Wednesday, 16 July 2014

Half of All New Build In London Sold Off To Buy-To-Let Market

Nearly half (46%) of all the new build accommodation sold during 2013 in London has been snapped up by the buy-to-let market. And the new research by specialist fund and asset managers London Central Portfolio shows that £1.2 billion in new build accommodation has been sold in the capital so far this year. Last year saw 40% of new build homes in Westminster sold to buy-to-let magnates, while 52% went the way of investors in Kensington and Chelsea. The sales mirror data from the 2011 census which shows 50% of all privately owned units in central London are let out. Read more on 24dash.

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