Investors continue to be very active in the London property market - with a shortage of homes in the capital, property investment remains a safe bet.
We can report that over one out of every four properties Dexters sold across London since June was bought by an investor.
Alex Harrington, Dexters' Group Lettings Managing Director, says, "The attractions of income and long-term capital growth are obvious to investors. We have had a record number of new landlords come to us this year. Buy-to-let is very regulated, so landlords increasingly seek professional advice from our experts."
Alex explains that at Dexters we offer two things to landlords;
- Better tenants. Corporate and international tenants look for property through leading London agents - our specialist team will deal with over 10,000 enquiries this year! Corporate tenants will pay a premium rent for good property that is properly looked after. For many people, renting is a lifestyle choice and they want a good letting agent to deal with all the hassle for them.
- Long-term performance . Our 20,000 London landlords use us because we deliver results over many years. Full occupancy, consistent rent yield, no hassle and keeping their investment in great shape are cornerstones of what we do. Our landlords see us as their partners and asset managers.
Dexters has 28 offices in Central London and over 60 across the capital. Our first class property management is available for single properties or portfolios.
A quarter of homes bought over the summer were either second homes or buy-to-let properties, netting the government an additional £440 million over three months after a new stamp duty tax was introduced. Of the 235,000 homes bought between July and September, 56,100 were subject to an extra 3 per cent tax, figures from HMRC show, making it an extra £440 million. The new tax was introduced by the government in April on second homes and buy-to-let properties in an attempt to make home ownership easier for younger buyers by deterring landlords from acquiring small homes. Between April and June, only 30,300 of the 207,900 purchases were for second homes or buy-to-let properties after thousands brought forward their purchases to March to beat the extra tax.