If you are planning to invest in buy-to-let property in London, then, this is the most appropriate time. For, residential rental growth in London remains robust, as demand picks pace.
Rents in London increased by 4.7 per cent in December 2018 compared to December 2017. The average monthly rent in the UK capital now stands at £1,596 a month. The rental growth has been strong in Greater London despite Brexit around the corner. This clearly shows that London’s residential rental market has absorbed the impact of Brexit.
In fact, average rental values in London were 73.3 per cent higher than the UK (£921) in December 2018. When London is excluded, the average rent in the UK is £763 last month. Average rents in London are a whopping 109.2 per cent higher than the rest of the UK.
As one of the global property hubs, London offers exciting returns to investors in view of its strong fundamentals. Besides, the demand for quality London rental homes is on the rise. International travelers, the business community, working professionals and students are increasingly moving to London. This is the right time for investors in the buy-to-let market to expand their property portfolio.
Many boroughs in London witnessed monthly rental variance of above 10 per cent – led by Chelsea, Fulham, Hammersmith and Kensington, which saw 17 per cent growth (rent £2,139). Westminster and Haringey & Islington saw rent rise of 12 per cent and 11.5 per cent respectively. The average monthly rent in Westminster is £2,444 while in Haringey & Islington it is £1,725.
Other London boroughs where rents are high include Lambeth (£2,058), Camden and City of London (£1,831). While Hackney and Newham experienced annual variance of 10 per cent in average rent, it was 6.3 per cent in Kingston Upon Thames, Merton, and Sutton.
The borough of Wandsworth experienced an annual rental variance of 5.5 per cent, which is higher than the London average. Wandsworth is one of the most preferred London neighbourhoods because of its social network, vibrant communities and improved infrastructure.
Strawberry Star is coming up with a residential tower- BRONZE – a boutique collection of 77-apartments on Buckhold Road in Wandsworth adjacent to the sprawling King George’s Park. With huge investment and newly improved planning, Wandsworth is being revitalised – from the creation of new residential and commercial spaces, expansion of existing schools, improvement of public amenities, positively impacting the rental value.
If you are interested in buying an apartment in BRONZE, visit or call 020 3811 0000