1 minute read
Buy to Let Hunters leave town
Race for Space And the escape from the big smoke
As more of us work from home, and also staycation this year, we have started to think differently about our home environment and how we spend our time there. Renters are increasingly looking for gardens (or even just a balcony) or a possible study for their new work from home lifestyle. Maybe the perception that it is easier to isolate outside London, is driving a lot of renters to test drive a country lifestyle before they make their move.
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Fewer people are finding the sort of balance they need in big cities and, as they reassess their priorities, there is a positive rush of renters moving away from the capital (landlords have reported rents reducing by 20% in London) to the leafy suburbs. Now might be the perfect time to consider a property investment in an area ideal for an occasional commuter. Prices in South West dormitory suburbs have risen by more than 5% according to Nationwide’s latest house price index. Hamptons reports that the median distance for commuting in London is 49 miles – up from 33.5m just a mere 12 months ago.
Why not look into investing in property – either a holiday home for your own use or to rent out; or a small house or flat to rent out to the ever growing army of WFHers fleeing the Big Smoke?
We source these little gems: self-contained and easy to maintain, frequently with parking, yet close to public transport, with access to outdoor space and amenities and can help you to do the same.
Did you know that 80% of landlords typically buy an investment property around the corner from their home – seeking security in a familiar place? If you are worried about investing in an unknown area or perturbed by unreliable income, trust us to help. We know areas we can recommend for your purchase and through our Rent Guarantee scheme, we can give you peace of mind and a steady income for three years whilst we manage everything, unless you prefer to do it yourself. So why not get a head start in the race and give us a call and let us show you some options? n
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