The decision whether to rent or to buy London property can be confusing if you simply follow the media day to day – the opinions do vary tremendously, even from day to day. London estate agents will tell you that the national or even city-wide media reports cannot accurately reflect the very localised picture when it comes to the London market. This article highlights property in Borough, a London neighbourhood with a great deal to offer to renters and potential homeowners. After some general information, there are some advantages for renting, some for buying and some timely advice on how to search for your ideal property in either case.

Property in Borough is going to offer up some excellent choices as far as the notoriously variable London property scene is concerned. Here, you will find precisely the type of features Londoners and estate agents alike are so very keen on, such as wooden floors, stylish kitchens and bathroom suites, allocated off street parking, and some breathtaking views over the London skyline.

Why Rent Now? Four Key Advantages:

1. Renting can be a good option to simply allow more time to find your ideal home whilst getting to know the area well.

2. This can include saving for a larger deposit to put down on the type of home you’d ideally like to buy.

3. In the meantime, you save money against the commitment of maintenance that comes with home ownership.

4. You shouldn’t have to compromise on quality – the better estate agents will still show you well maintained, superb quality property in Borough.

Why Buy Now? Four Key Advantages:

1. It is a really good time to buy because between being able to put down a historically larger deposit and enjoy lower mortgage interest rates, it all adds up to a better deal for your mortgage.

2. Timing might be important if you are ready now – these conditions may change in the near future. Buying now could well make good long term financial sense, by creating savings on a variable rate mortgage before any rates increase and definite relative savings on a fixed rate mortgage.

3. Home Running costs are very favourable right now – in fact, the average costs are thought to be considerably lower than in previous years.

4. Some property commentators are now predicting that in five years time you could well be seeing quite substantially increased pricing for London property. With the right estate agents on board, property in Borough can boast some stunning buyer-friendly features; leaving you with a better quality property should you wish to take advantage of the market in years to come.

Whether you are undecided or you feel strongly that one option would be the right decision now, it’s always sensible to talk to knowledgeable local estate agents about your options. You do need to speak to them about the local market conditions for property in Borough. The more competent, professional agents fully appreciate the very specific, localised nature of London property markets. They should be able to guide you through all your options, especially when deciding whether to rent or buy, and be prepared to freely share their local expertise.

Author Bio: Morris Nourani enjoys working with both London property and property in Borough through his association with longstanding local estate agents Hastings International.

Category: Real Estate
Keywords: London property, estate agents, property in Borough