Despite Government changes on loan interest and the introduction of higher stamp duty in April 2016, the overwhelming majority of landlord investors remained undeterred. The medium- to-long-term view they are taking means that the investment market remains strong into 2017.
We have identified a high demand for property from local and overseas buyers, both owner occupiers and investors, all saying they feel confident about the market. Buyers and investors both tend to take a long-term view when buying property, particularly in London, so they aren’t deterred by short-term influences.
The early months of 2017 have been busy ones for the company, with plenty of buyers and buy-to-let investors making decisions. Investors recognise that London is unique as a safe bet in terms of property as an investment – regulation remains a light touch and the city continues to attract new investment from around the world. Property transaction numbers increased during the opening months of 2017 – homeowners who had been putting off moving are on the march, while new buyers and investors are looking to secure property in a safe yet lucrative market. Investment interest remains strong; first time buyers are out in high numbers looking to buy and traditional family areas are very busy as buyers and sellers can no longer see a good reason to delay moving now that Brexit negotiations are underway.
Increasing numbers of people are choosing to rent so that they don’t have the responsibilities of owning a property and can live where they chose, hassle-free and flexibly. Investors are out in force as there are reliable returns from a vibrant lettings market. London attracts investors as well as homeowners who want to enjoy life in the buzzing city, so demand is strong from local, American and European buyers. The capital is an increasingly popular city to live and work in, and many new and improving districts are emerging around the capital. While demand for places to live is expected to outstrip supply over the coming decades, it’s no surprise that property investment in London continues to be appealing. We expect an additional one million households to be renting by 2021, with the highest demand in London.
Property rarely sells from an advert alone – in order to get a good buyer and a great price, you need an agent acting as your personal advisor and a team behind them actively promoting your property. Most people want their property assets to be handled by professionals with experience in the market and local knowledge, which is why people use Jacksons. Working with local experts such as ours is invaluable, not least because buyers and tenants like to see a reliable agent’s label on quality property. Local knowledge is crucial to navigate the complexities of a marketplace and achieve the best possible results.
We’ve been serving the area for 21 years, so our agents are knowledgeable about South London and can provide you with advice and support. Jacksons is South London’s leading independent estate agent. Everyone who works on behalf of our company feels the same connection to the business as we imagine you do with your home. We’ve invested in Jacksons to make it the best it can be, building it into a well-known, trusted and respected local brand.