Information and timing are critical to generating wealth when it comes to investing in new build property. If you’re buying in Hammersmith and Fulham or anywhere else in the UK, 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.
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.
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.
Hammersmith and Fulham – New housing analysis
Hammersmith and Fulham has had an average 456 sales p.a. in the new build market, since 2009. However, the number of sales has steadily declined since 2014. New construction starts have averaged 512 p.a. since 2009. During the same period the average annual construction volume has been a 1,441 p.a.
New planning applications have been on average 1,452 p.a. However, the number of new planning applications has declined significantly over the past 3 years.
Hammersmith and Fulham – Properties due to complete but Unsold
At the end of Q3, 2022 there were 73 complete and unsold properties. There are a further 104 properties due to complete next year which are currently unsold.
Most of the stock of property due to complete next year which is currently unsold sits with a single developer. It is our view most of this stock will be sold via natural absorption.
Opportunities for Investors in Hammersmith and Fulham
Hammersmith and Fulham represents a relatively limited opportunity for investors.
Risks for investors in Hammersmith and Fulham
Hammersmith and Fulham is likely to suffer from a significant shortage of rental accommodation in the short to medium term. This will no doubt put pressure on existing rentals and is good news for those with rental property currently.
If you want to find out more about which developments are likely to come to market next year in Hammersmith and Fulham email us at [email protected]. If you’re a property investor you may also be interested to read our detailed guide to the London Borough of Hammersmith and Fulham which contains demographic, economic and sales data, designed to help you make informed investment decisions.
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