Portico Reveals 8 Potential Property Hotspots for 2020
By |Published On: 15th January 2020|

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Portico Reveals 8 Potential Property Hotspots for 2020

By |Published On: 15th January 2020|

This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.

If you’re looking for somewhere new to invest this year, leading estate agent Portico has revealed eight potential London property hotspots for 2020.

With house prices in London remaining relatively flat over the last couple of years and wage growth increasing, the agent has calculated that it has become 10% more affordable to purchase a property in the capital.

Vatche Cherchian, Portico’s Regional Director, comments: “While house prices in London have remained relatively flat over the last couple of years, wage growth hasn’t. We’ve actually seen a 4% growth year-on-year in wages. And if you tally that wage growth increase up against flatlining London house prices, what you’re saying in real-terms is that it has become around 10% cheaper to buy a property, which is encouraging.”

There has also been an increasing demand for rental properties in London, but a low supply of stock. This has resulted in increasing rents and healthy yields.

The recent housing report from Tony Blair states that, if we see the Conservative manifesto proposals carried out, we could see a 26% rise in prices. For investors looking to use these factors to their advantage, Portico has used its extensive market research and London rental yield data to conclude the following property hotspots for 2020:

1. Barking & Dagenham 

Average house price: £318,527*

Average rental yield: 5.4%**

2. Sutton 

Average house price: £387,286*

Average rental yield: 4.4%**

3. Havering 

Average house price: £392,031*

Average rental yield: 4.9%**

4. Ilford 

Average house price: £421,226*

Average rental yield: 5.5%**

5. Newham 

Average house price: £445,425*

Average rental yield: 4.9%**

6. Redbridge 

Average house price: £488,632*

Average rental yield: 5%**

7. Hounslow 

Average house price: £497,758*

Average rental yield: 4.7%**

8. Tower Hamlets 

Average house price: £545,550*

Average rental yield: 4%**

*Rightmove data correct as of 16.12.2019

**Portico rental yield map data correct as of 16.12.2019

About the Author: Em Morley (she/they)

Em is the Content Marketing Manager for Just Landlords, with over five years of experience writing for insurance and property websites. Together with the knowledge and expertise of the Just Landlords underwriting team, Em aims to provide those in the property industry with helpful resources. When she’s not at her computer researching and writing property and insurance guides, you’ll find her exploring the British countryside, searching for geocaches.

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