Buy to owners 'see high returns' on riverfront

07 January 2010

Written by David Whittaker

Buy to let landlords could see high returns if they own property with a view of the River Thames, according to a property consultant.

James Hyman, partner for residential sales at Cluttons property consultants, said that landlords "will continue to demand good returns on investment through rental yields, in addition to reaping the rewards when they come to sell".

This is due to people moving back in to the capital over the past five years from various suburbs who want waterfront living.

He added that the river is home to some of the most innovative and aesthetically pleasing developments in the city.

A limited supply is the main reason for this drive over the past year because it is not easy to find a riverfront view in Central London, Mr Hyman continued.

Cluttons revealed its findings after comparing those properties which do look on onto the river with those that do not.

The latter have lost 13 per cent in price over the past two years, while the former have lost four per cent, it was noted.

It follows research from Primelocation.com indicated that 2010 will see a greater number of prime properties on the UK market.

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