Want To Buy A Property with Our London Relocation Services in London?

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Corrina Pinsent

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London Relocation Buying

We Help Locals and International buyers relocating in London. At London Relocation®, our agency makes Make Buying a London Home Easy! 100% Guaranteed.

  • All London’s Properties are communicated through our software by API.
  • LR will either meet in person or by telephone to discuss your property brief.
  • We will then take you to view shortlisted properties ASAP.
  • LR will negotiate the offer and manage the purchasing process.
  • LR will communicate with your mortgage broker, solicitor & estate agents.

On Hand if you need:

  • Mortgage Brokers
  • Solicitors
  • Surveyors

How it works

  • Extensive assessment of your requirements
  • Detailed brief sent for your approval
  • Preview of properties that match your criteria
  • Short list sent with detailed discussion of each property
  • Accompanied viewings arranged for the best options
  • Negotiation
  • Overseeing of purchase & recommending professional services
  • Completion & Exchange!

LR retainer fee of £2000 Success fee of 2.00% for all properties. London Relocation Guarantees to find your home!

At London Relocation we make things easy for you! Why call 30 estate agents when you can just call us?

Pros and Cons of Buying Property in London

Pros

  • Investment Potential: Property values in London tend to appreciate over time. This makes it a solid long-term investment. Even during market downturns, London’s global status ensures it remains a desirable location.
  • Cultural Immersion: Living in London offers a rich cultural experience. From theaters to markets, there’s always something to do. Each borough has its own unique vibe, offering a blend of traditional and contemporary culture.
  • Rental Income Opportunities: High demand for rental properties means you can earn a steady income if you decide to rent out your property. London’s large student population and transient workforce ensure a constant demand for rental accommodation.

Cons

  • High Property Prices: London is known for its high property prices. Budgeting is essential. Even smaller properties can be expensive, so it’s important to plan accordingly.
  • Additional Costs: Stamp duty, taxes, and other fees can add up. Plan for these expenses. These costs can sometimes catch buyers off guard, so it’s crucial to include them in your budget from the start.
  • Market Volatility: The market can be unpredictable. Keep an eye on economic and political changes. Factors like Brexit have shown how external events can impact property values and market stability.

Understanding the London Housing Market

  • How Does Brexit Impact the London Property Market?

  • One of the biggest questions we always continue to get is how Brexit impacts the London property market. One of the answers is it’s actually not been so great over the last 12 months.

    Through May 2019, there’s been a two-and-a-half percent overall decline in London property prices to an average asking price of £621,000. In the hardest-hit areas, which are prime central London, we’ve seen Westminster have the largest decline of 6.3% with an average asking price of £1.4 million. Kensington and Chelsea, which has the highest property values in all of the UK, have seen an average price decline of 3.9% to an average asking price of £1.6M. Outer London, which has continued to benefit from large swathes of land where you can redevelop and regenerate and create whole new housing developments, has actually seen a 0.9% average increase to an average asking price of £521,000. There really are only two areas that haven’t seen price reductions, and those are in Bexley and in Barking and Dagenham on the outer skirts of London. That’s really not surprising, considering that they are some of London’s cheapest boroughs. Average asking prices there are £406,000 and £316,000, respectively.

    London property price declines are actually particularly stark compared to other parts of the UK, such as Wales and the Midlands, which are actually seeing average price increases. Everybody focuses a lot on Brexit, but one of the other critical factors that have impacted the London property market has been the stamp duty changes that started back in December 2014, with additional increases in April of 2016 and then also interest expense reductions that have really impacted buy-to-let mortgages. So it’s been a series of government-induced things that have impacted the market and made the transaction volumes decline over the last 12 to 36 months.

    As far as transaction volume through April, we had 85,000+ transactions in London, which is a 26% decline in average transactions compared to before the EU referendum in June of 2016 and a 4.6% decline annually. In Prime Central London we’ve seen a decline of 16% this is to 3,295 transactions. What does that mean for the average buyer or seller? It definitely means that at the end of the day, people still need to buy and sell their homes for whatever reasons; it might not be a great time to sell just for the whim of it or to get top dollar, but if you need to sell for personal reasons, I’m actually working with first-time buyers who are looking in Bexley, we’ve actually found them a great first family home that’s being sold by a couple that’s divorcing, so in that situation they have to sell and really don’t have a choice. In another situation, I have sellers who are selling because they’re looking to up-size and in that situation, while they might not get their original asking price for their current family home, it does mean that when they do sell, they’re going to be in a great position as a buyer to buy that next family home, so we want to make sure we look at that entire picture.

