| If you've been considering whether to rent property in | | | | be inevitably priced out but some are simply less |
| London or take the plunge and buy, you can't have | | | | concerned with buying than the generation before |
| missed some of the amazing twists and turns the | | | | them. The average London property rent ranges from |
| market has taken in recent times. The capital is now | | | | £120 a week or a studio to a staggering £12,000 |
| one of the most expensive cities in the world for | | | | for luxury accommodation, meaning the city will suit |
| property rent per square foot, yet it still continues to | | | | many types of renters. |
| attract people from all over the world keen to rent and | | | | 3 Reasons People Choose To Buy Property In London |
| buy. This five minute guide to some of the ins and outs | | | | 1. Buy To Let May Be A Good Investment |
| of the London market recently might help you before | | | | As noted above, there is an extremely strong demand |
| you head for the estate agents: 3 reasons why | | | | for rented accommodation in London and this is |
| people choose to rent and equally 3 reasons why it's a | | | | prompting many to speculate this is an excellent time |
| good time to buy. | | | | to invest in buy-to-let properties. It has also been |
| 3 Reasons People Choose To Rent Property In | | | | speculated that alongside a growing demand in the |
| London | | | | rental sector, London property rent will only increase. |
| 1. Homebuyers Can't Find Their Dream Home | | | | 2. The 2012 Olympics |
| Many people are choosing to rent as the supply of | | | | There has been great excitement within some London |
| housing to buy has fallen making it harder for them to | | | | sectors about the hosting of the 2012 Olympics |
| find their dream home. The number of new build | | | | bringing good investment opportunities to the capital. |
| homes had decreased dramatically, and the last year | | | | There are now emerging 'property hotspots' towards |
| saw the lowest levels of new builds on record since | | | | the East of the city where prices are still lower than |
| the lowest ever on record in 1923. Property rent prices | | | | elsewhere in the capital yet what is on offer is |
| currently mean they can be well accommodated in the | | | | apparently tempting buyers from higher priced areas. |
| meantime. | | | | Some are speculating now is the time to buy and then |
| 2. Many Are Waiting For More Favourable Mortgage | | | | wait for some time until after the Olympics before |
| Conditions | | | | selling, to get a better return on your investment. |
| As well as a shortage of choice as far as getting the | | | | 3. House Prices Are Predicted To Climb From 2011 |
| right home goes, some are having difficulty securing a | | | | As well as the 2012 Olympics, another timely reason to |
| mortgage to suit them, as lending has markedly | | | | buy is that some property insiders are predicting |
| decreased in recent times. Many are opting to bide | | | | property prices will begin to climb from 2011. Some are |
| their time and simply rent property in London in the | | | | even predicting as much as a 43% rise in house prices |
| interim. | | | | for premium properties over the next five years. So |
| 3. Renting Is The New Vogue | | | | although the London property pages have certainly |
| No matter how long they've embraced the London | | | | seen their fair share of doom and gloom in recent |
| lifestyle for, one trend that is emerging is that | | | | years, there are many arguments to say that buying in |
| Londoners are now starting to follow the European | | | | the capital still represents an excellent investment in |
| model, with home ownership less of a priority for many | | | | your future. |
| young professionals than in previous years. Some will | | | | |