According to a Simply Business poll, 37% voted East London as the best area for buy-to-let investment in the capital.
The Borough of Newham continues to be popular with investors, while rental yields in Stratford average at 4.5%, which is above average for London.
For potential investors with smaller budgets, Romford and Rainham are just two places where prices are cheaper but rental yields are solid – averaging around 5.5%.
Though most investors chose East London as the best place in which to invest in the capital, South London came second as the preferred area for investment, with 30% of the vote.
North and West London didn’t reach as many votes in the poll, but both regions can prove lucrative for buy-to-let investors. However, with property prices higher on average in these areas, more capital may be needed in order to secure an investment property.
Despite tax changes and stamp duty increases, rental demand continues to be strong in London, and the capital remains a safe place in which to invest in buy-to-let.
For more information, click on the link below:
Simply Business
Neil is the Operations Director at Assetgrove Lettings, London's Leading Rent Guarantee Company, providing Landlords with no voids, property maintenance, fee-free property management and stress-free service.
Claims that the end of the evictions ban, on 23 August, will mean a big increase in tenants losing their homes have been disputed by
As letting agencies get back to business following seven weeks of covid-19 lockdown, the government has issued advice for landlords conducting viewings while observing social
A think tank is calling on the government to introduce an immediate rent freeze to protect more than a million renters at risk of losing
