Tower Hamlets and Greenwich are two of the ‘highest performing markets for landlords’ within London.
The research also shows that Newham and Croydon boroughs are thriving in terms of new housing and development, with an increase of over 20% per year.
Alongside London, Cardiff, Leeds, Birmingham, and Manchester are the best places for landlords to invest in buy-to-let property because there is strong demand for rental property.
According to the same report, 83% of landlords are keen to buy property in areas where there is high rental demand, strong development activity and good transport links.
London remains one of the best places in the UK in which to invest in property, despite the fact that rents are rising faster outside London for the first time since 2010.
Buy-to-let activity increased in the first quarter of 2016, as investors rushed to secure buy-to-let properties before the 3% stamp duty increase in April. With more rental stock available, there has been more accommodation options for tenants.
However, 60% of landlords have been affected by tax changes, while stamp duty hikes threaten to curb investor activity, which could potentially see rents increase.
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