With its erratically soaring prices in the past few years, it is quite understandable if you have given the capital a miss when looking for property in which to invest.
Now that prices in the market nationwide are beginning to stabilise and those in some parts of London have actually begun to fall, Property Investor Today, in an article dated the 14th of December 2018, suggests that now might be the time to consider investing in the capital once again.
It warns that the picture is less than even. As always, therefore, the shrewd investor needs to do careful research in identifying those areas where prices have fallen and distinguish them from those which have seen less downward movement.
Meticulous research and careful decisions need to be made, since there are no obvious patterns for the best areas across the metropolis.
Nevertheless, the publication identifies some of the following potential parts of the city:
- King’s Cross and Battersea look promising – spurred on by a number of recent up-market developments;
- fashionably hip Shad Thames and Borough are also attracting the younger crowd, with the Elephant and Castle showing signs of the next emerging hotspot before prices begin to rise;
- some areas – such as Hoxton and Shoreditch – saw their place in the limelight confirmed only recently, so prices there remain robust;
- the same is more or less true of Clapham South and Balham, yet in nearby Fulham, prices have dipped significantly;
- prices in Notting Hill and Hampstead may have fallen within your range with recent changes, but those in nearby Little Venice and Maida Vale have seen little movement.
Property investment in London continues to require care, but shrewd research may unearth areas where new opportunities are beginning to come alive suggests the news story.