Camden – New Build Investor Guide. Helping you make informed decisions.

We have put this series of posts together on London’s 32 boroughs to give you a picture of what is happening in the new build market and where the opportunities will be in 2023. This article focuses on Camden.

Information and timing are critical to generating wealth when it comes to investing in new build property. Most investors simply don’t have access to enough information to make an informed investment decision buying off plan. High quality information is reserved for big investors who get all the best deals.

2023 The Year of the Investor

Many are pessimistic about the short-term prospects for the London property market. We think it provides one of the best buying opportunities for buy to let investors in several years.

Good property investors make investments in times of uncertainty, the key to making a good decision is having access to all the information.

Camden – New Housing Analysis

Camden has averaged 321 sales p.a. between 2009 and 2022.  New construction starts over the same period have averaged 372 p.a. over the same period. Over the same period the construction volume of new homes has been very high 861 p.a.

New planning applications over the same period have been the same have been on average 561 p.a. But spiked last year at 1,621.

Chart displaying new build analysis for Camden.

Camden – Properties due to complete but Unsold

The number of completed and unsold property in Camden has been persistently high since 2012. Whilst the average between 2009 and 2022 is 483 p.a. at the end of 2021 there were 945 properties under construction and unsold.

There are currently 11 housing schemes under construction in 2022 due to complete next year. Of these schemes two are BTR and two are sold out. Of the remaining 7:

  • 3 schemes are yet to launch (156 properties)
  • 2 schemes are currently on the market
  • 2 schemes are part sold and on hold

The estimated average asking price for those schemes with remaining property is £1,114 per ft².

Opportunities for Investors in Camden

Camden has a considerable about of property due to complete next year and not currently sold. In addition, it is at a relatively high price point. Many developers will look to manage their sold positions to ensure they have no stock units.

It is likely that there will be significant opportunities for investors to buy in Camden in 2023 and 2024. It is a market to watch.

Risks for investors in Camden

There are certainly risks for investors looking to buy in Camden, the major ones are likely to be the following:

  • Supply – there is a significant amount of property under construction, there is likely to be pricing pressure in the short to medium term
  • Rents – there may well be pressure on rents as new supply comes online

Camden is likely a relatively low risk market from an investor perspective there is a good local rental market. However, it is likely that opportunities to buy well will also be few and far between.

If you want to find out more about which developments are likely to come to market next year in Camden email us at [email protected]. You may also be interested to read our more detailed guide for investors in the London Borough of Camden, which contains economic and demographic data to help inform your investment decisions.

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