Oct
05
Is is cheaper to rent a flat in London or to just go ahead and buy a house?
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2 Comments
June 12th, 2010 at 8:46 am
depends on how long you’re going to stay there.
buy a house though
June 13th, 2010 at 3:28 pm
If you’re planning on staying long term it will be cheaper in the long run to buy a place. However, property in London is VERY expensive to buy. You’re looking at paying around £200,000 (roughly $400,000) for a studio flat so you can imagine that buying a house is going to be ridiculously expensive. Therefore, until you get yourself sorted and can find a bank that’s willing to give you a mortgage it’s probably going to be better to rent (although that too is extortionate…)