Landlords believe the next London property hotspots will include the likes of Woodford, Leytonstone and Redbridge, according to new research by Direct Line for Business.
North East London was identified by 30% of landlords as the best location to invest in, followed by South East London and then East London.
72% of landlords rank properties with national rail connections as attractive to prospective tenants, while London Overground links were ranked desirable by 71% of those surveyed. Bus routes (68%) and tram routes (60%) were seen as less attractive draws for potential tenants.
Landlords are extremely positive about the impact of the HS2 on London’s property values. 63% of landlords believe the new transport link will cause property prices in the capital to rise, with 33% believing they will rise dramatically. Confidence amongst landlords in London and the South East is high with 78% of those surveyed planning to expand their property portfolios.
Christina Dimitrov, business manager at Direct Line for Business, said: “Landlords across the capital will always be looking for the ‘next big thing’ in property, as there are always trends in demand with people wanting to rent in the latest up and coming area.
“We have seen this before with the likes of Tooting, Bethnal Green and Walthamstow suddenly becoming ‘hot spots’. It’s great to see confidence amongst landlords in the capital at a high, and even more reassuring to know that more than half think Brexit will have a positive influence on the property market.”
