The price of London property continues to astound me but it is easy enough to see that the strength of the market is based on a simple case of supply and demand.
Demand for London property is sky high for many reasons. Jobs are easier to come by in London, once ordinary Londoners see a buy-to-let property as the new pension, foreign investors park their money in prime central property to ensure its safety and thousands of people act on their dream of living in the big smoke every year.
I wouldn’t swap London life for anything, but it never fails to surprise just how much you can get for your money elsewhere in England. Especially in the North… And on that note, this Buzzfeed post, House Prices In The North Vs. House Prices In London, makes me cry a little inside.
I’m a naive Londoner in many respects and have seen surprisingly little of England. Although I can’t imagine living anywhere else, if family and work didn’t keep me here I would now consider living elsewhere in England. Each region has its own culture and places of wonder, and with property prices cheap in comparison to London it’s easy to envision a better life elsewhere.
Do you live outside of London? If you could sum up your town to someone who has never heard of it in one sentence, what would you say? I’ll include all suggestions in my next blog.