Two in five (40%) property investors are considering investing in London property, indicating that many see value in the capital after the market cooled due to the pandemic.
While other regions have seen prices shoot in the past year London has the UK’s lowest current house price growth, at 2.2% as of July 2021 (ONS).
Some 44% of property investors intend to expand their property portfolio in the next year.
A number of investors are also eyeing the West Midlands (32%), with many likely seeing value in Birmingham.
The research comes from FJP Investment, which polled landlords with more than two properties in the UK.
Jamie Johnson, chief executive of FJP Investment, said: “The stamp duty holiday has clearly played a part in boosting activity in the property market and with the worst of the pandemic hopefully behind us and investor confidence returning, it is positive to see that property portfolio expansions are high on investors’ agendas for the coming year.
“Tellingly, London has retained its crown as an investment hotspot, despite speculation throughout the pandemic that the city may have lost its appeal as a place to live, work and invest.
The East of England (26%), South West (19%) and East Midlands (17%) complete the top five.
Northern Ireland and Wales (5%) are garnering the least interest.
While some landlords will look to cities as the economy recovers from the pandemic, 44% have become more inclined to invest in rural areas since the start of the pandemic.
Johnson added: “Our research also shows that regions such as the West Midlands and East of England rank high among investors’ wish lists, and we should expect these areas, along with the likes of the North East and North West, to attract high level of property investment in the coming years.”