Investing in London property in 2016
Diverse and highly adaptable, London’s property market is ever-evolving. With steady residential development and a naturally competitive market, London continues to excel as a safe haven for the canny investor, despite recent challenges and stamp duty reforms [see stamp duty calculator 2016].
The New Year brings further opportunity for growth and renewal. So, where should you be investing in property 2016?
Playing by the rules
With buyers and investors looking beyond the traditional golden postcodes, London’s residential landscape continues to evolve and expand. As large pockets of London undergo development or regeneration, up and coming areas begin to outperform others in terms of profitability, accessibility and vitality.
A new development, a fashionable restaurant, a well performing school or upgraded transport links – just one of these factors is enough to inject excitement and freshness to postcodes you might have once overlooked. What could be better than investing in an area that’s on the rise? Knowing exactly where to invest before the crowds move in.
Buy-to-let property investments in 2016
The private rented sector is continuing to grow in size, with around 5.4 million, or 20% of households now being let out to private tenants. While many used to think of renting as a stopgap before being able to buy, attitudes have shifted significantly in recent years, renting and the PRS are now seen as a lifestyle choice. London in particular continues to attract investors to its rapidly developing PRS market.
So, where should you invest in property 2016? Will London’s traditional property hotspots continue to appeal or should you look towards other postcodes? Knight Frank’s property experts from across London advise where they would invest their money in 2016.