London Property: Still tops the investments charts – HULT Private Capital
Despite the global climate London property has bucked the trend and remained high on the list of savvy investors and first time buyers.
London’s housing market continues to accelerate in the face of the coronavirus pandemic, latest figures show according to HULT Private Capital.
Well known property site Zoopla indicates, the current average value of a home in the prime central London is £660,754 – 4.1 per cent higher than the year before.
Keston and Richmond are the two most expensive areas to buy in London, averaging prices in excess of 1 million GBP.
At the other end of the spectrum, deal hunters and first time buyers that are comfortable with commuting can achieve properties in the area of Dagenham, Barking or Erith in the region of £300,000 and £350,000. Still many are opting to invest in property developments or funds that compound can compound and offer a lower entry point according to a statement by Oliver Rendall of HULT Private Capital, “Investors want it all. Few want the headache of maintaining a property portfolio but if eligible, prefer a more diverse portfolio that leaves investors stress free with positive capital growth.”
HULT investment analysts believe that the coronavirus pandemic will cause a drop in house prices at some point, but until now it has not materialise.
According to published research by Halifax, 2020 October showed house prices had increased at the fastest annual rate in more than four years, topping £250,000. This would mark the first time across the UK.
Researchers believe a correction will exist in the coming months, but not confident it will help first-time buyers. For investors now is a good time to take advantage
In August 2020, the Resolution Foundation predicted that the price of properties in the UK would drop, but declining incomes and restrictions on credit would dent the opportunity for young people to invest or buy their first home.
For more information on property investments and developments in prime central London contact industry leaders HULT Private Capital.
# Best Investments UK # Best Investments London # Secure investments UK # Secure investments London # Invest for retirement London # Invest for retirement UK # Property investments UK # Property investments London # private equity investments # invest in London property #savings #investments #propertyinvestments #UKGovernment # Best Investmen