Ellisons publish up to date property information focusing on current market trends and events.
Residential sale properties have seen continued growth since the downturn in prices in 2008. Some areas such as Wimbledon SW19 have actually caught up with sale prices in 2007.
The Buy to Let market in Merton has recently seen a strong increase in rental returns showing the first signs that this sector is prospering.
Please read our Property News reports for insights in to the market.
Wimbledon rents increase by 9% over the last 12 months
Demand for rental properties has reached unprecedented levels with rents increasing every quarter.
With first time buyers needing to save longer for their deposit, due to mortgages now requiring a minimum of 10-15% deposit they are taking the rental option adding to the number who normally rent.
In Europe for many years the rental market has been substantially higher than the UK market but the gap is narrowing.
Nicky Barnes, letting manager says “I cannot see the market reducing for some years. Our landlords have seen exceptional returns on their investment but the tenants have to pay a higher proportion of their income every year on renting”
Ellisons deal exclusively in the Wimbledon, Morden, Raynes Park, West Wimbledon, Motspur Park, Colliers Wood and Merton Park areas.
For valuation, viewing, and general advice on property call or email us today
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