Hounslow is currently considerably cheaper than central West London, which is good news for residential buyers as well and investors. With constant significant investment into the area from major developers this makes it one of Central London’s most appealing places to invest and live.
According to Aldermore, the specialist Buy To Let lender, their research shows around 41% of portfolio buy to let landlord’s objective is to grow their buy to let portfolio (Portfolio landlords are landlords that own more than one property).
So, I thought, “Are Hounslow landlords feeling the same?” ……..
In my blog about the Hounslow Property Market I mostly only talk about two of the three main sectors of the local property market, the ‘private rented sector’ and the ‘owner occupier sector’. However, as I often stress when talking to my clients, one cannot forget the third sector, that being the ‘social housing sector’ (or council housing as some people call it).
The average asking price of property in Hounslow dropped by 0.2% or £1,330 compared to a year ago, […]
The rents paid by Hounslow tenants are now standing at £1,172 per calendar month (PCM), a rise of […]
……the average rent of a Hounslow property in 2005 was £891 per month (pm) … if it had risen by inflation, today, that would be £1,255 pm. As I have already mentioned in the article, today it stands at £1,210 per month. Looking over the last 12 years……
Beast from the East, Russia, Facebook, Brexit, Trump, House prices up, House prices down … the Press is full of column inches on Brit’s favourite subjects of politics, scandal, weather and not forgetting (and I appreciate the irony of this!) the property market. As an agent belonging a national group of letting and estate agents, talking to my fellow property professionals from around the UK, the one thing that is immediately apparent is the UK does not have one property market. It is a hodgepodge patchwork (almost like a fly’s eye) of lots of small property markets all performing in different ways.
At the start of 2007 there were 1,797 properties for sale in Hounslow but by March 2008, when the credit crunch was really beginning to bite, that number had risen to 2,265 properties on the market at a time when demand was at an all-time low, thus creating an imbalance in the local property market…..