Finefair Ltd is a company that wants to be there to help landlords with all of their needs. We can offer a bespoke service that includes everything from lettings to guaranteed rent. In addition we are the top name for property management Merton has. Whatever buy to let assets you have, we can manage them for you.
A tough rental market
Almost every industry has taken a hit because of coronavirus. However, landlords have had a particularly hard time. There have been some glimmers of hope but some issues too. In London one of the concerns is that many people are re-evaluating whether they need to move to the city. In fact it is less likely with things like remote working. This has had an impact on demand.
The latest research from a London letting agent shows how challenging the period has been. Their figures say that average rents and yields have declined in the capital since December. There have been falls in both in many Boroughs.
Some areas buck the trend
While overall there have been declines, some areas are proving to still be very strong spots for renting. Merton is one location on this list. In fact the data says that the average rent here is actually up by 7.2%. Only one area had better performance; Lambeth saw an 8.8% increase. Ealing also did well with the same growth as Merton.
The performance for Merton is quite impressive and shows that it is a location where people still want to rent. There could be many reasons for this, including the fact it is a rather peaceful suburb. Mitcham is a great spot for families, whereas Wimbledon is lively and more cosmopolitan. There are also good transport links, great schools, and lots of culture.
Investors would do well to target Merton because there are so many things to keep renters interested. The performance could continue well into the future. Quality homes can also be in very high demand when The Championships takes place at Wimbledon and people come to see world class tennis.
Property management in Merton that works for you
Finefair Ltd appreciates that some landlords will be having a tough time at the moment. We would love to help. Our team can look after your assets, offering cost effective solutions every time. On top of this we can arrange things like council leasing if you want assurances on your rent. It could be a great comfort in the current climate.
So, if you want to talk to an expert about property management, Merton has nobody better. We can also answer any questions you have about our other services, including guaranteed rent. Simply contact us.