It is unavoidably the case that in order to look forward you must first look back. Whilst we, as we’re sure you are, focus on making 2017 as successful as possible, it’s important to learn all we can from 2016. This is particularly true of the London property market.
A general overview shows that the property market in the capital remained surprisingly stable despite some flashpoints of potential volatility. The overall picture remains one of sustainable growth. There were, however, one or two key areas which outperformed expectations. One such area is Redbridge.
The surge in demand for property in the London Borough of Redbridge has come about from a number of driving factors. For the most part, however, the increased demand has been the result of improvements to commuter links. The night tube schedule and the Crossrail development are the most visible of these, but it should be noted that several initiatives are seeing stronger links between this Borough and the main business centres of the city.
As you’d perhaps expect, the increased demand for property in the area has had a significant and natural effect on values. It ranked as one of the top ten areas in the UK for property value increases, with the average market value rising by some 14.5%. This is outstanding news for those who own investment properties in Redbridge, in particular those seeking returns through guaranteed rent.
Redbridge is one of several areas within London where we have been of benefit to investors with our guaranteed rent services. As one of the first UK companies to offer this arrangement for property owners we’ve come to be regarded as experts in the field. Our status in this regard has been underlined by our preferred supplier status across the London Boroughs.
We all look forward to 2017 being a year marked by prosperity and success. Our team shall, as ever, be continuing to deliver the greatest property services available to ensure that our valued clients achieve this.