monitor the market and ensure we can provide the best service for each and every client. When we create a service we can tailor it to suit any needs, offering comprehensive solutions or those with unique, individual elements.
If you would like assistance from a very talented team please get in touch with us. We strive to provide the best value for money and build long-lasting relationships. This approach helps to make investing in property a smoother process.