The London rental market has experienced yet another brilliant month, with rental values rising by more than 4%.
From an investors perspective, the observation of demographic changes makes interesting research. The rental market remains strong as many of the millennial generation choose to rent as their job requires mobility.
According to research from JLL, August – September saw a 49% increase in tenancies starting in June and July, and on average, saw 3.3 new tenancies beginning everyday.
The good news for buy-to-let investors continues as tenancies are tending to be agreed within hours of the property coming to the market.
Price of an average property in London has increased by 44% since 2008
Fastest growing London borough – Croydon
House prices in Croydon have increased by:
320% in 20 years
35% in 5 years
11% in 12 months
The average property price in Croydon – £300,000
Inspired Homes start at – £234,950
To find out more, please contact Inspired Homes on 020 7495 0523.