Finefair Ltd aims to offer the most flexible services for our clients. We want them to know they can rely on us to adapt if they invest in new properties or have a change in strategy. This is one of the reasons why we are one of the leading property management companies Merton has.

Outer London is still the most popular

New data for February 2021 shows that the house market in London may be cooling again. According to the figures from Land Registry, the average cost of a home in the city fell by 1.4% in the month. This pushed the average price back under £500,000 to £496,269.

While the drop may be a sign that the post lockdown boom is slowing down, the picture for the capital is still bright. Looking at the year on year figures, the value is 4.6% up on 2020.

Not every area in the capital saw a drop in prices too. In fact, several areas in Outer London had really healthy growth. The top location was Merton with a 13.3% year on year increase. Sutton also had growth in double figures with an 11.7% rise. The Queen of the Suburbs Ealing had a nice rise too with 11.4%.

Why are the suburbs so attractive?

The continued popularity of suburban locations in London is mainly due to the higher number of people now looking for homes with gardens. Locations like Merton and Sutton are more likely to offer these properties. They are also leafier, greener spots in general. A lot of people now want to live in these areas rather than busy built up parts of the city.

Outer London also gets a lot of attention because the house prices here are still far more affordable than in Central areas. As a result some buyers have to look here to get on the ladder. Others choose these destinations so they can make their budget go further. Investors can also favour these places because of the bigger potential for future increases.

What is next for London?

It will be interesting to see what happens in London in the future. The slowdown of the market in February could have been because the stamp duty holiday was nearing its end, giving people one less reason to look for properties. However, this has since been extended until the end of June. It could therefore attract more buyers to get in before then and make a purchase.

The real question is what will happen with Central London. It is unlikely that the exodus from these locations will be permanent. In fact, the people who do move permanently will leave space for a new generation of urbanites. This could bring a culture change to a number of the areas.

Working with property management companies in Merton

Finefair Ltd is a skilful, passionate team. We have a huge amount of experience when it comes to managing properties. This includes multi-million pound assets in Central London as well as family homes in the suburbs. We can cater for any kind of portfolio, giving our clients a convenient, reliable service.

When you work with us you get access to an array of options. For example, we can handle both private and council letting, offer management to suit any needs, and even arrange things like guaranteed rent. Whatever your goals for your portfolio, we can help you to achieve them.

So, why not speak to one of the top property management companies Merton has? You can ask us to create a bespoke service for you.