Letting property in London: landlords reap benefits of renting trend
New figures indicate that rentals in London have outstripped sales for the first time since the 1930s, and there are a number of factors involved.
There is an abundance of rental property in London. Many Hong Kong investors bought property earlier this year, before the changes to stamp duty increased the prices. Equally, when prices fell following the Brexit vote, property became cheaper for overseas buyers.
International companies have decided to retain their UK offices
According to the Office of National Statistics, young … Read more ›