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Regardless of whether you are an experienced property investor or merely an individual who's looking to buy a house in the region, London has generally had an enduring appeal in the property industry. However, as house costs across Britain have continued to rise over the last couple of years, there has been a lack of investment in the London property market place the result is that now, a buyer's marketplace exists in London, with the tactical property investor expecting returns of 6.5% to 7%.
According to property authorities there are various London property hotspots - and now is the time to take advantage of them. Fulham, Notting Hill and Pimlico, for instance, have recently seen their properties drop in price the market in these areas, on the other hand, is now recovering. And as the residence market place in these already nicely-established locations begins to revive, other areas in London which are not standard property hotspots have also begun to choose up. For example, Peckham utilised to be the second most-deprived Local Authority in England nevertheless, thanks to a £300 million mix of government and private investment, Peckham won an award in 2003 for local tourism initiatives. The scheme resulted in 2000 newly designed homes in Peckham and the area has attracted a greater quantity of retail shops. As a result, it is now one of the preferred places for property investment in London.
As the city gears up for the 2012 Olympic Games, London authorities have been gathering funds for growing investment in London's East End. Nonetheless, even before the 2005 announcement, areas of East London and Stratford had been benefiting from substantial government investment, generating the region 1 of the city's prime property hotspots. Costs have been rising steadily, and redevelopment plans mean that these areas of London are quickly becoming some of the capital's most desirable places to live.
Other redevelopment programmes are occurring across London Elephant and Castle, for example, has been absorbing the effects of inward-investment and is yet another emerging London property hotspot. While people today wanting to invest in could see a golden opportunity in the current property market place, it is important not to get carried away by the lure of a profitable investment buyers need to have patience as it can normally take anywhere from 15 to 20 years to realise a decent return on your investment.
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