A recent study by Halifax indicates house prices are rising faster in bigger cities than rural areas again. There was a spell, driven by the pandemic, when the opposite was true, but now, people are returning to the major cities.
This impacts the property and rental market in London, and at David Harris & Co, we are on hand to assist you navigate this market.
A Halifax spokesperson says: “The pandemic transformed the UK housing market. Homeowners wanted bigger homes and better access to green spaces, fuelling huge demand for larger properties away from urban centres. This accelerated house price growth in the suburbs and more rural areas, while in cities it was much slower. That trend didn’t disappear completely this year, as house price growth in these areas remained strong. But, as daily life started to get back to normal for many, the opportunity to live in cities became more attractive again, driving up demand. There’s evidence of this in locations across the country, with property price inflation in the majority of cities outstripping increases in their surrounding areas. Clearly the economic environment has changed considerably in the last few months, with the likelihood of more significant downward pressure on house prices, as the cost-of-living squeeze and higher borrowing costs limit demand. The extent to which such trends will continue to shape the housing market is therefore uncertain.”
There are many reasons to invest in or rent property in London
Whether you are a landlord or tenant, London remains attractive, even after the events of recent years. Finchley is an appealing area for many people, for what it offers on your doorstep, and what it provides within easy reach.
If you are looking for guidance or advice on the London rental market, David Harris & Co is here to assist you.
1. Economic Opportunities
London is one of the world’s leading financial centres, with a large number of multinational corporations headquartered in the city. This provides a wealth of opportunities for those looking to further their careers in finance, accounting, and other related fields.
2. Cultural Attractions
London is home to some of the world’s most iconic cultural attractions, such as Buckingham Palace, Westminster Abbey, and the Tower of London. The city also boasts a vibrant arts scene, with countless museums, galleries, and theatres to explore.
3. Diverse Population
London is one of the most diverse cities in the world, with people from all walks of life coming together to live and work in harmony. This diversity adds to the city’s rich culture and makes it an exciting place to live.
4. Excellent Education
London is home to some of the world’s best universities, such as Imperial College London and University College London. The city also offers a wide range of schools for both primary and secondary education, ensuring that residents have access to quality education at all levels.
5. Good Transportation Infrastructure
London has an extensive transportation network that includes an underground railway system (the “Tube”), buses, taxis, and trains. This makes it easy to get around the city, whether you’re travelling by yourself or with family and friends.
6. Safe and Secure
London is generally a safe and secure city to live in, with a low crime rate compared to other major cities around the world. This makes it an ideal place to raise a family or live alone without having to worry about your safety. This is an area where Finchley thrives, offering a safer environment that other parts of London.
Contact David Harris & Co to let in Finchley
We have assisted many Finchley landlords connect with tenants, and we know where these groups are looking for rental property. You can take the stress out of connecting with your ideal tenant by turning to a local letting specialist in Finchley.
If you want to make an informed decision in and around Finchley’s letting market, we are here for you. If you have any questions about the local market, or you need assistance, please contact David Harris & Co today. Call us on 0208 346 9122.
