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UK will see property hotspots in 2018 as prices…
30 Aug

Property prices in Britain are increasing despite endless Brexit fearmongering, with Woodford, Leytonstone and Redbridge ranked as hotspots by landlords.

Almost a third (30%) of landlords identified North East London as the best location to invest in, followed by South East London and then East London.

When it comes to transport links, properties located near underground stations were the most sought-after by landlords, with 80% ranking them as attractive or extremely attractive.

Properties located on Central line stations were ranked as offering the best investment opportunity, followed by those located on the Jubilee or Piccadilly line. 

Just under three quarters (72%) of landlords rank properties with national rail connections as attractive to prospective tenants, while London Overground links were ranked desirable by 71% of those surveyed. 

Bus routes (68%) and tram routes (60%) were seen as less attractive draws for potential occupants. 

Still, landlords are very positive about the impact of HS2 on London’s property values.

Over six in ten (63%) landlords believe the new transport link will cause property prices in the capital to increase, with a third (33%) believing they will surge dramatically. 

In fact, confidence amongst landlords in London and the South East is high, with more than three quarters (78%) of those surveyed planning to expand their property portfolios. The data collection was carried out by landlord insurer Direct Line for Business. 

Business Manager at Direct Line for Business, Christina Dimitrov 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.” 

Property hotspots for the whole of the UK for 2017 were announced back in June. 

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