London Properties

[yasockie]

Are there still areas of London that are fairly central where it still makes sense to buy residential property as an investment?
The prices seem to be sky high, they will probably go up still, but percentage-wise it won't be massive, I think.
Physically speaking you will also end up owning something very tine, most likely on a leasehold.
Still, I'd really love to own something in London, long-term, as I think retiring and enjoying life in London can be very pleasant (unlike working in it, with the commute during rush hour etc) and I'd like to do that if I can afford it...

[FatLazyContractor]

Still, I'd really love to own something in London, long-term, as I think retiring and enjoying life in London can be very pleasant (unlike working in it, with the commute during rush hour etc) and I'd like to do that if I can afford it...

You have been terribly misinformed. I'd rather buy something in Bradford or Keighley, TBH.

[eek]

Are there still areas of London that are fairly central where it still makes sense to buy residential property as an investment?
The prices seem to be sky high, they will probably go up still, but percentage-wise it won't be massive, I think.
Physically speaking you will also end up owning something very tine, most likely on a leasehold.
Still, I'd really love to own something in London, long-term, as I think retiring and enjoying life in London can be very pleasant (unlike working in it, with the commute during rush hour etc) and I'd like to do that if I can afford it...

My parents started their retirement there is a company flat behind Oxford Street. It was great for the 9 months there were they but they were happy to leave afterwards.

The one thing you will miss will be friends as those living nearby are too busy or self important to chat..

[tarbera]

Near a cross rail station end might be a good start

[ChimpMaster]

Are there still areas of London that are fairly central where it still makes sense to buy residential property as an investment?<snip>

London can mean anything within whatever is an acceptable commute for you.

Crossrail is bringing many more areas to within 45 minutes of central London. You can look at areas like Ealing or a little further out (and cheaper) like Hayes, Langley or Slough. Yes some might think they are a little more deprived but a house in Slough is probably a third the price of a flat in Ealing, yet the Crossrail journey will only be around 10 minutes more. So your potential profit is probably better in the outer areas. Reading is a good bet too.

Northern parts of Kent are also going up in value. Think Ebbsfleet station, which has a 17 minute train ride into Kings Cross.

Midlands with the HS2, another contender for biggest price rises over the next 10 years?

Central London itself does not make for a good investment right now. Stories of a city property bubble are rife and development is at a high, so supply will increase and it's entirely possible that overseas investment is at risk, which is the only thing bucking up the prices there. City professionals won't buy £1m standard flats in central London, not when they can buy far grander properties within a 30 minute commute.

The ripple effect is moving outwards.

[TykeMerc]

You have been terribly misinformed. I'd rather buy something in Bradford or Keighley, TBH.

To be fair and I don't live far from either of them, for the price of a decent London property you could buy ALL of Bradford and Keighley and have a fair bit of change left over.

[BrilloPad]

Bedroom for rent complete with cooker, fridge and saucepans - Telegraph

HTH

[barrydidit]

To be fair and I don't live far from either of them, for the price of a decent London property you could buy ALL of Bradford and Keighley and have a fair bit of change left over.

And you'd have most of a working Islamic state. I wonder why ISIL don't just do that?

[fullyautomatix]

They say a crash is imminent when all you can see is cranes and bull dozers.

When I go near central london all I can see if massive amounts of construction, its fairly ominous that a big bad crash is not far away.

[ELBBUBKUNPS]

They say a crash is imminent when all you can see is cranes and bull dozers.

When I go near central london all I can see if massive amounts of construction, its fairly ominous that a big bad crash is not far away.

Hope not I'm just about to complete, stamp duty is shocking.