Monday, 1 August 2011

Property

At this date, the properties in London still maintains at a pretty high price despite the pessimistic view on their financial outlook.

(i)
The people who purchase property in London came from all over the world. China, Russia and Saudi Arabia people seems to be the ones buying most of the properties.)
London is a city where you can have luxury and protection of human rights and government who welcome you.

(iii)
London has transport system that improves.

(iv)
As a global financial hub, London houses many well paid bankers and traders.

According to Prime Location house index, London's prime property is at about £1.1m average and platinum prime property averages at about £1.7m. This sort of prices can only be afforded by the super rich.

According to previous reading, the industry in other part of UK is slow comparing to the growth in London.
This shows that if you would like to stay in London, you have no choice but to pick a second grade property.
Some people prefers to stay in the suburb and travel 1 hour to work. That may be a good choice too, if you're settling down.

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