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Tips For Buying A Property In London

Whether you want to rent it out or move in yourself, buying property in London is a fantastic investment. The UK’s capital city is one of the most sought after places to live in the world. With it’s history, culture, and infectious energy it’s not hard to see why. But this means that competition for property is fierce, and house prices are high. While this can make things difficult, it’s not entirely impossible. Take a look at these tips to make finding and buying a suitable property in London as stress-free as possible.

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Don’t just stick to Central London

Central London is renowned for having an expensive housing market. Unless you have a big budget to work with you might find it difficult to find properties within your price range here. So it might be advantageous to widen our search parameters. Locations such as Croydon and Barking could have more affordable house prices. Or you may want to try the areas surrounding London instead. St Albans and Epsom, for example, both have brilliant transport links and lower house prices. Meaning you can commute into London in under half an hour. To find out more visit http://www.taylorsestateagents.co.uk/forsaleoffice/st.-albans/1341/. Research the varying house prices in these areas to see which best suits your budget. Also, look into local shops, public transport and accommodation types.

Don’t take too long to decide

As previously stated, you will be up against a lot of competition when it comes to buying property in London. It doesn’t matter if it’s a large house or small apartment, they aren’t usually on the market for very long. Even property in the surrounding areas get sold quickly. So once you’ve been to a viewing, don’t take too long to decide whether you want it or not. As chances are it could be gone within a few days. But don’t buy on impulse either. Some real estate agent can apply pressure to get a quick sale. But give yourself some reflection time to think your options through. Always take a friend or relative with you too as they can offer a different perspective and opinion.

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Get family involved

As London’s property prices are so high, first-time buyers often don’t have a chance to compete. But many people are now getting their friends and family to help them raise the funds they need. Property in London will always be in demand. So if you want to sell in future, you will almost certainly make a return on yours and your family’s investment. Discuss this at length with your family and friends to see whether they might be interested. For more information, see https://www.moneyadviceservice.org.uk/en/articles/investing-in-property.

Take what you have learned from these tips and use it to get your search off to a fantastic start. To find deals when furnishing your new home, check out Mamma.com. Remember that keeping an open mind and being flexible will also help you find a property in no time. So what are you waiting for? Get your property search started today!!




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