Prime areas in London grow from four to ten
- 18th July 2012
- Landlord Property News
Means buy-to-let landlords looking for high yielding investments forced to look in London’s Zone 2.
Traditionally, prime London property has been focused in small parts of West London, such as Knightsbridge, Belgravia, Mayfair, Kensington and Chelsea.
New research shows that an influx of foreign wealthy individuals has created new areas of London with expensive prime property, such as Holland Park, Notting Hill, Primrose Hill and St John’s Wood.
Says Stephen Ludlow, Chairman of ludlowthompson: "More prime property has a knock-on effect on the buy-to-let market because areas with high property prices tend to offer investors lower yields.
"The more properties that become expensive prime properties, the fewer suitable buy-to-let opportunities there will be for landlords."
"This trend has been driven by very wealthy individuals from overseas investing in prime London property as a ‘safe’ investment. This has really accelerated over the last few years because of the weakness of sterling."
Stephen Ludlow adds: "Some of the highest yielding London properties can be found in ‘Zone 2’, where property prices are lower than the capital’s centre but where rents are still high. Most parts of Zone 2 also benefit from excellent transport links to high areas of employment such as the City or West End, meaning that tenant demand will be high."
Here are five Zone 2 buy-to-let opportunities from ludlowthompson:
Some of the highest yielding London properties can be found in 'Zone 2'.
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