Real Estate in London, UK

Real Estate in London

Last updated on May 03, 2023

Summary: The most desirable neighborhoods in London, UK are typically located in the central areas of the city such as Kensington and Chelsea, Mayfair, Notting Hill, Marylebone, and Islington. The average cost to buy a nice 2 bedroom home in London is around $1.5 million USD, while a nice 3 bedroom home can cost around $2.5 million USD. These properties typically include modern amenities such as high-end appliances, marble countertops, and hardwood floors. Foreign ownership of properties in London is generally unrestricted, however, there are certain restrictions in place for certain types of properties. For example, foreign buyers are not allowed to purchase properties that are listed as “protected” or “listed”. An expat looking to buy a home in London should start by researching the different neighborhoods and areas of the city to find the one that best suits their needs. They should also research the local market to get an idea of the average prices for properties in the area. Additionally, they should consider working with a real estate agent who is familiar with the local market and can help them find the perfect property.

How do I find a place to live in London?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"When looking for a place to live in London, it is important to consider your budget, desired location, and the type of accommodation you are looking for. Start by researching different areas of London to determine which areas best suit your needs. Consider factors such as proximity to public transportation, local amenities, and safety. Once you have narrowed down your search, you can begin looking for rental properties. Websites such as Rightmove, Zoopla, and Spareroom are great resources for finding rental properties in London. Additionally, you can contact local estate agents to help you find a place to live," remarked one member in London.

"Looked at map, found most convenient place for public transportation. Checked the neighborhood in a short weekend vacation before. Rented house with help of internet and let someone from the company check it out," explained one expat living in London, UK.

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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.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.