In a study by Direct Line Home Insurance, it is found first-time home buyers need to find £43,623 more today than they did in 2016 to buy their first house. This represents a 24% increase in the cost of stepping on the property ladder.
At David Harris & Co, we know there are many challenges for landlords to meet in and around Finchley. There is considerable demand for rental property in this part of London, which is brilliant news for people looking to enter the lettings sector.
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According to a recent review, property buyers in London saved more than £1bn thanks to the stamp duty holiday. Analysis of close to 87,000 property deals in the capital, saw a figure of more than £1,01bn saved in the first wave of the stamp duty holiday.
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There has been a lot written and said about people leaving London, but at David Harris & Co, we don’t think this is the case.
Expert advice for rental property owners.
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Given everything that has been said about the London housing and rental market over the past year, you would be forgiven for thinking the capital is now like a ghost town. Of course, the reports of London’s demise have been grossly exaggerated.
