Despite Brexit, London remains one of the most prosperous cities in the world, and buying property here is still a lucrative investment. Despite some predictions of a property market crash, prices have actually continued to rise in recent months. If you’re looking for a property investment that will give you a good return on your money, London is still the place to be.
Here are some of the reasons why buying property in London is still a wise decision.
1. Consistent demand.
For many people, London is the city that never sleeps. It’s a place where you can find endless opportunities for entertainment, dining, and nightlife. It’s also a place where you can find yourself quickly overwhelmed by the fast pace of life. For these reasons, it’s not surprising that London has long been seen as a rite of passage for young people.
For many, buying property in London is a way to experience all that the city has to offer before settling down in a quieter area. While the cost of living in London can be high, it’s often worth it for the experience of a lifetime.
2. High demand for rental properties is a lucrative investment for property owners.
Goodlord’s data is encouraging for landlords in Greater London, as it suggests that void periods are shorter than the average for England as a whole. This is despite the fact that February 2021 was during the third national lockdown, when restrictions were at some of their most stringent.
The data therefore suggests that the demand for rental properties in Greater London is high, even during times of lockdown. This is good news for landlords, as it means they are less likely to experience long void periods. It also suggests that there is a consistent demand for rental properties in the capital, which helps to keep void periods at bay.
3. Potential of gaining a healthy return on investment.
Rental yields in London are typically lower than in other parts of the UK because of the higher initial buy-in costs. However, capital gains can be much more significant because of the capital’s ever-rising house prices. There are also parts of the capital where higher yields are on offer as a result of more affordable purchase prices.
For investors looking to maximise their return on investment, it is important to research the different areas of London in order to find the best possible deal. With careful planning and a willingness to take on a little extra risk, it is possible to make a healthy return from investing in London property.
4. Take advantage of regeneration.
Anyone who has ever invested in property knows that location is everything. But what happens when a once-unthinkable location suddenly becomes the hot new spot for renters? For investors who are willing to take a risk, these situations can offer a big payoff.
In London, there are always new areas on the rise, thanks to regeneration projects and other forms of investment. And with the city’s recent resilience in the face of economic downturns, it’s no wonder that London is one of the most popular rental markets in the world. For landlords who are looking for a high-return investment, London is definitely worth considering. With its endless entertainment options, diverse neighbourhoods and rich history, the city has something to offer everyone.
