Waltham Forest became a top spot for buyers

Finefair Ltd has been supporting investors for many years. As a result we have seen all kinds of changes and shocks to the market. There can be some huge challenges but even bigger opportunities. Our goal is to help clients to overcome the first and take advantage of the latter. At the same time we want them to have a stable service. This is why we are one of the top guaranteed rent companies Waltham Forest has.

Recession

guaranteed rentIn 2007/2008 there was a global credit crunch that had a huge impact on the housing markets and economies in many countries. In fact, it led to a recession that took around 5 years to climb out of.

The situation was caused by a huge growth in sub-prime mortgages in the US. Lenders were offering far too many of these high risk products and banks around the world began buying bundles of them. However, a rise in interest rates made it tricky for many people to keep up with payments. As more and more had to default, banks around the world found they had assets with little value. They also had issues with liquidity.

The impact of the recession was a fall in house prices, a huge drop in consumer and business confidence, and a decline in exports. Many countries had a lot of trouble and had to resort to austerity measures.

House price rebound

Guaranteed rent companies Waltham ForestIn the UK, house prices took a huge plunge during the credit crunch and recession. The average price fell as far as £155,701. In London the low point during the recession was £250,068.

It took several years for house prices to recover. However, there was an incredible boom afterwards. Since then the rise has been really impressive, even with declines more recently. The headline figures are that the UK as a whole is 27% above the pre-recession peak. This puts the average at over £240,000. The rise in London has been even higher, up 96% on the recession low.

A popular spot

Waltham Forest has become one of the most noteworthy spots since the recovery. The current average price is an amazing 118% higher than the low point they hit in 2009. They are also an impressive 97% more than the peak in 2007. That shows that homes in this part of London are a highly desirable investment.

Guaranteed rent companies in Waltham Forest

Finefair Ltd appreciates why many people are now targeting suburban spots outside of Central London. There are plenty of great locations like Waltham Forest where prices are rising and demand is high. These spots could be perfect for investments as the likelihood for rises in the future is even better.

If you are thinking of investing, we can help. In fact, we offer a number of great services including private letting, council leasing, and management. Some investors will choose one or a combination of these. We would love to help them.

One of the services we urge landlords to consider is guaranteed rent. It can be very useful and protect their interests if they have any concerns about voids. We have a lot of happy clients who rely on this service.

So, if you want to learn more or would like to start working with one of the best guaranteed rent companies Waltham Forest has, contact us. We can tell you more about how it works and talk about our other services. In the end, you will be able to choose the right options for you.