A guide to Central London property
Despite widespread falls in residential property prices across the UK, the London property market remains strong and is expected to stay to stay that way, according to W A Ellis. The prime Central London estate agency experienced increased activity in the run up to the Royal Wedding last month but says it can be mainly put down to robust demand and a shortage of housing stock, particularly new build homes.
If you are thinking of relocating to London, the area in which you choose to live will largely depend on the lifestyle you seek and the budget you have. The capital is comprised of numerous suburbs, each with their own distinct character and cost of living. Many of these suburbs resemble a city within a city, each boasting their own High Street, cafes, restaurants and shops.
For example, the ‘trendy’ Camden and Notting Hill in north west London boast lively markets, restaurants and bars – but expect to pay the price for these perks. Alternatively, Clapham and Battersea in the south are also increasingly popular, with many of their industrial buildings being replaced by reasonably priced accommodation. They, too, boast bars, restaurants, shops, pubs, and good transport links.
Finally, before deciding on where to base yourself in London, bear in mind where you will be working. The closer you work to home, the easier, faster and cheaper the commute. Make sure you balance the convenience of proximity against your budget and other living expenses to make a feasible decision for your requirements.
