Owning a home doesn’t only bring a sense of security, but is also considered one of the wisest financial investments anyone can make if you are living in London.
But is that really so? you may wonder after reading about the latest news concerning the London property market.
The short answer is yes. Some market analysts said current London House Prices trends are unfavourable to big-scale investors or landlords with a huge portfolio. But falling London house prices can be a huge opportunity for second-time homeowners or those looking to step up on the property ladder.
London house price trends in 2018 feature a mix of positive and negative factors:
- Uncertainty surrounding the Brexit deal affects buyer’s confidence and this is reflected in the housing market
- Low-interest rates are here to stay, which translates into cheap mortgages
- A construction boom that brings up residential development trends in line with pre-recession levels
- Increasingly strict lending criteria favour individual buyers over speculators
- The extension of the Help to Buy scheme until 2021 is also good news for buyers
Historical data shows that comparatively, London house prices have done nothing but grow, particularly in areas within the boroughs of Islington, Hackney, and Waltham Forest, where they have grown by up to 690% in 2 decades.
Compared to last year’s figures, house prices in North London have dropped by almost 9%. This means investing in a North London property is still a solid move, so if you are looking to sell your home, chances are you will receive a great deal of interest.
How to maximise the potential of the London House Prices trend
If you are looking to sell your property, you should do everything you can to increase the curb appeal of your home and get it ready for the competitive selling season.
Decluttering your home and doing some minor but impactful repairs will go a long way adding visual value to your property.
And since you’re at it, why not contact the decluttering and containerised storage experts at Roger Removals? We have been in the home removals business for nearly 50 years and have a vast knowledge of what makes a property stand out from the rest, as well as a range of storage services created to assist homeowners prior to the start of the selling season.
We are more than just a removals company – contact us and together we’ll find a hassle-free way to help you declutter and sell your home. Call us on 0800 279 9043 or 020 8368 7779. We are here to help!
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