London landlords looking to expand portfolio

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Landlords operating in London are looking to take advantage of the booming property market within the capital, according to a new survey.

A poll by property-investment group Young found that 46.8 per cent of people leasing houses are looking to add to their portfolio in the coming year as more and more tenants consider to live in London, Rentman Software reports.

This figure shows the prime-rental opportunities that are available in the capital as only 27.1 per cent of landlords working outside of London are looking to boost the number of properties, although this was up from 19.7 per cent from the same time in the previous year.

More and more potential landlords are being attracted to the market of late as a recent report by LSL Property Services shows that rent prices have grown to an average of £741 a month, which is sure to catch the attention of those looking to lease houses.

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15th November 2012