London is the ideal city for any jet-setter and its luxury property market boasts a long history. The city’s international population and high demand for luxury homes are also due to a reasonable tax system, excellent schools and a large financial centre. Although it is not always easy to find a perfect Georgian townhouse, there are luxury apartments available in the exclusive areas of Belgravia, Knightsbridge, Chelsea and Mayfair.
Why not search for a property near one of the famous London parks? For example a prestigious home in Eaton Square is situated close to the gardens of Buckingham Palace and Hyde Park.
The trendy crowd live close to the lively bars of South Kensington and Notting Hill. Also desirable are the affluent areas of Regent’s Park, St John’s Wood, Primrose Hill and the north London neighbourhood of Hampstead. If you are looking for an exclusive property, the prestigious Bishop’s Avenue is a good place to start. In London, your address is an important factor and owning a property in Kensington Square, One Hyde Park or Glasshouse Yard is a real status symbol.
More than half of the 1,900 ultra-luxury apartments built in London last year failed to sell, raising fears that the capital will be left with dozens of “posh ghost towers”.
The swanky flats, complete with private gyms, swimming pools and cinema rooms, are lying empty as hundreds of thousands of would-be first-time buyers struggle to find an affordable home.
The total number of unsold luxury new-build homes, which are rarely advertised at less than £1m, has now hit a record high of 3,000 units, as the rich overseas investors they were built for turn their backs on the UK due to Brexit uncertainty and the hike in stamp duty on second homes.
The Internet is a great place to help you choose your neighborhood preferences and even get a good start. However, in every neighborhood there is most likely a real estate office filled with listings that are available. If you want to really know what is ready to be rented, you need to spend a little time pounding the pavement .
House for sale in London, England – Like any city, there are neighborhoods you want to live in and many that you don’t. Each neighborhood comes with its own prices so you will have to look at what you can afford when making your decision.
North London is generally more popular with families so if you have kids you should seriously consider the neighborhoods in this area. Camden Town, Angel, St John’s Wood, Belsize Park (north/west London), Hampstead (north/west London) and Finsbury Park are worth a closer look.
South of the Thames is one of the places where you will get more value for the money making the perfect spot for young professionals. Royal Borough of Greenwich, New Cross, Deptford and Peckham are just a few locations you should scout if this area sounds like a good fit for you.
The biggest struggle to find a flat in London was timing our visa application with our flat search. Because you need to mail your passport with your final visa paperwork, you won’t be able to travel while your application is being processed.
In addition, you’re supposed to document in your application every international trip you took for the past 10 years. If you submit the online application and then take a trip to London, you’ll have a discrepancy between your travel history and your visa application.
Finally, the UK’s Right to Rent law requires that tenants prove they are legally eligible to to rent. For expats, this means your entry visa needs to be approved and printed in your passport before your allowed to move into your flat. However, it’s still possible to do your flat search ahead of time and get the paperwork started. We secured our flat with a deposit, and then emailed the estate agency a photocopy of our UK entry visa two weeks prior to moving in.