Buying London

Why Buy Property in London?

London is a global city, home to an array of cultures, languages, and cuisines. With its financial and cultural significance, as well as countless opportunities for work, education and nightlife, it’s no wonder that the city is a popular destination for property buyers worldwide.

While London property may come at a premium, it is a good investment for its potential capital growth in the future. London’s property market has remained relatively stable over the years, with an average growth rate of 1-2% per year. Furthermore, London’s population is growing every year, meaning that there is a constant demand for housing.

The Home Buying Process In London

When purchasing property in London, it is essential to do sufficient research beforehand. This includes finding a trustworthy estate agent, getting a mortgage pre-approval, and understanding the additional fees involved in buying a property.

Once you have found the right property, you will need to pay a non-refundable holding deposit. This will take the property off the market, giving you the chance to carry out further due diligence, such as a home inspection and property survey. The next step is to exchange contracts, which is when both parties become legally committed to the transaction. Finally, you will need to pay the remaining balance, and the property will be officially yours!