A CBRE study has shown that the prime central London property market is slower at the moment, with the real growth taking place in some of London’s outer boroughs. Southwark, Camden, Islington, Hackney and Newham are all areas expected to see at least 30% growth over the next decade.
Royal Docks is a thriving area of East London, generating a great deal of interest from investors and tenants alike. Location, transport links and high quality developments make the area increasingly popular, with the result that the Royal Docks housing market has grown substantially since 2011.
Most people selling property in London and the rest of the UK choose their estate agent carefully, and usually base their decision on the agent’s fees and valuation.
Some estate agents are trying to undercut the competition by offering staggeringly low rates, sometimes as low as 0.05%. While this rate seems attractive, it can often be a false economy that leaves sellers seriously out of pocket.
Many people buying and selling property in London and the rest of the UK worry about the possibility of their house transaction falling through.
The main causes of sales falling through are survey results and long chains, but these issues can usually be avoided if you choose an experienced estate agent and you’re prepared to compromise on minor issues.
Every day, countless people are viewing properties in London, hoping to make a sound investment or buy a dream home. It’s easy to get sidetracked by attractive features and overlook the essentials, but savvy buyers write down a list of their requirements and take it with them to help them stay focused.
Investors in London’s buy-to-let market can achieve great returns. Understanding yield and capital growth will help investors create sound business plans, while choosing the right area and the appropriate type of property will ensure that your property is let promptly and does not stand empty between tenancies.