London, England
Should I buy or rent a home in London?
If you have not spent a lot of time in London, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in London can be a great investment, as property prices in the city are generally high and have been steadily increasing over the years. However, it is important to consider the cost of buying a home in London, as it can be expensive. Additionally, you should consider the cost of upkeep and maintenance of a home, as well as the potential for capital gains. On the other hand, renting a home in London can be a more affordable option, as it does not require a large upfront investment. Furthermore, renting can provide more flexibility, as you can move to a different property more easily than if you were to buy. Ultimately, the decision to buy or rent a home in London will depend on your individual circumstances and preferences," remarked another expat in London, England.
Other Questions:
- What should I pack when moving to London?
- Where should I setup a bank account in London?
- Will I be able to find a job in London?
- What is life like in London?
- What do expats in London appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in London?
- Is there a lot of diversity? Are people in London accepting of differences?
- What are the schools in London like?
- What are healthcare services like in London?
- What are medical services in London like?
- Are healthcare and health insurance expensive in London?
- What are emergency services like in London?
- Will I need to travel to see a specialist?
- Are common prescription medications available in London?
- How are local medical facilities in London?
- As a foreigner living in London, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in London?
If you live in London, newcomers to London would love to hear your answer to this question.
