8 Jul

Properties to rent in London 'chosen for greatest income potential'

Properties to rent in London 'chosen for greatest income potential'

More and more investors in properties to rent in London have been looking for homes worth over £500,000 to get a larger return on their rental income, according to an expert.

Chief executive of London Central Portfolio (LCP) Naomi Heaton spoke out about the increasingly popularity of houses valued between £500,000 and £1.5 million.

She said that these are the "most popular price points for investors" as tenants can expect to pay between £400 to £1,200 per week for them.

This, Ms Heaton stated, was the "sweet spot of the market".

However, she added that investors spending this much "will not get as high a yield because there is not the rental demand" on properties of this expense.

Her comments come after the Buying Solution recently reported that there were more foreign investors interested in buying "trophy assets" in the capital, as they see London as "a safe place environmentally and economically".

The Land Registry also found that while house prices across the UK decreased by 0.2 per cent in May, properties in London increased in value by 0.7 per cent.
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