London Rents Predicted to Rise in 2018
Find out about anticipated London rent increase in 2018
According to estate agent Knight Frank, rents in London are predicted to rise 0.5% in 2018, despite the current climate of political and economic uncertainty.
Furthermore, in the 12 months to May 2018, Knight Frank found that middle price bracket rents in London have increased by 1%, with a particular strengthening of rental values in outer London, where supply has fallen.
With the cost of renting in London forecast to increase, Shared Ownership represents a great alternative to renting a property privately. Indeed, in most cases, when first time buyers purchase a home with Shared Ownership it results in a cheaper monthly outlay versus renting a property from a private landlord.
Shared Ownership enables buyers to purchase a share of a property (usually between 25% and 75%) and pay a low rent on the remaining share. This significantly reduces the deposit requirement and mortgage amount. Furthermore, Shared Ownership buyers can increase their share at any time.
Are you looking for a stylish and modern home in London?
Southern Home Ownership is dedicated to providing stylish, high quality and contemporary new homes for sale on a Shared Ownership basis. If you're a first-time buyer and interested in owning a Shared Ownership property in London or the South East then click on this link to take a look at our latest developments.