London leads buy-to-let confidence
The UK rental property market is booming and buy-to-let confidence is high, according to a new survey of landlords.
The research from mortgage lender Alliance & Leicester found that seven out of ten buy-to-let landlords were feeling optimistic about the coming 12 months, seeing prospects for rental profit as "good" or "very good".
More than three quarters of landlords questioned claimed to be drawing profits from their properties, with high demand across London making the capital a hotspot for rental.
Jeremy Claridge, head of specialist mortgages at Alliance & Leicester, said: "It is encouraging that buy-to-let landlords indicate they are feeling buoyant about the outlook for 2008."
He added that the capital would remain a prime location for rental property, explaining: "Our research shows that landlords' believe London will produce the highest rental yields in 2008 and remain very popular as investment areas."
Landlords holding properties in Central London neighbourhoods claimed that rental yields could be more than four times higher on buy-to-let properties than in surrounding south-east areas further out of the capital.
Published 19th December, 2007
© 2007 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
St John's Wood brings the village atmosphere to the capital
St John’s Wood is a great location for people looking to capitalise on all the benefits of London living without being caught up in all the hustle and bustle.
Read Article ... Published on 26th May, 2015
Yeading: Enjoy peaceful city living in an up-and-coming area
Yeading is a laid-back and peaceful residential area situated north-east of Hayes and is one of the most up-and-coming areas of the capital.
Read Article ... Published on 26th May, 2015
Hanwell: A green, peaceful environment for Londoners
Hanwell is a small town located in the Borough of Ealing and is in between Ealing and Southall, providing excellent transport links to the rest of the capital.
Read Article ... Published on 26th May, 2015
Mitcham Carnival announced for June
Mitcham Carnival has been announced for Saturday June 13th at Three Kings Piece.
Read Article ... Published on 22nd May, 2015
Hammersmith and Fulham Council start Park consultation
Hammersmith and Fulham Council have launched a new consultation on Hammersmith Park, inviting local residents to have their say on the area and how it can be improved.
Read Article ... Published on 22nd May, 2015
New conservation areas planned around Waltham Forest
Waltham Forest has announced plans for two new conservation areas near Lloyd Park and Bakers Arms town centre.
Read Article ... Published on 20th May, 2015
Sutton Council announces Take Part Take Pride summer festival
Sutton Council has announced its Take Part Take Pride summer festival.
Read Article ... Published on 20th May, 2015
Brent Council teams with Brent Housing Partnership in new project
Brent Council has partnered with the Brent Housing Partnership as it aims to improve the standard of housing for local people.
Read Article ... Published on 19th May, 2015
Gardeners prepare for Islington In Bloom
Islington Council is preparing for this year’s “In Bloom” event by teaming up with local gardeners to identify the best greenery available in the area.
Read Article ... Published on 15th May, 2015
New fitness centre set to open in Manor Park
A new fitness centre is expected to be opened in Manor Park by Newham Council.
Read Article ... Published on 15th May, 2015
The UK rental property market is booming and buy-to-let confidence is high, according to a new survey of landlords.