Real Estate in London
Last updated on Sep 05, 2022
Summary: Expats, digital nomads and retirees offer advice about how to decide where to live in London, how to search for a flat, the cost of housing and more. With London's extremely high cost of living, foreigners living in London debate whether to buy or rent a flat and whether or not to live in Central London. Tip: consider your commute time, public transportation and proximity to schools when deciding what area to search for a home.
How do I find a place to live in London?If you live in London, newcomers to London would love to hear your answer to this question.
We asked expats how they chose their neighborhood and found a place to live. They answered:
"I have moved several times since first moving to London. I now live near Marble Arch, which is very central (right next to Hyde Park and to Oxford Street). I've used Loot several times. More recently, I've been using London Property Watch," added another expat who made the move to London.
"I used a relocation specialist and I live in central London. My flat is really nice, pricey, but the location is ideal and I am happy with the amount of space. I also have a dog and I wanted to be close to one of the major parks. I tried for three days on my own and got nowhere. The relocation specialist made a huge difference," explained one foreigner living in London, UK.
What is a typical expat home or apartment like in London?
"I live in a flat, which is typical for the vast majority of expats who live in central London. I have also juts purchased a house, however it is in Zone 3, maybe 7 miles south of central London, where house prices are still somewhat affordable. The majority of expats however live in central London, and only the hedge fund manager and investment bankers among them can afford to buy property in central London," remarked another member in London.
"I am getting a housing subsidy from work to make up for the increase in cost of living. Had this not been the case, I probably could not afford the flat I am in now," explained one expat living in London, UK.
What is the average cost of housing in London?
If you are thinking about moving to London, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Housing costs are definitely higher here, significantly so. To rent a 2-bed apartment in a central location, you have to count with at least £400 per week," said another expat in London.
"I left the US 14 years ago, so it's hard to say. But, I'd estimate that when I moved to this area, I paid about 75% more in rent than I had been doing in the US," remarked another member in London.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.