London Property News

News at 10 at Callum Roberts

Author: Callum Roberts Wednesday, 6 March 2013


One in eight homeowners (12%) plan to become landlords more permanently after initially being forced to rent out their unsold properties.

 The 'Buy to Let' market is going up, with more home owners (previous owner occupiers) becoming landlords, which is giving them a alternative income. 

Right Move has found that the accidental landlord is investing in their second property this year, 3 in 4 professional landlords added that they intend to buy more rental properties while 1 in 6 tenants are not interested in buying,  in turn,  making the rental market go up.

Bloomsbury is in full flow this Spring, with the adjacent area of  Farringdon booming (thanks in part to the cross rail development ).We are experiencing an influx of foreign investors who have copious amounts of cash.  

ITN News at 10 has recently reported  that most areas in England have experienced a drop in prices achieved (since 2007) but the survey that they conducted showed that prices in London have risen in the same period by 26.1%.

The London property market as a whole, has out performed some of the world’s busiest cities such as New York and Paris.   

This is excellent news for anyone looking to move into London and whilst the prices may not rise at the same rate as they have done in the past 18 months, partly due to the influx of new developments in the pipeline, the signs are that residential  prices in Holborn and Farringdon  will continue to grow.

24% more agents have predicted that property sales will increase rather than decrease over the next three months heading for a successful year in the property market. 
 

This may have a positive effect on prices not only in London, but also for the rest of the country also. 

We feel that the future in property is bright. 


Labels:

More Property News...

Find out the current market value for your home:
Call +44 (0)20 7242 9977 visit our office
or request a valuation online