London is one of the most premium real estate choices, and houses therefore are sold at high prices. This has led Shufi London to share a few tips about home buying in London in a smarter deal.
In 2014, according to Al Arabiya News, the average price of a home in Central London was about £1.6 million. This rate is six times higher than the average house cost in both England and Wales. Although the rates are high, the United Kingdom capital remains to be a recession-proof region.
Despite the financial crisis from 2008-2013, London defied the price fall that occurred in other places. This has made London's home-buying more complex, in comparison to the regularly complex process of buying.
Shufi London, in its recent post about home-buying tips, shared their property listing to help interested people in their search for a property. Moreover, Shufi London suggests that the first step is to contact a selling agent to make a property available for viewing.
The third step, according to the listicle, is to hire a solicitor who will handle the legal advice for the property transaction. The home buyer also has the job to secure the finances for the transaction. If there is a need to look for UK lenders, Shufi London suggests the option of mortgaging.
Before legal works are finalized, London home buyers have to close a deal through the help of the selling agent. After the deal is closed, there is the need to secure a life insurance to protect the new investment.
With these helpful tips, Homes&Property also shared a few of the south-east London homes to watch out for this 2016. This is another option instead of the normally high-priced Central London rates.
H&P suggests Blackheath and Dulwich, the first one located in a high plateau beside the Greenwich Park. The second one includes a duck pond, a golf course, and cottages for a picturesque view. There are other suburbs in the region namely the Shooter's Hill and the Crystal Palace.
Huw Davies, a Caddington Blue agent, had this to say: "A lot of buyers have pre-conceived ideas about south-east London, but there are more and more converts, including cross-river movers. When they discover up-and-coming areas like Brockley and Nunhead, they're taken aback by the value for money they can get - and how nice these areas can be. Similar homes north of the river can cost twice as much."