Getting the best return on your investments can be tricky. Homes are a good option, especially if you select an area with lots of demand from potential tenants. However, you need to think about the costs here. This includes lettings, management, maintenance, and even marketing in some cases. Finefair Ltd can help you to choose the right option to achieve your goals. We arrange guaranteed rent and property management Harrow landlords love because it comes with no costs or commission. We can also offer this service across all other parts of London.
Big changes
We have been working with assets in Harrow for a very long time. As a result, we have seen all the changes in the area. We want to take a look at this here to see what conditions buyers, renters and investors currently have to face.
If you look at Harrow before the 2010s you will see an area with a good level of demand. However, it was not overly popular and was lagging behind the most fashionable parts of the city. That was a good thing for many people though. It meant that they could find more affordable housing here.
That changed in the 2010s though. The main catalyst was population growth. As more and more people chose popular areas in London, prices went up and supply became a big issue. Both made it really hard for many people to find homes. So, they began looking at other locations. Harrow was a great alternative, quieter than central spots but with good amenities. It was especially attractive for newcomers.
The problem was that Harrow soon began struggling with the same issues. Prices rose at a really impressive rate because the market was so hot. Supply could not keep up with demand. Then covid had a big impact too and more people wanted locations like this away from the centre of London. Today it can be quite difficult and costly to find a property.
Expats
Another thing we have seen during our work to provide the best property management Harrow landlords could ask for is people moving back to the area. In the past this was quite a popular spot for expats. People would move here to find more affordable housing then choose to relocate overseas to places like Spain or Greece. Prices in these countries were really great and they could find jobs and an incredible lifestyle in a new country.
However, there were changes here too. Brexit had a really big impact. It meant expats would have more trouble living and working abroad, especially once the transition period came to an end. So, a lot of them began looking to return to the UK.
The problem was that in the time they were away prices had continued to increase. So, even if they made a profit on selling their current home overseas, they may struggle to find something in Harrow or other popular parts of London. The only option for many people would be to downsize or look elsewhere.
Ask us about property management in Harrow
As you can see, Harrow is now one of the most popular parts of London. It can cause trouble for buyers, but brings opportunities for landlords. They can benefit from the high demand to earn healthy yields or even sell if they want to.
Finefair Ltd is here to give investors the perfect services. We have relationships with local councils in London that can give you access to wonderful leasing schemes. These can deliver rent guarantees, hands-off management, and no extra costs.
So, if you want to look at some of the most interesting options for property management Harrow can offer, contact us. We can give you the best advice and look at the advantages.
