London based property expert, Simon Barnes explains the do’s and the don’ts for private investors looking to buy property in London’s villages.
The London property market is booming. Buyers throughout the world have heard stories of huge monthly price rises, property bubbles and quick profits. Property sales exhibitions are being offered in South East Asia and throughout the world to entice both corporate and private investors.
If you are an individual looking to purchase a property in London, you may not know where to start or make the mistake of following the large corporates, who are currently buying up residential tower blocks in Docklands and Canary Wharf, not to mention the well publicized renovation projects like Battersea Power Station.
In central London’s current property market, these companies are often in a position to turnaround new property at a quick profit, with the advantage of being able to buy volume stock at a discounted price. However, as the market becomes saturated and prices become too expensive for the domestic market, these developments are less likely to secure quick sales. Furthermore, rental income may also become more risky as the market becomes saturated and the price tipping point is reached. [Read more…]