Finefair is a professional team that sets excellent standards for every service we offer. As a result landlords and investors can really trust us to achieve the best for them. Our focus and ability to arrange suitable schemes makes us the best name for council leasing City of London has.
Positive signs for house prices
House prices in London have been volatile for the past three years. Some areas have had growth whereas others have seen prices fall. In fact the average for the city has been a decline in values over that period. However the latest figures for October show more positive signs.
According to the data from Zoopla, house prices in London rose by an impressive 1% year on year in October. Only four Boroughs in the capital saw a decline in price, but even then the drop was much smaller than a year ago. Redbridge had 0 growth, so prices did not rise but also didn’t fall back. The other 28 areas all had a rise in values.
The 1% growth is the highest in the city for the past two years. There are several reasons behind the rise in prices. Firstly is the fact that supply is still limited in many areas. As a result the demand for the houses that are available is pushing up the price.
Another potential cause of the rise in demand and prices was the announcement of the general election on December 12th. Many people who were thinking of buying may have made the commitment before a potential change in the political environment.
Finally, another reason for the rise is more realistic pricing. Before 2016 demand for homes was incredibly high. As a result lots of properties were entering the market with a higher asking price. In fact, the difference between the price of homes when they first went on the market to their selling price was a huge 20%. This has now fallen as demand has cooled, settling at a more acceptable 5%.
Performance
If you are looking for assets, there are lots of interesting areas in the capital. Finefair can help you to find them and then arranges reliable services. While we are the best for council leasing City of London has, we also work in all other Boroughs. On top of this we provide solutions such as guaranteed rent, management, and more.
The new data for house prices shows that Southwark had the best year on year rise. The growth was an impressive 2.5%, bouncing back from a -2.5% fall 12 months ago. It was the only area to break the 2% barrier. Ten areas were over 1%, including Hounslow (1.8%), Kingston upon Thames (1.7%), and Islington (1.7%). City of London had the final position with 1.1% growth.
Arranging council leasing in the City of London
If you need help to arrange a scheme for your property, rely on Finefair. We have lots of experience and plenty of happy clients. When you need council leasing City of London has no better team to work with. So, contact us today to learn more.
