New research conducted by Barclays wealth and investments reveals that the future is bright for house prices in London. The data claims that by 2021 the average rise will be 11.88%. This is far ahead of the 6.1% that is predicted for the national average.
The expected average increase in house prices per year also looks good for London. According to the data the homes in the capital will rise in value by 2.27% per year. The growth across the UK as a whole will be slightly behind at 1.31%. The closest region to the performance of the capital is the East of England at 1.81% per annum.
Looking by individual area gives investors targeting the capital even more cause for positivity. If the figures are accurate and come to pass as expected the highest growth area in the whole of the UK will be in London. In the period from 2017-2021 Richmond Upon Thames is expected to see prices rise by 39.1%. Camden, Westminster and Wandsworth will all also see growth over 30%.
The driving force behind the expected rises in prices in the above Boroughs is believed to be the increase in job opportunities, commuter links, and demand for homes. This combination of factors would result in huge growth in prices, especially if housing supply remains restricted.
At Finefair we understand the myriad of factors that attract people to purchase homes in Richmond Upon Thames, whether they are owner occupiers or investors. We have worked in the area for a number of years and have seen it grow in popularity. With further infrastructure improvements in particular more people will be looking to live in areas like this family friendly Borough that offers a lot of open space.
The range of services we can offer to clients is extensive. One of them is block management in Richmond Upon Thames. According to the research from Barclays the average investor from London owns four properties. We can manage these portfolios effectively, ensuring all assets are properly cared for and maximising the value.
If you would like any advice from us please get in touch.