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  • Tax

    A sign of the S24 times

    It has been a bit of a catch-22 situation in the London suburbs. 3 bed houses are £800k plus so the required rental has been more than 'ordinary' tenants can afford to pay.

    Couple that with councils that are always short of housing stock and benefits tenants became attractive. Don't knock the areas or the houses though. I am talking about smart and desirable areas. They will sell easily but hard to find working tenants who can pay £2000 plus.

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    Yep totally agree

    I reckon the London market must soften considerably because as you suggest even relatively higher paid normal tenants can't afford £2000pcm.

    London has hit the ceiling

    That is why I reckon it is worth getting out of the London market and going to the shires.

    I know many are concerned about leaving the London market and never being able to return.

    Well I left the London market and I never want to return!!

    Don't miss London at all.

    If I really want I can be there in 45 mins by the Stansted  Express.

    London prices are now just bonkers and wages have remained  static for normal workers.

     There is also now becoming  a significant  issue.

    That is outside London you have decent quality air to breathe!

    Schools tend be less diverse and better quality  outside London.

    I know of a few Londoners that have bought near me after cashing in on the increased value of their London property.

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