Confidence high in London buy-to-let market
78% of landlords in the London buy-to-let market are planning to add properties to their portfolios in the near future, according to new research from Direct Line for Business.
This indicates that the London buy-to-let market is still buoyant, despite the recent implementation of several pieces of challenging legislation.
Since 2015, landlords have had to deal with changes relating to:
Let’s take a look at the prime draw factors landlords are considering in the current market.
What factors are landlords prioritising in the London buy-to-let market?
30% of buy-to-let landlords cited North-East London as the best region for investment in the current climate. South-East London and East London claimed second and third spots respectively.
Of all the boroughs in North-East London, survey respondents highlighted Woodford, Leytonstone and Redbridge as the most appealing areas.
Landlords consistently mentioned transport as an important factor in determining the feasibility of a buy-to-let investment. Properties close to London Tube stations were the most desirable by some margin, with preferred lines including:
- Central line
- Jubilee line
- Piccadilly line
72% of respondents said properties with National Rail connections would be attractive to prospective tenants, while 71% cited Overground access as a desirable asset.
Christina Dimitrov, business manager at Direct Line for Business, commented: “Landlords across the capital will always be looking for the ‘next big thing’ in property, as there are always trends in demand with people wanting to rent in the latest up and coming area.”
Call on 3 Wise Bears for more expert landlord accountancy advice.