{"id":62996,"date":"2017-08-07T18:41:58","date_gmt":"2017-08-07T11:41:58","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-it-a-bad-idea-to-buy-a-property-in-london-if-its-not-home-for-life\/"},"modified":"2017-08-07T18:52:45","modified_gmt":"2017-08-07T11:52:45","slug":"is-it-a-bad-idea-to-buy-a-property-in-london-if-its-not-home-for-life","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-it-a-bad-idea-to-buy-a-property-in-london-if-its-not-home-for-life\/","title":{"rendered":"Is it a bad idea to buy a property in London if it's not home for life?"},"content":{"rendered":"


\nI would prefer buying to renting but fear a 2007-like crash may wipe out value and make it tough to resell Q I\u2019m 26, living in London, and on civil service salary of \u00a334,500, and after I\u2019ve completed my graduate scheme, I should be on \u00a350,000-plus in a couple of years. I\u2019m fortunate to have \u00a3110,000 in cash \u2013 from savings and inheritance \u2013 to put towards the purchase of a property. I am young and single and like living in London, it suits my lifestyle now, but not if I decided to start a family and settle down. I was considering buying a flat in London, with the idea that it would be my first home, and I would sell it off by the time I was 32. I\u2019d like to have a place to call my own, and I am currently paying \u00a3800 a month in rent, which I could pay towards a mortgage. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Is it a bad idea to buy a property in London if it’s not home for life?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I would prefer buying to renting but fear a 2007-like crash may wipe out value...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-62996","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-go4","jetpack-related-posts":[{"id":92945,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-earn-30000-do-i-have-any-chance-of-buying-a-london-flat\/","url_meta":{"origin":62996,"position":0},"title":"I earn \u00a330,000 \u2013\u00a0do I have any chance of buying a London flat?","date":"July 2, 2018","format":false,"excerpt":"\r I thought I wouldn\u2019t get a mortgage, but my family have offered me help with a deposit Q I am a single 38-year-old adult living in London with no dependents. I have rented for years as I have always assumed that I would never be in a position to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1482,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-are-brits-so-obsessed-with-buying-their-own-homes\/","url_meta":{"origin":62996,"position":1},"title":"Why are Brits so obsessed with buying their own homes?","date":"January 14, 2016","format":false,"excerpt":"\r If there\u2019s such a thing as a British dream, it\u2019s to own the roof over your head \u2013 and then sell it for a stonking profit. This seems a bit odd if you\u2019re a foreignerWhen I arrived in London to study at the London School of Economics in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58210,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buying-my-own-place-was-an-impossible-dream-heres-how-it-came-true\/","url_meta":{"origin":62996,"position":2},"title":"Buying my own place was an impossible dream \u2013 here\u2019s how it came true","date":"June 17, 2017","format":false,"excerpt":"\r Shared ownership? Buying with a friend? Long commute? For Generation Rent, the options aren\u2019t easy, but it can be doneIf someone had told me at the start of last year that I\u2019d be living in \u2013 scratch that \u2013 owning a two-bedroom loft apartment with a suntrap of a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126348,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-cant-afford-a-london-flat-but-should-i-buy-elsewhere-and-rent-it-out\/","url_meta":{"origin":62996,"position":3},"title":"I can\u2019t afford a London flat but should I buy elsewhere and rent it out?","date":"May 9, 2022","format":false,"excerpt":"\r I am about to finish university, am due to start earning \u00a330,000 from September and could live at homeQ I\u2019m in my early 20s and just about to finish university. Through university scholarships and working, I have been able to save about \u00a320,000.I want to buy a property once\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-asian-investors-in-london-should-focus-on-older-residential-stock\/","url_meta":{"origin":62996,"position":4},"title":"Why Asian investors in London should focus on older residential stock","date":"January 24, 2017","format":false,"excerpt":"\r Time to brush up on your history Naomi Heaton Naomi Heaton has made a virtue of her dynamic approach throughout her career. After studying at Oxford University she held directorships at two major advertising agencies, including industry giants Saatchi and Saatchi, where she was the company\u2019s youngest ever female\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86054,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-23-and-want-to-save-for-a-house-but-i-wont-be-able-to-afford-one-in-london\/","url_meta":{"origin":62996,"position":5},"title":"\u2018I\u2019m 23 and want to save for a house, but I won\u2019t be able to afford one in London\u2019","date":"April 21, 2018","format":false,"excerpt":"\r Amy Heuch on how she saved for travelling but now hopes to get on the property ladderI\u2019m recently back from travelling and am living with my parents in Kent. It\u2019s not my first choice. 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