There has been much talk recently about how London landlords are apparently being deterred from investing in the capital – or are even deciding to end their involvement in the city altogether – due to continued high property prices and stamp duty costs. But is this the reality?
The picture doesn’t seem quite as simple as that, if one new set of figures is to be believed. Indeed, in the second quarter of 2018, London may have actually resumed its status as the most popular area of the UK for buy-to-let investment, as shown by a new analysis undertaken by Commercial Trust.
What do the figures say?
The specialist mortgage firm said that 15.34% of its applications for buy-to-let mortgages during the April to June period were for properties in London, placing the South East in the shade, with 13.76%. The North West also fared well, however, recording an 11.11% share.
Nonetheless, London’s performance is especially notable, not least because the capital also saw 8.97% more buy-to-let completions in the second quarter than in the first three months of 2018. This made the second quarter the first quarter in which London enjoyed the largest share in the broker’s completions – at 15.79% – since the third quarter of last year.
The company was also able to report on a significant jump in its overall business during the April to June period, racking up 32.17% greater volume than was seen in 2017’s corresponding quarter.
The one inventory company in London that you need to know
Commercial Trust chief executive Andrew Turner was encouraged by the news of London’s revival in the national buy-to-let sector, declaring that while “the London market has slowed of late, I hope our findings may reflect a sign of recovery in investment in the city.”
However, you are likely to be much more confident to make such an investment if you also feel that you have the right inventory company in London by your side. Yellow Oak Inventories LTD can be that company, providing you with the inventory, check in, check out and inspection services that will give you the utmost peace of mind as to the condition of your investment.
Enquire now, by calling 020 3713 4933 or emailing firstname.lastname@example.org, to learn more about our know-how and experience as an inventory company in London that could empower you to put both faith and money into the capital’s resurgent property market.