25 Feb 25.02.2016 Top 5 London buy-to-let hotspots
25.02.2016 Top 5 London buy-to-let hotspots
The location of the property you buy to rent out will probably be the key to whether your investment proves a success or failure. You need to hit the elusive sweet spot between rentability and possibility of price growth.
1. Isle of Dogs
The area is forecast to have 110,000 jobs and 10,000 new homes by 2031, which means lots of opportunities to buy, and plenty of people to rent to.
2. Old Oak Common
As a longer-term investment, Old Oak is one of the most exciting prospects in London, with potential for 24,000 homes over the next 20 years, new shops and offices, and up to 60,000 newly-created jobs.
3. Tottenham Court Road
Tottenham Court Road are looking seriously in line for price rises, redeveloping and series of smart housing developments in the area
4. Greenwich Peninsula
Another key regeneration zone in the hinterland of O2 arena. It is well located for Canary Wharf workers.
5. Tech City
Digital capital of London is set to increase its employment capacity by 70,000 well-paid professionals looking for par a place to live.