Saturday, 3 November 2007
Buying your first property in London
Do you live in London for a while now? Have you ever had a naughty though of buying your own place to live in London? If you don't fall in the 10% lucky ones then forget about it. No, really! Property prices, mortgage rates in London are highest ever. You might turn around and say, well you can always find a cheap studio flat to start with (property ladder?) - but if you're earning around 30k per year (not a bad salary indeed), then all you can get without hard saving process is a studio flat for 100k just big enough to fit in a single bed and cooker.
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