  • Market Dynamics

  • The London housing market is competitive. Demand often outstrips supply, driving up prices. Factors like Brexit and economic changes can influence the market. But don’t worry, London Relocation Agents are here to help you navigate these complexities. It’s crucial to understand the fast-paced nature of this market. Properties can be snapped up quickly, so being prepared and having a clear strategy is essential. London’s market dynamics are influenced by both local and international buyers, adding layers of complexity to the buying process.

  • Factors Influencing Property Prices

  • Several factors influence property prices in London. Proximity to transportation hubs, schools, and amenities play a significant role. Popular neighborhoods like Shoreditch and Kensington have their unique charm and price points. For instance, being near a tube station can significantly increase a property’s value. School catchment areas are also highly sought after, particularly for families. Areas with parks, shopping districts, and cultural attractions tend to command higher prices due to the lifestyle they offer.

  • Trends and Predictions

  • Staying updated with market trends is crucial. Prices have fluctuated over the years due to various factors. However, London’s appeal as a global city remains strong, making it a worthwhile investment. Recent trends show a growing interest in suburban areas as remote work becomes more common. Additionally, sustainable and energy-efficient homes are gaining popularity. Keeping an eye on these trends can help you make informed decisions about where and what to buy.

  • Things To Consider When Looking For Investment Property

  • Other things to consider would be the transport links in the area. You also could consider looking for commercial opportunities rather than residential ones. You could invest in some office space or some warehousing or maybe some shops. The cost per square meter can be considerably less than the same cost per square meter on a residential-type property. Or better yet, could you maybe convert a commercial property into residential one? There are some real advantages to this type of strategy, such as maybe converting a shop into residential. There are some planning and some tax advantages these include dat and stamp duty. For those ideas, you will want to speak to an accountant to confirm your ideas are plausible.

Legal and Financial Aspects

  • How can I secure financing for my property purchase?

  • Mortgage brokers help you find the best financing options. They guide you through the application process and secure favorable terms. Having pre-approved financing can give you an edge in the competitive London market, allowing you to act quickly when you find the right property. It’s important to explore different mortgage products and choose one that suits your financial situation and long-term plans.

  • What additional costs should I consider when buying property?

  • Consider costs like stamp duty, legal fees, survey expenses, and maintenance. These add up and should be included in your budget. Having a detailed budget that includes all potential expenses will help you manage your finances effectively. Proper budgeting ensures that you are prepared for all costs associated with buying property in London and prevents financial strain.

  • Understanding Stamp Duty

  • Stamp duty is a significant expense when buying property in London. Understand how it impacts your budget and plan accordingly. It’s crucial to factor this into your overall costs. Your solicitor can provide detailed information on the rates and how they apply to different property values. Proper planning for stamp duty ensures you are financially prepared for this cost and prevents any surprises during the buying process.

  • What is the importance of building and contents insurance?

  • When buying property in London, securing insurance is a critical step to protect your investment. Building insurance covers any structural damage to your property, safeguarding you against unforeseen events like fires, floods, and natural disasters. On the other hand, contents insurance ensures that your personal belongings, such as furniture, electronics, and clothing, are protected against theft, damage, or loss. Together, these insurances provide comprehensive coverage, offering peace of mind that your home and valuables are secure. It’s essential to have both types of insurance to fully protect your property investment in London.

  • What should I look for during property inspections?

  • Check for structural, plumbing, and electrical issues. Hiring a professional inspector can provide a detailed evaluation of the property’s condition.

Making Informed Decisions with London Relocation®

When buying property in London, having an expert by your side can make a world of difference. London Relocation® Agents are experts in navigating the complexities of the market and can provide you with the latest listings and insider information.

We understand the nuances of different neighborhoods and can guide you to areas that fit your lifestyle, whether you’re looking for a bustling city vibe or a quiet suburban retreat.

We offer ongoing support even after you’ve moved into your new home. Our team is always available to answer questions, provide local insights, and assist with any post-move issues. Whether you need help with utilities, finding local amenities, or understanding London’s public transport system, we’re here to help.

If you’re considering buying property in London, don’t go it alone. Contact London Relocation Services today for personalized assistance and professional expertise!