Marc von Grundherr, Director of Benham & Reeves talks about how after several years of subdued house price growth, the recent General Election victory by the Conservatives has offered a sense of stability and greater confidence to property investors.
The latest Rightmove Index has just seen the biggest January rise on record, up 2.3% led by a surge in London prices. The fundamentals of London property continue to be strong, as prices have increased by a staggering 75% over the last decade. High prices have left many Londoners unable to buy and so demand for rental accommodation in the capital remains phenomenal. A third of Londoners rent and 60% are expected to rent by 2025.
Well-presented and accurately priced properties let within a couple of days with minimum voids. This is great news for landlords and will help them maximise their yields at a time when changes to tax legislation have presented some challenges.
Our 17 lettings branches are situated on-site at some of London’s most popular residential developments and so we are ideally positioned to offer tenants and landlords an unrivalled service. If you have a property to let in London, or would like a free no-obligation rental valuation of your property please contact us. For more London property market news and updates, subscribe to our newsletter.
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