If you are moving to the capital from most other parts of the United Kingdom, unfortunately, it is highly unlikely that you will be able to find anything that fits in line with your budget. After all, when you consult any site, such as Appco Group, to find out the current cost of properties in London, you will soon realise how high the prices are.
With this in mind, it helps to know where the best and most affordable areas are in London. As a general rule of thumb, you need to steer clear of the central areas; especially in the west of London.
Areas around Knightsbridge, Chelsea, Kensington, Mayfair etc. are all the most expensive parts of London and it is extremely unlikely that a house sale in any other part of the country is going to generate a significant enough budget to purchase property here. If you are wondering what the general costings are in London, whip out a Monopoly board and this will actually give you a good idea of how property is priced, even today, in London.
The further east you are in London, the better the house prices will usually become. However, it is worth noting that as the London Olympics will be set in this area, and because extensive regeneration has occurred and more is planned here, this is pushing house prices up in some areas.
It may transpire to be the case that purchasing property will not be possible within Greater London itself. However, with such an excellent transport network: for example, the Underground extends to many of the Home Counties, you could still consider commuting. Avoid parts of Berkshire and Buckinghamshire like the plague, however, as this is where the highest house prices in the whole country can be found.
