Is is cheaper to rent a flat in London or to just go ahead and buy a house?
Thursday, October 27th, 2011 at
2:15 am
I am going to move to London in a few years. I just wanted to get myself straightened out now while I’m in the states. I’m planning on living there my whole life. lol
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Tagged with: Flat In London • Life Lol • Whole Life
Filed under: London
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depends on how long you’re going to stay there.
buy a house though
If you’re planning on staying long term it will be cheaper in the long run to buy a place. However, property in London is VERY expensive to buy. You’re looking at paying around £200,000 (roughly $400,000) for a studio flat so you can imagine that buying a house is going to be ridiculously expensive. Therefore, until you get yourself sorted and can find a bank that’s willing to give you a mortgage it’s probably going to be better to rent (although that too is extortionate…)