Buy-to-let properties in London 'represent very good value'
News Category: Industry News
Published: 30-Apr-2008
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People looking to rent buy-to-let properties in London will find that they offer "very good value for money".
That is according to Stephen Ludlow, director of residential property agent Ludlowthompson, who said that, quite often, tenants were getting "brand new" flats when renting in the capital.
He commented: "A lot of the investment stock, the new plan properties bought by buy-to-let buyers, are very good value for money at the moment for the tenant, because from their perspective they are moving into a brand new two bedroom, two bathroom flat."
Mr Ludlow went on to say that rental prices in London could be reduced because of the large number of new buy-to-let properties.
He said: "There is probably value for new builds stock as well from the tenant's perspective. They are benefiting from the fact that quite often those blocks have got nothing butbuy-to-let property in them, and the only way to get them let out is with a price reduction."
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