Demand across London’s rental market has grown stronger throughout August and September, as political uncertainty prompted the sales market to stall temporarily in prime London.
Despite confusion post-Brexit, the number of tenancies agreed in the three months to August rose 15.7% and marks the highest on record for the month, according to the latest index from real estate firm Knight Frank.
The same data also showed how the number of new prospective tenants and viewings rose by 5.5% and 21.7%, highlighting that London certainly hasn’t lost its appeal.
This data suggests that now is not only a brilliant time for first-time buyers to buy a property with rental demand rising, resulting in higher prices, but also that now is the perfect time for landlords to increase their portfolio.
Have you heard about Inspired?
At Inspired, we offer unique investment opportunities as our product targets a section of the market which is largely neglected in London…First-time buyers!
We use permitted development rights to convert tired offices into beautiful new apartments, bringing them to market with a starting price of £235,000.
Our London homes are therefore not only perfect for first-time buyers, but make brilliant investment opportunities with little risk in comparison to most other buy-to-let properties across the capital.
Furthermore, all of our London studios and apartments come fitted out with the latest home technologies and designer appliances, however, we also offer a bespoke interior design service to ensure you move into the perfect home and also achieve the highest rental yield if renting the property out.
To speak to our experienced team, please call 0208 688 6552