Landlord Tip-Off - find discounted homes in London
Landlords wanting to break into London buy to let have been provided with a guide to boroughs with the most discounted properties.
The Benham and Reeves lettings agency says sellers are remaining realistic about their price expectations in current market conditions.
This means there are plenty of homes selling at a reduced price compared to the initial asking price they first entered the market at.
Across London as a whole, 31 per cent of homes listed for sale have seen a reduction in asking price while on the market.
Lambeth provides the best chance of securing a discounted London property in current market conditions, with 38 per cent of property stock listed for sale in the borough having seen a reduction in asking price.
Hammersmith and Fulham also presents a good opportunity of finding a discounted purchase, with 37 per cent of all homes seeing a downward adjustment in asking price.
Camden, Kensington and Chelsea and Wandsworth have also seen 36 per cent of homes reduce in price, with Southwark (35 per cent) and Westminster, Merton, Richmond and Tower Hamlets also making the top 10.
In contrast, just 18 per cent of homes in Barking and Dagenham have had the asking price reduced, the lowest proportion of all London boroughs.
If you want to buy or sell your home, or let or rent a property, get in touch with Relocation Homes, North London Property Management and Letting Agent.
Letting and Management Agency North London
