London is famous for its prime properties and high prices. From first-time buyers to foreign investors, everyone wants to own property in London! In 2019, a first-time buyer spent an average of £412,600 to buy a property. Of course, we all know that properties can sell for £1 million in the heart of London, especially properties in prime locations. From gorgeous penthouses to spacious townhouses, and luxurious apartments, London has it all.
If you’re looking for properties in London in 2021, to invest in, to call your home or to own as buy to let properties, then you’re in luck. Due to the Covid-19 pandemic, London has now become a buyer’s market. While some sellers are quoting exorbitantly high prices, most sellers are willing to sell properties at a discount because of the limited demand while the supply is constant. Considering that London will continue to remain a buyer’s market in 2021 and the current stamp duty holiday until the 31st of March, 2021, it is a great time to invest in London property. So, before you start looking for properties for sale in Marylebone or Hyde Park, here is a list of some of the best areas and locations to buy property in London in 2021.
Royal Docks in East London is a riverside industrial district that has become quite a hotspot among property investors. With development properties along the river Thames and apartments with a view of the gorgeous London skyline, the properties available in Royal Docks are breathtaking. With a modern mix of old and new, Royal Docks is becoming a trendy spot among young professionals and new-age people looking to live in upcoming cities that are very close to central London – with the Royal Docks being just 20 minutes away from the centre of London city! A beautiful lake, various green spaces, up and coming bars and restaurants, and proximity to the river Thames, Royal Docks is definitely a location with high potential in the future.
Barnes is a district in the London Borough of Richmond which is located along the river Thames. With high-end properties, some of the best private schools in London and a family-friendly urban village atmosphere, Barnes is becoming very popular among high-end buyers. Many prominent investors and homeowners are moving from their central London homes and investing in property in Barnes. From high-end villas to Victorian townhouses, as well as attached and semi-attached homes with terraces and garden spaces, Barnes really does have a variety of homes. So, while you might be looking for properties for sale in Kings Cross, now might also be the time for you to start thinking about investing in a property in Barnes as well! With a strong sense of community and many open spaces, Barnes is becoming quite popular among real estate investors and new homeowners.
You don’t need to be a sports fan to know that Wembley is the home of sports in London! Thanks to the infamous Wembley Stadium and Wembley Arena, Wembley is often frequented by locals and tourists alike. Recently, thanks to significant investments and infrastructural developments, Wembley is becoming one of the most popular areas in London among first-time buyers and young families. This area is actually very popular among working professionals, given that it is just 15 minutes away from central London. In fact, the Lycée International de Londres Winston Churchill, a fully bilingual international school, has brought families from all over the UK and families from across the globe to Wembley. Offering a mix of history, culture and a whole lot of sports, Wembley is a great place to buy property in the near future!
If you’re thinking about investing in buy to let properties in 2021, then Newham is the place for you. Newham is known to have the highest rental yields in the East Ham area, with a whopping 5.8 per cent rental yields. Newham is an East London borough that has seen significant growth in population and property prices since 2005. While it might have been the 2012 Olympics that put Newham on the map, speedy growth and development, modern infrastructure and affordable housing have made Newham very popular among homebuyers and real estate investors. As a matter of fact, experts believe that the real estate prices of Newham might actually outperform the rest of London in the coming years!
So, the next time you find yourself looking for properties for sale in Hyde Park, you might want to consider looking at properties in these up and coming districts. While Hyde Park is regarded as a prime location in London, it seems that homeowners and first-time buyers prefer to move to the boroughs of London, where the developments are newer, the areas are greener and where they can enjoy the best of both worlds. To find excellent properties in upcoming areas in London, get in touch with Berkshire Hathaway HomeServices Kay & Co estate agents in London.