There has been an increase of Far East property investors in lettings in London, according to a new survey.
Findings by Benham and Reeves Lettings reveal that the stability and investment potential in the Capital have resulted in a growing number of enquiries from landlords based overseas, from Asia and the Middle East.
London is continuing to attract large quantities of overseas property buyers as they seek refuge in the City’s strong rental demand. And the letting agents in London report that on estimate around 55% of London property is currently bought by investors abroad. Consequently, many UK developers are flying to the Far East to sell properties at tradeshows and Benham and Reeves’ letting offices in Hong Kong and Singapore have been booked solid providing rental estimates for budding London investors.
The study findings come as good news to people looking to rent in the Capital as there is a continuing supply of affordable, quality properties. The wider economic uncertainty seems to be having little effect on the London property market both in terms of rental demand and the attraction as a place to invest.
So if you are considering investing in some property, choose London as the location but make sure you choose the right lettings agent. It is critical for overseas investors to pick the right agency so they are not left with a vacant property for long periods of time which is why Benham and Reeves lettings are London’s premier rental and lettings agent. And if you are an accidental landlord as you are unable to sell your home, get all the expert guidance and advice you need today.
