Although it has been a turbulent decade for house prices in London, including periods of growth and decline, new figures show it is still the most valuable market in the whole of the UK. This is something investors should keep in mind. There are a number of great locations to invest in the city. We want to have a closer look at the data here, then you can talk to us if you want guaranteed rent in London.

The data

Figures from Zoopla give the housing market in London an impressive valuation of £2.64tn. In total there are over 3.8 million homes in the city. It is by far the largest market in terms of numbers and value in the UK.

To put into perspective how big London’s housing market is, let’s compare to the rest of the UK. The £2.64tn is nearly 24% of the total value of all homes in Britain. That’s astonishing. Additionally, if you compare to the market value of the top British businesses, housing in London is worth more than the entire FTSE 100 by £0.14tn.

The valuation of the housing market is even more impressive when you consider price growth has been struggling for years. Unfortunately, high prices and issues on the financial side such as high mortgage costs have cooled activity. It is especially notable in Inner London. Prices here have risen by 10% in the decade, below 1% per year. Elsewhere in the UK, the average growth from the last ten years is 41%.

Borough by borough

Overall, the capital is still a great spot for investors. We can help, providing essential services like guaranteed rent in London. Our work with numerous borough councils means we can deliver exceptional value for every client.

Before investing, it’s important to keep in mind how diverse London is. Even more importantly, consider the massive differences in boroughs. The number of properties and their values (overall total and average) can vary massively.

If you look at the top end of the market, the five most expensive boroughs have housing markets with a total value of £703.2bn. That is 21% of the whole market for the city. At the other end, the five most affordable spots have a total value of £281.2bn.

The individual borough with the most valuable housing market is Westminster. The overall value is an astonishing £175.1bn. If you compare to the most affordable area, you can see the huge gulf in valuations. Homes in Barking and Dagenham are worth £29.7bn.

A key thing for investors to keep in mind though is house prices in Outer London boroughs rose significantly more than Inner London. Demand has been higher as people look for more affordable homes. It has kept prices moving in the right direction. Plus, there are more homes in areas like Ealing and Barnet.

Thinking about guaranteed rent in London?

London has one of the most unique property markets in the world. Although it is a big city, it actually feels like a collection of towns, each with a different personality and history. This is fantastic because it means there are areas to suit any needs, from quiet residential spots to creative districts.

If the size, value, and diversity of the housing market in London encourage you to invest, you can come to us for support. We’ve been working in the city for a long time, building relationships with councils and property owners. As a result, we’re in a great position to arrange the best solutions for various properties. Most importantly, we excel at guaranteed rent in London. Arranging it with us is easy, and you get exceptional value for money.

So, if you need any help at all, speak to us.