How much does it cost to move to London? The real cost of relocation. Hundreds of thousands of people move to London each year – nearly 200,000 from around the world and slightly more than that from across Britain. So whether it’s from just down the road or from across the ocean, with so many people moving to London each year, is it any wonder than finding a flat to rent is challenging?
When making the decision to move to London you need to factor in a lot more than just rent. Answering the question, “How much does it cost to move to London?”, has to be divided into three distinct areas:
Once you’ve taken a look at the different rental prices in different areas across London and decided that you can just about afford a charming flat in Notting Hill, you’ll have to factor in the rental deposit that you have to pay, which is usually 6 – 8 weeks worth of rent, your first months rent up front and nearly always, an agency fee to the estate agent, or realtor marketing the property. Of course, London Relocation services save you money on the agency property fee, as well as negotiating a lease that is strictly in YOUR favor, but if you do choose to go direct to an agent, just be aware of the additional costs involved.
If you’re relocating to London from the US, for example, you’ll also have to find somewhere to live while you flat hunt. remember there is no MLS in London, you’ll have to arrange viewings with each agent separately. this can can days, or even weeks, if you’re lucky. (psst! That issue is also solved when you use London Relocation – we get it done in one day – up to 25 properties – one whirlwind day, and you’re sorted!)
Removals costs, storage (less space in London – trust me on this cost being a factor) and insurances can cost up to £10,000 if you’re moving a household to London from the other side of the world. Factor in pet relocation costs, if you have them, and additional expenses for children (school search and school registration) and your moving costs start to mount up.
Visas may also be a considerable cost and should be factored in as part of the overall cost of moving to London from abroad.
It’s an expensive city. No doubt about it. With the average London rental being upwards of £1,500 per month, you still have to factor in the cost of utilities, council tax (every month) TV license, yes, even if you watch TV on your laptop, and your personal living expenses. You should also take a look at some low cost insurance policies for household contents – even if you’re only in London for a year or two, it’s well worth the small additional cost.
Quite a lot, but can I tell you something… It’s worth it!