Houses for Sale in London
London is the capital of England and the most visited city in the UK. Not surprisingly, house prices here are higher than in any other city in England. But now the London real estate market is in a downturn, so aspiring businessmen and investors can try to make a profitable purchase here.
Not sure where to start? Start your search for the houses in London, England, UK on the London website! Here you'll find the best opportunities to buy real estate in London at prices from developers and verified owners.
Advantages of London
Despite the higher cost of villas in London compared to the rest of the UK, there are plenty of reasons why buyers choose London. Villas in London for investment and permanent residence are among the most popular options for foreigners. When it comes to employment this city is the best in the UK, as most London homeowners work within the city.
Many Englishmen and foreigners who move to London do so in part because of the huge variety of cultural programs, events and attractions represented from the bustling West End to Soho, Camden Town and Westminster.
London has better transport links than the rest of the country, and residents here have access to all the shopping, leisure activities, theaters, museums, cinemas and restaurants.
But despite the high prices of property for expats, when buying houses and apartments in London, people choose the capital as a place for permanent residence for the following reasons:
- Job and business opportunities;
- vast musical and artistic culture;
- the best universities;
- history and architecture;
- parks and green spaces;
- transportation links;
- the best stores and boutiques.
Houses Prices in London
Compared to the rest of the UK, house prices in London have always been higher. There are several reasons for buying London home even at high prices. The current housing industry is struggling to keep up with demand, and the fact that London is a highly desirable British city to live in has led to an increase in home prices.
At the heart of the complex problem of expensive housing is high demand and low supply. Simply put, house prices in London are so high because while demand is steadily rising, supply is slowly running out. The demand for homes is understandable. The capital of England is one of the most iconic and vibrant cities in the entire world, making it a very attractive place to live and offering profitable buying villas in London for expats.
Since the pandemic began in 2020, London's housing market has changed dramatically. Many Londoners have left the city center and opted to live in cheaper neighborhoods. As a result, home prices in the capital have fallen, which may be good news for people who are still looking to buy a house or a villa in London.
Current situation in London real estate market
House price growth in London continues to lag behind other regions, although average prices have risen since last July in 31 of 32 boroughs (excluding the City of London). While demand among London buyers is beginning to fall as a result of inflation and economic and political uncertainty, the market imbalance and upward pressure on prices continue due to the small number of properties on the market.
Average house prices in London fell 10% in July, but still rose 7% year-over-year to $686,287 (€685,888). Average house prices in London have fallen 17% since the market peaked four months ago.
The influx of fresh supply into the market and lower demand from buyers of houses for sale in London has put downward pressure on London housing prices. The average price of detached homes rose 7% year-over-year to €735,572 ($736,000). The average price of townhouses rose 11% year-over-year to €582,661 ($583,000).
If you are planning to buy a home in the UK capital, the website offers exceptional houses for sale in London from famous real estate developers, as well as current prices in euro and dollars.
Investment house in London
As a result of the fall and subsequent recovery of rents in London during the pandemic, the annual rise in average rents peaked at 15.8% in the second quarter of 2022. Demand for private rental houses in London now remains higher than supply.
Overall, the average rental return in London is 5% per year. Rental yields can vary depending on the area. The lowest rate is in the city center - 2.90% per year. The highest is in the northwestern parts of the city at 4.41% per year. House investment in London keeps being stable and profitable.
Buy house in London
Specialists at London will help you find and buy a villa in London to invest profitably. They will provide security of purchase and sale transaction and answer any question related to the process of mortgage and buying a house in London for foreigners.