Revealed: London’s new buy-to-let hotspots
Buy-to-let lending is soaring — and now the results of a study, released today, suggest where the smart new landlords should be heading.
Lending for buy-to-let accounted for £3.9 billion (33,200 loans) in the three months to June, which is 18 per cent higher than a year ago.
Gross yields in Brick Lane, Spitalfields and the rest of E3 are an impressive 11.3 per cent, outstripping other forms of investment including most managed funds, according to research by Hamptons International and Primelocation.
Forecast yields in Watford stand at 10.9 per cent, while they are 8.9 per cent in E16, the area around the Canning Town regeneration zone.
The lowest London yields are in N4 (Finsbury Park), TW9 (Twickenham) and SW7 (South Kensington and Knightsbridge), partly due to the high cost of property in these areas.
Read the full story at Homes & Property
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