As a real estate investor you’re know how turbulent the global property market has been for the last 7 years or so; caused by a sub-prime mortgage disaster in the United States, this quickly spread around the world and had a massive ripple on affect into many industries. Thankfully in most parts of the world property is bouncing back and now is the perfect time for an investor to get involved before the prices start to bubble once again. There are a multitude of markets you could look into around the world; it’s all down to personal preference and of course budgets. Today we’re going to look at the benefits of investing in London property in 2016 and how you can grow your portfolio profitably.
London is currently one of the hottest property markets in the world; it’s seen as a safe bet among many investors and hence the money that is being pumped into the real estate system at the moment. London has a thriving economy, the businesses have bounced back very well from the property crisis and the rental market has absolutely exploded at the moment with demand completely outstripping supply currently. Additionally London is currently in the midst of a building boom with all of the larger construction companies scrambling to get everything from apartment blocks to skyscrapers built. This is all only good news for the London property market. This all makes way for 2016 to be the hottest year in the London property market with many realtors predicting the prices to start to increase heavily towards the end of the year.
Where is good to buy?
London has a huge multicultural and diverse community, where you decide to buy will depend largely on your primary needs and your location to the essential you need to live in London. Every borough in London has it’s own ups and downs and we would advise researching the area thouroughly and speaking to a local real estate agent before buying.
There are also some great investment oppurtunities on the outskirts, such as Headstone South in Harrow, Morden and Nonsuch in Sutton. Additionally you may also want to look into Walthamstow and Forest Hill.
When looking to buy in London we would highly recommend using the services of a local estate agent such as http://properties7.com/ . Using a good local knowledgeable agent will give you access to a wealth of local knowledge and of course their little black book of contacts. They will be able to secure the best deal for all parties involved.
You can find out more about the great team behind the site here or why not learn more about the buying process here. If you have any questions at all then they have a great FAQ page here or why not get in touch with one of the friendly team here who are always on hand to help out. We hope this article has primed you for your property purchase in 2016 and we wish you all the best.