In London's rental market, new build homes have become a sought-after choice for tenants, presenting a compelling prospect for buy-to-let landlords. The allure lies in the wide array of advantages these developments offer, enticing investors for several reasons:
1. Faster Letting, Premium Rental Prices, and Longer-Term Tenancy:
New homes guarantee quicker rentals, commanding higher rental prices, and fostering longer tenancy durations. Their prime locations, excellent transport links, and proximity to top-tier schools make them an appealing choice for tenants.
2. Energy Efficiency and Minimal Maintenance:
Constructed with modern methods, new homes boast energy-efficient systems that cut down on utility bills. Their design ensures reliable minimal maintenance, reducing landlord hassle and expenses.
3. Attractive Units for Sharers and Off-Plan Purchase Benefits:
Some developments offer units designed specifically for sharers, promising strong rental yields. Buying off-plan grants a warranty cover, including a two-year guarantee protecting your deposit during construction.
4. Attractive Listings and Low Maintenance Letting:
Purchasing a brand-new property ensures top-notch quality, backed by warranties. This translates to minimal maintenance, simplifying property ownership and letting processes, a key reason why new builds appeal to landlords.
5. Strong Investment Indicators:
New build homes offer a good rental yield, typically ranging between 4-6% in London. Additionally, capital appreciation potential is influenced by various factors, including regeneration efforts and infrastructure enhancements.
The continuous growth in new home sales in London positions it as a global business and finance hub, making it an attractive investment destination. For those seeking a sound investment, considering new build properties in London holds substantial promise.
Yase Property's New Homes team collaborates with London’s top developers, facilitating early bird entry to exclusive projects, and offering insights into developments and market changes. If you're interested in learning more about the potential of new build properties in London's market, or would like us to create you a customised portfolio specific to your requirements get in touch with Yase Property's New Homes team here.
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