London’s Tech boom is fuel residential property

LLNH Ltd London and Singapore

The new urban city fringe area of London’s vibrant capital boasts a raft of new tech hubs for major corporations and global design houses. The companies are fuelling the growth of local residential areas that were once forgotten.

City Road in Islington is one of these areas. Property developers such as Mount Anvil and Grove World are redeveloping the landscape and the local vista with attractive high-rise towers that incorporate the finest facilities money can buy.

Dominic Swinfield of London Land and New Homes said, “ We are very excited to be involved in these projects. I regularly meet international landlords and seasoned property investors across Asia and Europe that have purchased in these areas and have made huge capital growth in only a matter of 12-18 months. We are seeing a lot of new landlords instructing our property management services to lease and maintain their costly investments. Marketing prices in these location have now exceeded the £1000 per square foot, which was unachievable two or three years ago”.

Dominic has operated in London property for over 15 years and has a solid background in Asian investors through his operations in London and Singapore. Rents have increased at a healthy pace due to mortgage companies not offering competitive mortgage rates to new buyers, making the lettings market very attractive for investors.

LLNH has a selection of fantastic apartments in these areas for investors and home owners at www.llnh.co.uk or call +44 203 515 0023 for more information.

 

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