F.A.Q. – Frequently Asked Questions
F.A.Q. FOR LONDON HOUSE FOR SALE
In which neighborhoods do you select the London house for sale?
The best locations to live and to invest in a luxury London house for sale.
You can select a London house for sale in Central London, West London, North London, East London, South West London and South-East London. Our team will be happy to help you to find your dream home, such as a modern design Penthouse, a spacious Loft, a brand new Apartment, or a romantic Historic London House for sale. Contact us for further info.
Why do you focus on the London property market?
The best city to raise a family
Buying a London house for sale allows you to raise your family in a great environment. The UK offers a world-class education system and London has some of the best schools and colleges. London has something for everyone: from history and culture, to fine food and exceedingly good times. And it is one of the most multicultural cities on earth. With such diversity, London’s cultural dynamism makes it among the world’s most international cities.
A green haven
With over 8.4 million trees, 300,000 gardens and hectares upon hectares of green space, London looks more like a National Park than a city. Even if its public transport is the best system in the world, London is also the most walkable city on the planet. If you love the idea of living in the green, we can help you to find a London house for sale nearby a park.
Safe economic prospect
The UK has a strong legal structure and robust asset protection. The City of London is the world’s leading financial district. The London’s Economic Outlook (LEO) provides twice a year an overview of recent economic developments in London, the UK and world economies. At the time of writing this FAQ, the UK economy is experiencing a historic crisis resulting from the COVID-19 pandemic (*) and the unprecedented restrictions on freedom of movement and economic activity imposed by the Government on 23 March 2020 to stop the spread of COVID-19 in the country. London’s real Gross Value Added (GVA) growth rate could be -16.8% in 2020 due to the present COVID-19 crisis. This growth rate is then expected to rebound to +17.2% in 2021 before returning to more normal figures in 2022. Since World War II, Londoners and London have shown an incredible resilience. Whatever happens, in London business will continue as usual. Therefore, buying a London house for sale is always a safe investment.
(*) = Update on COVID-19 impact on European economies
For the latest forecasts on the economic impacts caused by the coronavirus pandemic, please consult www.london.gov.uk, the OECD Economic Outlook Interim Report Coronavirus: the world economy at risk (March 2020) and the IMF’s policy tracking platform Policy Responses to COVID-19 for the key economic responses from governments.
What further parameters should I consider before investing in a London house for sale?
London is one of the world’s most visited cities, and it has been voted on TripAdvisor as the best city in the world, beating Paris, Rome and New York. Buying a London house for sale means investing in a city with a strong tourism market. This guarantees a constant re-evaluation of your property (“capital gain”) and offers you the opportunity to rent it to generate an annual income. A constant capital gain and a good rental yield will facilitate the resale of your London house when you’ll decide to put it for sale and monetize your investment.
International investors targeting the local real estate market
The London real estate market is extremely attractive for international investors. The city has four main airports in close proximity and is centrally located between Asia and America. Every year thousands of foreign investors buy a London house for sale. They do it to move with their family or just as an investment. Indeed, foreign investors have made magnificent contribution to local economy.
Real estate revaluation
The value of a luxury London house for sale increases year-by-year and guarantees you a steady capital gain on your invested money. Click below to see the amazing average increase in sell price and rental price in each London borough:
- Central London Property Market Trends
- East London Property Market Trends
- West London Property Market Trends
- North London Property Market Trends
- South East London Property Market Trends
- South West London Property Market Trends
Are in London the properties for sale freehold or leasehold?
In London, like in the rest of the UK, the majority of properties are leasehold, usually for up to 300 years, but in some cases up to 999 years. This is why the market value of freehold properties is usually higher.
When is the best time to buy a London house for sale?
Invest now, before prices will rise!
Now is the best time to buy a property in London because prices are foreseen to increase. That’s why:
- No Stamp Duty tax until end of March 2021. Starting from 1st April 2021, a 2% additional Stamp Duty must be applied on property investment in the UK.
- Pound low against dollar: USD, 1.23, and HKD, 9.54 (as of July 2020).
- Mortgage rates at all time low – BOE base rate is currently 0.1% (as of July 2020).
- Change in UK immigration rules when National Security Law is imposed in Hong Kong:
- Holders of British National Overseas Passports could extend stay for 12 months.
- Immigration rights may be granted including the right to work.
How can I know if the asking price for a London house for sale is worth?
The selling price of Luxury homes is significantly higher than for standard properties. To determine if a London house for sale is priced just right, is a bargain, or will appreciate in a certain time, you have two options. You can do a lot of research on the market to get some comparables, or you can ask an expert realtor to help you.
If you are going to be putting an important amount of money into your new London house for sale, you want to be positive that the home is worth every cent you will invest. The first thing to check is related to the three “L” which always determine the value of any Luxury Home in the world. Location, Location, Location!
Then, you need to verify age, conservative status, systems, finishing, and features of the property.
Once you have a clear scenario on the London house for sale, you need to compare it with similar properties in the area.
At what price are they selling for? Have those prices gone up or down recently? Does the London house for sale that you are interested in show similarities or differences with these other properties? Which are the strong and weak points of the London house for sale you want to buy, compared to similar properties in the area?
Are you thinking this is a lot of work? You are right. So be prepared to invest a lot of time and effort.
Or, more simply, rely on a professional realtor with years of experience, who will do the homework for you. Contact us for further info.
Do I need to work with a realtor experienced in London house for sale?
If you don’t like losing time and getting bad surprises, it is best to work with a professional realtor, regardless of what type of London house for sale you are searching for. And it is even more important when you are looking for your ideal London house for sale. A realtor who has experience with Luxury Homes and this area will be able to narrow down your many choices according to your needs and your budget. And he can get the right professionals needed to make a deep inspection of the London house for sale to verify if the conservative status of the property is good, or if any works are needed. The right realtor will be honest about a Luxury Home’s true value and whether or not the price is right, which can help you answer the question above as well. Furthermore, a luxury realtor will know how to seek the very best features of a luxury home, which sometimes can be overwhelming work to a homebuyer.
If I chose to work with you, do I still need an inspection of the London house for sale?
Yes, even if a London house for sale was recently built and/or appears to be in great shape, it is always a good idea to invest in a home inspection before your purchase and before moving in. This will ensure that, before you buy the property, you can find any problems and have them addressed appropriately right away with the seller. Remember that, just because a house is luxurious and new, it doesn’t mean that it doesn’t have its share of problems from weather and general wear and tear.
Now that you know a bit more about the luxury real estate market, and some of your questions have been answered, you can head out there and confidently search for your Luxury Home for sale in a dream location.
Click here to view all Luxury Homes for Sale:
LUXURY HOMES FOR SALE