Many of those employed in the banking sector will be looking to rent rather than buy and this brings an opportunity for investors who may be looking for the higher than average yields that can be found in this area.
(PRWEB UK) 23 October 2013
The report on London property prices from Data.London.Gov.UK (26 September 2013) leaves little doubt that London property remains a magnet for investors and homebuyers as prices continue to be pushed up by demand.
One area of London appears primed for significant property price movements in the coming months as the UK’s banking sector continues to recover and the feelgood factor slowly returns to the national economy.
The FT has already reported this year that “Canary Wharf will finally come of age when the UK’s “new” financial centre overtakes the traditional City of London as the biggest employer of bankers in Europe.” (Source: FT, Canary Wharf Claims High Ground On City).
Commenting on the potential of Canary Wharf property for investors, Loxley McKenzie Managing Director of Colordarcy said, “The Canary Wharf story is nothing new, it has been luring the world’s major banks since the 1990s with cheap rents and modern spacious offices.
Those banks remain and they are the driving force behind the UK economy. So we can expect more jobs being created in the banking sector as the economy grows. This will stimulate demand for properties close to places of work.
Many of those employed in the banking sector will be looking to rent rather than buy and this brings an opportunity for investors who may be looking for the higher than average yields that can be found in this area.”
Average private rents in London rose 2.2% in 2013, according to a new index of private rents from the Office for National Statistics. Canary Wharf lies in Tower Hamlets which is among the top 10 fastest growing London boroughs for rents – according to the most recent government figures (Source: Data.London.Gov.UK, 26 September 2013).
High demand for housing in Tower Hamlets has seen yearly rent increases of £1,000 according to the local press. (Source: eastlondonlines.co.uk).
Colordarcy are currently offering investors the opportunity to invest in tenanted Canary Wharf apartments priced from £365,000.
Notes to the editor:
Colordarcy is a leading property investment company that specialises in finding positive cash flow investment properties worldwide. Their aim is to provide their clients with properties that offer the unique combination of strong growth returns and cash flow positive income.
Investing in positive cash flow property significantly reduces the risk because the property will pay for itself regardless of market conditions, employment status or other financial commitments.
Colordarcy provides complete support before, during and after a sale, including finding tenants, financial assistance, viewing trips and currency services. Colordarcy are proud members of the ‘Association of International Property Professionals’ (AIPP), and abide by its code of conduct, one established to protect the buyer, by ensuring members follow professional guidelines and procedures.
Colordarcy investment property portfolio includes some of the best properties for sale in Brazil, Florida, Turkey and the United Kingdom.
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