Dexters' lettings teams are routinely dealing with thousands of professional tenants looking for property. Locally there is shortage of property after a busy summer and Dexters have large numbers of tenants looking for property to move into both before the end of the year and into 2017.
London is an increasingly popular city to live and work in, and many new and improving districts are emerging around the capital. Demand for places to live is expected to outstrip supply over the coming decades, so it’s no surprise that property investment in the capital continues to be so attractive.
There are plenty of buyers and investors around, jumping in where they see good value, good locations, or both. The London buy-to-let sector is stable, with both capital growth and rental incomes remaining strong.
Reports of the death of the buy-to-let sector may have been greatly exaggerated. The property portal Rightmove has revealed that enquiries on its website from would-be investors rose by 30 per cent between June and September. It says that the number of new properties being offered for rent rose six per cent nationally and 15 per cent in London during this period. This is good news for tenants in the capital, who have seen their rental prices drop by 0.7 per cent. Rents across the country as a whole rose only modestly by 0.5 per cent during the third quarter, according to Rightmove.