London’s Woodford, Leytonstone and Redbridge tipped to be landlord hotspots
Landlords see Woodford, Leytonstone and Redbridge as the best areas of London to invest in, research by Direct Line for Business has found.
Less specifically just under a third (30%) identified North East London as the best location to invest in, followed by the South East and East of London.
Four in five (78%) London landlords plan to expand their property portfolios despite the rise of government measures designed to dampen down property investment in the past few years.
Christina Dimitrov, business manager at Direct Line for Business, said: “Landlords across the capital will always be looking for the ‘next big thing’ in property, as there are always trends in demand with people wanting to rent in the latest up and coming area.
“We have seen this before with the likes of Tooting, Bethnal Green and Walthamstow suddenly becoming ‘hot spots’.
“It’s great to see confidence amongst landlords in the capital at a high, and even more reassuring to know that more than half think Brexit will have a positive influence on the property market.”
Four in five (80%) landlords rank homes near underground stations as attractive or extremely attractive, with those near the Central, Jubilee and Piccadilly Lines being most popular.
Landlords are extremely positive about the impact of HS2 on London’s property values.
More than three in five (63%) think HS2 will cause property prices in the capital to rise, with a third (33%) expecting a dramatic increase.