I am looking at investing in a new build property as a buy to let in London. The property is in a large new block of flats close to the centre of London, the main thing that is bothering me is the competition from the other flats when it comes to finding tenants. Is that a big problem ?

 

  • Politically Correct 11:48 pm on October 6, 2009

    The London rental market is deep and wide but at the moment the supply far exceeds demand for rentals. Of course this is always a matter of price so go and educate yourself!

    I suggest you call a couple of rental places posing as a possible tenant and see what sort of rents they are quoting for a place like the one you have in mind but in other buildings. Push them a bit to see how negotiable they are. Ask how long the place has been available so that you can see what kind of voids to plan for.

    Use this to make a budget. A side benefit will be that this will help you unearth a decent agent.

  • Jacob 11:48 pm on October 6, 2009

    Are you out of your mind? Invest in buy to let in London?

    I have 3 properties in london that two of them i cant find tenants for and cant sale due to recent market conditions in the UK property market. I believe the UK does not offer the best value for money.

    In the medium term I believe much better value can be obtained in other European and Worldwide property hot spots. Current economic headwinds in the UK and many developed economies highlight the attractions of investment in expanding emerging market economies.

    With soaring domestic demand, and resilient economic growth, it’s no wonder that rising infrastructure investment and expansion are having a positive effect on selected property markets.

    I have recently invested in Brazil and the dominican republic with guaranteed returns backed by a top UK law firm Max Gold.

    As an investor I strongly think you should not invest in a buy to let in London. look some where else.