Chase Devonshire » Property Management http://www.chasedevonshireblog.com Exclusive.Property.Asset Management Tue, 08 Jun 2010 20:21:51 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Buy and let in the right London areas http://www.chasedevonshireblog.com/buy-and-let-in-the-right-london-areas.html http://www.chasedevonshireblog.com/buy-and-let-in-the-right-london-areas.html#comments Sat, 19 Jul 2008 08:00:34 +0000 Terence http://chasedevonshireblog.com/?p=15 Property rents are now increasing up to 7,5% in one month alone. In other words, the yield investors are seeing on their initial investment is growing as the demand for rental properties grows.

The reason for this is simple. Those who wanted to get on the property market (i.e. first time buyers) are unable to do so and remain in their rental properties until they can buy. This creates fewer properties on the rental market available and in its own way is creating a shortage which pushes rent up.

There are some exceptions to this. For example, the Docklands, which for many years have been saturated with rental properties. This is because docklands is having its worst sales and lettings in many many years. The reason for this is that the owner occupier v tenants ratio is 25% to 75%.

In other areas such as Isling ton and West London, the lettings market is booming and tenants have been known to literally get into fisticuffs with each competing tenant fighting for the properties.

Written by Terence - Visit Website

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