When I was looking for an investment property, everybody told me all about the high rate of returns and sky rocketing property prices in England. They told me all about the rental opportunities especially in central London. One of the things that nobody told me about was the bone chilling weather in the UK.
Spring is now officially here, and it would appear that the London and South East residential property markets are showing good signs of early growth. Research provided by Hamptons International displayed a 16% increase in the number of listed properties for sale over the last year. Combine this statistic with the number of new registered buyers nearly reaching a 12-month high, and a positive picture emerges about the current state of the London property market.
After an interesting year in the property market, early 2010 is a crucial time for investors to examine their property portfolios and examine where the best yields are to be found. This is all the more important if one considers the growth in sale prices which overtook the growth in lettings values and the subsequent yield contraction of 55 basis points. The average property acquisition yielded 4.7% gross at the end of 2009.
More on Strongest Investment Property Yields Found in Commuter Areas
