We are proud to be able to arrange the most reliable services for block management Brent has to offer. Our team has experience working with local authorities all over London. By building relationships with them, we are able to deliver hands free solutions for our clients that can also include guaranteed rent. No matter what it is you need, we can help achieve it.
A new analysis of second properties
Many people dream of owning their own home. However, some go a step further and buy more than one. They may choose second properties as investment assets (buy to let), holiday homes, or a place to live while they are working if their main residence is outside easy commuting distance.
According to new data from Octane Capital, London is the best spot for secondary homes in England. They looked at property purchases in the last fiscal year and found that 29% of the sales in the capital were second homes. This is higher than the average for England (23%).
According to the lender, the market has been on fire in the previous two years. One of the reasons behind this high demand is that people are purchasing additional properties. Their estimates state that 10% of the population possess an extra property. Most of them are opting for buy-to-let residences. If you need assistance from the top company working in block management Brent has, feel free to call us.
The analysis concluded that there were 230,800 extra building purchases due to second homes. This equates to 23% of every housing market transaction in 2021. Regionally, other locations where extra homes were above the 23% average include the North East and the North West (both 26%), and Humber and Yorkshire (24%).
London’s most active markets
Kensington and Chelsea was the most popular location for second home purchases according to the data. Here, 1,200 sales were equal to 52% of the borough’s market activity. In Westminster, these homes represent 48% of the transactions. Camden and Harrow were at 38%, and Brent came in at 37%.
There are those that might frown upon the idea of having a second house. However, the fact is that most of the deals are coming from buy-to-let landlords rather than high-end homeowners. Most people aren’t limiting the stock availability by buying rarely utilised holiday retreats. Even though nearly a quarter of the transactions are secondary houses, many are well though-out purchases. It can give extra rental stock to a country that is relying more and more on long-term renting because of high prices.
Block management in Brent that works for you
At Finefair Ltd, we help clients to identify what will work for you. This could be investing in specific assets or targeting certain types of letting. That is why many consider us to be the ideal partner. In addition, we adapt the services we offer so that we can meet everyone’s individual specifications.
So, if you want to start working with us, you are welcome to get in touch. We can explain how we provide the best block management Brent has and what benefits it will give you. Then, if you choose to proceed, we can take care of everything for you.
