The London housing market is booming, having risen hugely in value over the past ten years. Home owners and landlords alike have taken advantage of this rise, making large profits from their investments.
Rupert Collingwood of the London Management Company said, ‘The past two years have been extraordinary. In some areas of the capital there has been a 150 or 160 per cent increase. If you invest in London, the general rule is you will double your money in ten years.’
One example of how the housing market boom has affected home owners is Danae Brook’s story. Brook, an author, bought her two bedroom, first floor flat near Notting Hill, West London with her husband Robin Duthy in 2005 for £500,000.
Now, the property is valued at £1.5 million, giving Brook and Duthy a profit of £1 million if they decided to sell. Brook said she would use the profit for her children and to visit the Arctic before it disappeared.
In order to make gains from the housing market, home owners, property managers and landlords must be organised. This is where Arthur can help.
Arthur, the number one web based property management software on the market, is a tool built for property managers by property managers, tailor-made to improve communication and efficiency in the rental market.
If you are a property manager, property owner, landlord or letting agent, your business will save time and money by using Arthur. Try out the free Arthur Demo today to see how!