So what London market trends are we currently seeing that makes the UK such an excellent prospect for our customers? With consistent growth in price and high demand for rental properties, London is amongst the best cities in the world to invest your property portfolio into. The city is only getting bigger, as the population expands and demand for housing gets higher and higher.Read on for more detail about the latest trends in the UK real estate market to get you started:
Rental forecastsIn terms of how the UK is looking for rental forecasts, steady and strong growth is expected in the coming months and years. While COVID-19 has led to a short pause in the ongoing momentum, the pandemic has also increased the demand for real estate immediately after the dry spell caused by the lockdown. Based on current information, the mainstream rental forecast expected from the UK up to 2024 is as follows:
London is one area where growth is ever-expanding, and even following the 08-09 recession, the UK rental market has gone from strength to strength with excellent rates of growth that would be appealing to any investor. This chart details current growth from 2011-2019, with London taking the top spot for higher levels of growth than anywhere else across the UK:
Following the completion of Brexit, it’s likely that momentum for real estate will grow across the UK – and in London in particular. What does that mean for investors? It means that the UK is going to continue its steady climb, making it a better time than ever to consider London for your portfolio. This chart details that growth forecast to get you started:
Should you invest in London, UK?
So, is London an excellent choice for your portfolio investment, or even for your first property? Absolutely. As a city that is always growing and evolving – with one of the highest populations for a capital overall – London is a great option. This is thanks to its high rental demand, positive trends and continual price growth, even in the face of incidents such as recessions, political changes and pandemics. We recommend London as one of the best places to build up that portfolio and get a great return on your investments in as little time as possible.
If you’re considering investing in a London property, Entralon is the best place to start. As an online real estate platform, we’ve got all you need to get started and find the ideal investment property for you. Get in touch with our team today, or take a look at the properties available online now to find something ideally suited to your requirements.