Trying to predict which areas will have the biggest rise in prices each year is very tricky. If you guess correctly though and invest at the right time, you could get big returns. We would love to help here. Finefair Ltd can suggest which areas could be a good option. We can then provide expert services if you need help. This can include the most reliable property management Islington can offer. So, why not start looking today?
What to look for?
There are a number of things that can indicate an area is moving in the right direction and could see a big increase in demand. For example, you could start to see a lot of regeneration projects. If there are skips outside of lots of homes, it is a sign that the owners are improving them. This could be in preparation of selling or taking on tenants. It could also be a sign that new owners are getting the property how they want it.
You can also see signs that could show a jump in demand is likely in the local area. If there are lots of new businesses opening, especially cafes and restaurants, it is a good sign there is demand.
You can also check the market to see how quickly homes are moving. If they sell very quickly, the demand must be there. You could even ask estate agents for details of how many viewings there have been.
Areas to watch
London is a fantastic area with lots of wonderful postcodes. A number of them could experience really high demand this year. Below are some of the interesting ones.
Angel – EC1V
This part of Islington has a fantastic community feel and some really excellent amenities. For example, locals are within walking distance of the West End. There is also easy access to popular Shoreditch and Spitalfields Market. While it may lack greenery, there are some great walking trails along Regent’s Canal.
Amazingly, Islington is one area that saw an exodus of people in 2020 because of Covid and the lockdowns. Last year though there was a 7% surge in demand. Some of these people were moving back to the area and others were relocating to London for the first time. If you are thinking of investing in this part of the city, Angel is a great choice. Plus we are on hand to provide the best property management Islington can offer.
Barking – IG11
Demand for homes in this part of East London has risen by an impressive 12% in the last year. There is a lot to love here, including the fact that it is a prime location for regeneration. There are lots of wonderful new riverside apartments in what the local council is hoping will become a “mini Manhattan”. In addition there are plans to regenerate the town centre with lots of new amenities.
This is still one of the most affordable parts of London. On top of that there are great transport links, green spaces, and some wonderful attractions. While demand has been high, the affordability means it will likely continue to be a popular spot in 2022 and beyond.
Victoria – SW1W
Many Central London locations have had a hard time due to the Covid pandemic. However, Victoria has had a wonderful year. Demand flew up by 19% in 2021. There was a lot of focus on the luxury homes near the Station. A decade ago it was a neglected part of the area. Since then though it has become a residential hub with everything you could need on the doorstep, including shops, restaurants, and leisure options.
The location is also ultra convenient and has lots of transport links. At the same time, prices are still more affordable than many other central locations. This is particularly surprising because it has a reputation for larger homes that are better suited to working from home. Experts are predicting this will become a Prime location before too long.
Ask us about property management in Islington and more
At Finefair Ltd we love how exciting the city is. There are areas to meet all kinds of needs, whether you want a village or suburban feel or prefer to be in an ultra urban spot. You can choose locations with high demand or lesser known districts. It all comes down to your strategy and what you want to achieve.
If you need help with any aspect of property investment and ownership, we can work with you. We excel at managing properties, as you can probably tell from the fact we are a top provider of property management Islington landlords rely on. But, on top of this we can arrange guaranteed rent, portfolio reviews, lettings, and more.
You can call us to arrange a fantastic service.