Number of buy-to-let properties in London rises by 94,000 in three years
- 21st February 2020
- Landlord Property News
With projected population growth, the capital continues to attract buy-to-let investment
Latest Government figures show that the number of buy-to-let properties in London increased by 94,000 in three years. In 2015 there were 2,649,000, which rose to 2,743,000 in 2018.
It is no surprise that landlords continue to invest in property in London. The capital has seen the highest rental price growth of all UK cities in the past three decades.
Rents tend to grow in line with wage inflation. In a strong economy with high employment rates, landlords see buy to let property as a solid investment.
The numbers of renters in London is estimated to rise by 122% by the year 2030, according to real estate firm CBRE. This is due in part to projected growth in London’s population, which is predicted to reach 9.5m by 2026. This will mean more people looking for properties to rent.
In addition to the high number of renters, buy-to-let mortgage costs are now at historic lows which has caused more people to invest in property in the capital.
Stephen Ludlow, Chairman at ludlowthompson, says: “London continues to be a popular destination for buy-to-let investment with sustained demand for housing and strong rental price growth.”
“With the number of private renters expected to more than double in the next ten years, the upward trend of buy-to-let shows no sign of ending.”
ludlowthompson maintains its transparency by encouraging customer reviews across a number of platforms. Over a three-year period, we ranked number 1 agent in the UK on allAgents out of 15,000+ agents, with 5300+ 5* reviews.
Here is a selection of recent reviews of happy customers of ludlowthompson via Google Reviews:
Jenny A via Google reviews:
“Many thanks to ludlowthompson Bow for helping me with the whole process of letting out my property for the first time! Very quick and efficient service. Highly recommended.”
Clare A via Google reviews:
“The ludlowthompson Lettings team comes highly recommended! Professional, well organised and know the market. This is the second time they have sourced tenants for me and on each occasion, the service provided has been outstanding. The whole process has been stress-free which is very important from the client prospective.”
London continues to be a popular destination for buy-to-let investment with sustained demand for housing and strong rental price growth
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