If you are looking for a house for sale in Greater London it is important you understand that the prices of the houses will vary depending on the specific area of London you are going to consider for your real estate investment.
Houses for sale in different areas of Greater London
We have listed here below the different areas of London.
In the articles below, for each area, you will be able to see the relative data that will help you make an informed decision on whether to proceed with your investment or not.
Greater London is known for being one of the most diverse and vibrant areas in the UK and the capital of England with a population of approximately 9 million people. The property market in Greater London is heavily concentrated in urban areas such as the City of London, Westminster, and Camden, which are the most sought-after locations for tenants. Having said this, there are great deals that can produce a high rental yield and capital appreciation no matter where you invest, you just have to be looking at the right deals.
Landlords looking to get into the property market in London for the short term can also very easily make a profit here as they can buy, fix and flip property fairly easily in London too. This is because of the higher number of buyers making the area more prone to properties not spending long on the market. On top of this, because of the higher rents in the capital, there is more of a demand for shared accommodation in the form of Houses of Multiple Occupancy (HMOs) which are available to make a large profit on if you know what to do.
One of the most notable things about Greater London is the sheer size of the rental market. According to recent statistics, there are over 2.4 million private renters in the Greater London area, making up more than 30% of the population. This is largely due to the high demand for rental properties in the city, as many people move to London for work or study and are looking for a place to live.
Despite the high demand for rental properties in Greater London, house prices are significantly higher too and according to recent data, the average house price for a five bed house in Greater London is £1,689,586, which is nearly double the UK average!
Overall, Greater London offers a lucrative opportunity for landlords looking to invest in the UK property market. With a large and diverse rental market, strong rental demand, and a variety of investment opportunities, Greater London is a popular choice for both domestic and international investors.
|An insight into property in Greater London
|Average house price
|Average household income