Incredible Mag

The Perception for Rents in the Greater London Areas

<p style&equals;"text-align&colon; justify">Firstly&comma; tenant demand for both flats and houses across the capital is likely to remain strong&period; London is in many ways a separate economy to the rest of the UK&period; It is not so much a UK city as an international city and this does not look set to change&period; London has always attracted workers from other Commonwealth countries&comma; notably Australia&comma; New Zealand and South Africa but many reports now classify London as the fifth largest French city in terms of population&period; Although some East Europeans workers may return home as jobs become harder to find&comma; anecdotal evidence suggest that many have settled here and intend to stay&period; And whatever the state of the economy&comma; people still need somewhere to live&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify">Secondly&comma; the supply of rental property is likely to slow&period; The major house builders in London have mothballed developments and cut back sharply on new projects&period; Don&&num;8217&semi;t expect to see any new luxury apartment developments for the foreseeable future&period; To this must be added those buy-to-let landlords who decide to sale out and sell up as the going gets tough and the fact that first time buy-to-let investors are an almost extinct species&period; The net effect&colon; fewer properties available to rent&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify">House prices have dropped off a cliff and many buy-to-let investors have already seen the capital value of their property investments fall dramatically&period; The big question is&colon; should they sell quickly before prices drop further&comma; or should they hang on and wait for an upturn&quest;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify">Of course&comma; with mortgage rates remaining stubbornly high&comma; many landlords may not be in a position to afford to ride through the storm&period; However&comma; assuming imminent repossession is not a danger&comma; a rational look at the indicators suggest that it is worth holding out for the next 3 or 4 years &&num;8211&semi; as that is how long most analysts expect it to take for house prices to start to recover&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify">With house prices falling and mortgages in short supply&comma; many people are choosing to rent rather than buy&period; Letting agents report a surge of demand which has already been pushing up rents in some areas&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify"><img class&equals;"aligncenter size-full wp-image-4512" src&equals;"https&colon;&sol;&sol;incrediblemag&period;com&sol;wp-content&sol;uploads&sol;2018&sol;12&sol;mnb&period;jpg" alt&equals;"" width&equals;"800" height&equals;"517" &sol;><&sol;p>&NewLine;<p style&equals;"text-align&colon; justify">And don&&num;8217&semi;t forget the Olympic effect&period; The surge of new transport projects and construction associated with the Olympics is likely to give London&&num;8217&semi;s flagging economy a boost in the run-up to 2012&period; As the value of the pound falls&comma; London becomes more attractive to international visitors&period; And the international publicity surrounding the London Olympics can only keep London in the forefront of people&&num;8217&semi;s minds as an international destination&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify">With regards to more <strong>Building Companies London<&sol;strong>&comma; UK will also help to lower patiently waiting lists for real estate&comma; which in many London&comma; UK boroughs is currently at an all-time high&period; By allowing home contractors to develop more houses and flats&comma; including affordable units&comma; the local regulators hope that it can considerably decrease those patiently waiting for the long lasting real estate&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify">Handing greater decision-making abilities to regional regulators&comma; in regards to form the new develop homes&comma; is a key Traditional Party policy which vitally could increase the volume of flats available for sale in London&comma; UK&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify">If the Tories are chosen into government at the general election this year&comma; they claim that their &&num;8216&semi;local&&num;8217&semi; effort would improve the planning system by motivating home contractors to build more new develop flats in London&comma; UK&comma; along with other areas&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify">Finally&comma; history shows that house prices and rents are usually inversely proportional&period; As one goes down&comma; the other comes up&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify">&NewLine;

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