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TODAY'S OTHER NEWS

Landlords identify London’s next buy-to-let hotspots

Landlords have identified what they believe to be London’s next buy-to-let hotspots, which includes the likes of Woodford, Leytonstone and Redbridge.

North East London was named by 30% of landlords as the best location to invest in, followed by South East London and then East London.

The research by Direct Line for Business found that properties located near underground stations were the most desirable by landlords, while homes located on Central line stations were ranked as offering the best investment opportunity, followed by those located on the Jubilee or Piccadilly line.

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Most attractive London Underground lines for property investment:

Top 3 Tube Lines

 

Bottom 3 Tube Lines

  1. Central line

 

  1. District line
  1. Jubilee line

 

  1. Circle line

 

  1. Piccadilly line

 

  1. Bakerloo line

 

Source: Global

Some 72% of landlords rank properties with national rail connections as attractive to prospective tenants, while London Overground links were ranked desirable by 71% of those surveyed. Bus routes (68%) and tram routes (60%) were seen as less attractive draws for potential tenants. 

Landlords are also positive about the impact of the HS2 on London’s property values, with 63% of those surveyed believing the new transport link will cause property prices in the capital to increase. 

The study also suggests that confidence among landlords in London and the South East is high with 78% of those surveyed planning to expand their property portfolios.

Christina Dimitrov, business manager at Direct Line for Business, said: “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. 

“We have seen this before with the likes of Tooting, Bethnal Green and Walthamstow suddenly becoming ‘hot spots’.  

“It’s great to see confidence amongst landlords in the capital at a high, and even more reassuring to know that more than half think Brexit will have a positive influence on the property market.” 

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