News on Property Today by TPFG

Ellis & Co highlight London trends in new report

Ellis & Co has launched its latest Market Intelligence Report which reveals an average boost of 15.7% to house prices in suburbs surrounding investment infrastructure.

As part of its national campaign which looks at key trends across the industry, the report provides an in-depth analysis of the buy-to-let and private rental sector across the whole of London, supporting landlords in identifying investment areas with the highest growth potential.

The report was compiled in partnership with Dataloft in association with sister company Martin & Co.

Completed projects in the region have seen house prices increase by over a quarter in some locations, with improvements to the Dartford Crossing seeing capital growth of 26.1% across the immediate area from 2014 to 2016.

The high profile Crossrail project, due to operate from 2018, is expected to boost house prices along its route by up to 25%, and there are a large number of similar multi-million pound projects in the pipeline over the next few years.

Despite apprehensions around mortgage tax relief changes, higher stamp duty, and the proposed tenant fee bans, the published report also highlights a strong growth in London's private rented sector with average rents in outer parts 0.7% higher in the first quarter of 2017 than the same period a year earlier. Across the sales market, prices have remained resilient with average prices across six London Boroughs rising by more than 10% over the past 12 months.

Copies of the report are available and free to all landlords from every Ellis & Co office.

Ellis & Co has a rich and proud heritage dating back over 160 years and is one of London's most successful and well-respected estate agent brands.

With a network of offices situated in and around the M25, Ellis & Co has an enviable and deserved reputation for exceptional service across all areas of residential sales and lettings, delivered by a highly experienced property experts who are all proud supporters of the local communities they serve.

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