Local Knowledge - London

Can someone please update me on the rental market in and around London.

any parts in particular?

central london has picked up greatly due to the healthier city employment market. starting to see some rental growth as well as reduced vacancy rates.

hope this helps.

tom

I live in central London and I have noticed roughly what Tom mentioned. Speaking with agents, the corporate lettngs market has seen a lot more activity of late driven by as you say the 'healthier city employment market'.

I have not actually noticed much rental growth but then again I don't think people are being so beaten up on prices from the outset i.e. the tenant has less bargaining power!

The most interesting development has been around prices which have dropped 5-10%.

I am less familiar with the market outside of central London so perhaps someone else can shed some light.

Julian

Hi. Thanks for the in put on London. this is just the sort of information that we all need, thanks again David

David, try looking at Kingsbury, NW London... I think it is seriously undervalued, and considering its only 3 stops to Baker St on tube I think its perfect for investment! Where else in London can you pick up a 5 bed townhouse for £370,000?

Hope this helps.

Neil

Neil , Thanks for your input Dave

No worries Dave.

Also check out Peckham, it is very 'up and coming' lots of value for money there too. :-)

Hi David,

Would have to agree with others - rental market in London looking strong as ever. The trpo (time of rent to buy) is still near record highs making renting as attractive as ever! May have some good data on this should you still need it - I could forward it on.

Hope this helps

Friend of mine hoping for £260k on 2 bed flat in Crouch End just sold for £235k.

Proves there are bargains to be had out there right now.

I would check out plumstead SE18. Borough of Greenwich, You can buy terraced houses for under 200,000 and they are extending the DLR to woolwich just down the road. Its also very green

Agreed with Harriet re Plumstead and would add in Thamesmead and also Abbey Wood. I think these are pretty much the cheapest areas with a London postcode these days. If the bridge from Thamesmead over the Thames goes ahead it could really give the area a boost as Thamesmead is repo central at the moment.

Cheers.

Adam Free BMV Leads, register at: www.cashforyourhome.co.uk/affregister.html