London Remains A Big Draw For Landlords
23rd August 2021 posted in Landlords Tenants
The demand for rental property in the capital remains high, and this is something which means people want to let property in London. If you are looking to let property in London, Hunters Forest Hill is here for you.
Landlords love London
The research undertaken by yieldit suggests 54% of landlords, across the UK, are looking at London for their next investment. After this, the North West and North East of the country were most popular, with 24% each. Only 7% of landlords said they would invest in property in Wales.
Sophie Willis, head of aftersales from yieldit, said: “London has long been a hotspot for landlords and our latest insight shows that this isn’t changing any time soon. London’s young and transient population are keen to rent rather than buy and landlords can buy property in the capital safe in the knowledge that their investment is sound.”
Sophie continued by saying; “The northern regions haven’t fared quite as well, but with around a quarter of landlords saying they’d buy in the north-west or northeast, 13% looking at Yorkshire and 14% keen on Scotland, there is still plenty of appetite for rental property investments in this part of the country.”
Landlords choose to buy-to-rent close to where they stay
An interesting element of the findings is that landlords still tend to invest in property close to where they live. This makes sense for landlords who are keen to be hands-on in the role, but there is no need for every landlord to be like that.
Any property investor who is focused on the best return should consider rental yields and where they can make the most of their money. You will find good letting agents will manage your property on your behalf, allowing you to be as hands-on or as hands-off as you like. As you expect, Hunters Forest Hill is here to help you if you are looking for a local agent to manage your property in and around Forest Hill.
In the capital, 98% of landlords based in London said they would look to buy-to-let in the capital. However, 18% of respondents said they would consider buying-to-let in the North West of the country, and 27% would consider the rental market in East Anglia.
30% of landlords currently based in the North West of the country would consider investing in London. If this is something that appeals to you, we are on hand to assist you, so get in touch.
Sophie Willis also said; “Landlords are spotting rental opportunities all over the country and it’s encouraging to see so many landlords looking to branch into new regions. This is a modern way of approaching rental property purchases but one I predict will only grow in popularity as the rise of remote working drives more renters out of the big cities hunting for a more relaxed, suburban lifestyle.”
At Hunters Forest Hill, we know selling property is challenging, but we are here to assist you in the process. If you aim to buy, sell, let your home or rent property, we are active in New Cross, Peckham, Dulwich and Brockley, in addition to Forest Hill, so get in touch with one of the top three agents in London, and we will be happy to assist you.