Press Room
Buy To Let Investors In Prime London To See Supply Increase
Prime rental prices seen by buy to let investors in London are likely to plateau sometime next year, Douglas & Gordon has said.
Ed Mead, director at the estate agent, said supply levels are beginning to increase after demand rose by 30 per cent over the last six months.
While this may translate to flattening rents for existing landlords, the increasing supply of houses will be good news for property investment professionals who want to move into the market.
"I think that demand is likely to keep up because it appears that more and more people are unable to find something to buy … but it is unlikely to keep going up much because of the difficulties at the moment being experienced in the City," added Mr Mead.
This week, Cluttons reported that average rents in prime central London are on track to reach £1,052 per week by December this year.
Start searching for your new home on email4property today.
-- Ends --
Notes for Editors:
Article date: 8/30/2011 12:00:00 AM