DAA Residential comments in the London Property Magazine March 2012 Buy to Let – The Way To Go?

Moving into the New Year we are becoming more enthusiastic about the future. Early signs are encouraging. The first group of properties listed of the year in Wapping resulted in 82% of the properties going under offer, mainly to first time purchasers or investors. There is a growing sentiment that Wapping and Docklands investment property, with its combination of relative safety and yield is amongst one of the best asset classes available for investors.

Wapping and Docklands property has a lot going for it. Ever-growing Asian interest, a significant undersupply of housing, yields in many cases well above 5.0% and vacancy rates still around 4.0%. The vacancy rates remain at an all-time low with the majority of properties let within a week of marketing.

To all intents and purposes, this is a landlords’ market and the early signs are that the market will continue in this way. So in my opinion, now is the time to reconsider an investment property in the area.

Natasha Bedenik

Director, Lettings