As we look back across the last year, we see that
UK property prices have seen unprecedented levels
of growth. This has been particularly noticeable in
the nation’s capital, where already high prices
rose even more.
compounds this is that according to the latest predictions,
we can expect the prices and rental costs to go up
by at least 5% in 2015. This combined with ever-increasing
numbers of people and demand, means finding a suitable
property in London has never been a more daunting
task. That being said, living in London is by no means
out of the question. There are ways to make this more
manageable and help you to secure a property in and
around the London area. So whether you intend to buy
or to rent, what follows are just some of the means
in which to do so.
First and foremost, unless you are in a position to
afford a high-end property you need to seriously consider
the area you wish to live in. Do your research and
look online at property forums about what particular
boroughs can offer you for the cost, in terms things
like: commuter links, neighbourhoods and amenities.
Equally, if you are looking in the high-end markets,
there is no harm in reading up on what your desired
area can offer you.
About the Future
You need to consider how long you intend to stay in
this property. If you are renting remember that your
rent might increase as demand does. Whereas buyers
should look into the forecasts regarding house prices
and question whether it will be a worthwhile investment.
Up for Initial Expenses
This might sound obvious, but sometimes people can
neglect the cost of the deposits needed to secure
a rental property. At the same time, administrative
fees and utility costs can be substantial in London
when buying or renting. The best course of action
is simple; give yourself enough time to save up and
budget above what you expect your maximum expense
Established Estate Agents
The best estate agents for London properties are the
ones that are actually based in the capital, as they
will have a thorough understanding of the areas they
operate in. Morgan
Randall being one example of an Agent that has
a number of branches in different parts of the city.
way to tell if an Estate Agent is a reliable one is
by how long they have been in business and how regularly
they update their listings. If they have been around
for a while it shows they have a solid business foundation
and have successfully dealt with the ever-changing
property markets. These agents will do their best
to find you a property that suits your financial situation.