Time to invest in London property - Buy To Let - News - Moneyfacts

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Time to invest in London property

Time to invest in London property

Category: Buy To Let

Updated: 17/10/2012
First Published: 17/10/2012

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The London housing market provides a golden opportunity for buy-to-let investors, with large increases in demand for housing over the next decade and beyond not being matched by a rise in supply.

According to research by the property consultants and chartered surveyors group Cluttons, unprecedented demand for housing in London is pushing up prices and rents.

The average rent in London rose by 4.9% in the 12 months to August, hitting a high of £1,074 per month, according to data from LSL Property Services.

The report also said that employment growth in the capital will be restricted because of the lack of affordable housing.

"Decision makers have to question whether London's potential to maintain its position as a world city is being curtailed by such a limited supply of housing stock. The answer can only be yes," said Julian Briant, head of residential consultancy division, Cluttons.

"Despite this, a growing and vibrant London offers a wide range of residential opportunities for both investors and developers.

"Small private landlords will continue to play an important role in the capital, including creating more units from the existing stock."

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