London rental prices have historically been high, and that they have continued to rise in recent years, particularly in popular areas of the city. This can certainly lead to higher returns for landlords who own rental properties in London.
London rents are at a record high as prices in the capital have not increased this year and because a lot of first time buyers are choosing to remain on the rental ladder till mortgage rates settle down, the rental returns have soared and rental property is scarce.
There are a number of factors that can contribute to rising rental prices in London, including high demand for rental properties due to the city’s popularity and limited supply of affordable housing. Additionally, inflation, economic growth, and changes in government policies can also impact rental prices.
While higher rental prices may benefit landlords in terms of returns, they can also make it more difficult for renters to find affordable housing. This can be especially challenging for low-income individuals and families, who may struggle to find a place to live in London’s competitive rental market.
It’s important to note that rental prices can fluctuate over time, and that factors such as changes in the economy, housing policies, and population demographics can all impact the rental market.
Please get in touch to find out the best properties which will achieve highest rental returns for a Buy to Let in London