Buy-to-let is still a good investment in London

Comparing April 2006 with April 2007, rents secured through Chesterton have increased across the overall market, signalling that the buy-to-let market is still strong and continues to be a good investment.

Richard Davies, Chesterton Lettings Director, comments: “Growth in Docklands and Canary Wharf has been particularly strong this year, with rents increasing 20 per cent on average, spurred on by the Olympics and increase of commercial units being built in the area. Increases are also evident across the central London market when comparing rental levels in 2007 with 2006.”

“Due to these price increases, buy-to-let continues to be a solid investment. Chesterton, however, always advises clients to look at buy-to-let as a long-term investment, certainly taking a view of at least eight years, in order to reap the maximum gains from both rental income and capital growth.”

“In the central-east area, we have also recently seen a large growth in stock, which has increased almost 300 per cent, along with a big rise in applicant levels.”