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How to get into property investment in London

In the current economic climate, people are constantly on the lookout for opportunities to increase their income and investing in property is a popular way to do this. But with house prices continuing to fluctuate around the country, they only place they remain very strong is in London. For those considering property investment, London is a very good place to start.

According to figures from the BBC (http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/houses.stm),the average house price for the UK is £228,095 while the average for London is nearly double that at £419,091,rising 3.1 per cent in the past year while the national average fell by 2.9 per cent.

There are a variety of different types of property investment in London. One of these is property development, where an investor will buy a property, refurbish it and then sell it on for a profit. This is something investors can either undertake themselves or they can hire a management company to do it for them. You can find out more information about property development in London on http://www.obbard.co.uk/ which specialises in the redevelopment of London property.

Alternatively, if the investor does not wish to sell the property they can rent it out to tenants in a scheme known as ‘buy to let’. In this instance, the investor would become landlord to independent renters. More can be found out about this initiative at http://www.fasttrackproperty.com/ and http://www.winkworth.co.uk/buying-property/buy-to-let.

Property investment in London is not for the faint-hearted and is definitely not something that should be undertaken lightly. It is a big commitment and like any investment, there is no guarantee of a high return. But for those who have the stomach for it, the rewards have the potential to be great.

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