Why buy a property in London
London is the capital city of England and the United Kingdom. Known as a financial hub with excellent motorway connections, London is a favourite destination of people looking to leverage the available business opportunities or to have a memorable holiday. From its iconic buildings which date back hundreds of years to its universities which are considered as some of the best in the world, London has something for everyone.
5 Reasons to buy a property in London
With London being the headquarters of many international companies like KPMG and Morgan Stanley, and some of the biggest banks like Lloyds Banking Group and Standard Chartered, it makes economic sense to buy a property in the City. Additionally, the economy of London will to become the fourth largest city economy in the world by 2020. This will make it economically safe to live in because of the presence of many business opportunities. Owning a property in London positions you to take advantage of the economic environment for your benefit.
London, the capital of the United Kingdom, is home to some of the best universities in the world like London School of Economics and Political Science, Kings College London, University College London, Imperial College London to mention but a few. When you are so close to some of these world-class universities, is a great idea for foreign investors. They want to give their children an opportunity to be educated at prestigious institutions of learning.
Favourable exchange rate
The prices of homes in London for overseas buyers are better than they have been before due to the value of the pound which is experiencing unusual lows. While £1 was worth around $1.45 in 2015, the value is currently trading at near $1.29. What this means is that a home that was worth £200,000 in 2015 which equals $290,000 now costs roughly $258,000 – meaning you’d pay $32,000 less for an average British home. If you’re holding money in foreign currencies like Euros or Dollars, you should consider buying properties in London.
Booming tourism industry
London is ranked as the second most visited country in the world with over 19 million annual visitors. London is a favourite destination for international visitors. There are many attractions to see such as St Paul’s Cathedral or the Museum of London. You can also see the Tower of London and several others. The city also attracts sports enthusiasts from across the globe who want to watch their favourite football teams. Think of Arsenal F.C., Chelsea F.C., and West Ham United F.C. Visitors who visit for the sake of these attractions will need a place to stay. This gives investors an opportunity to get high returns from rents.
In conclusion, London is a hub for everything including education, business, entertainment and transportation. Grabbing a piece of the city’s real estate makes is a wise investment worth considering.
If you want to buy a property in London or its surroundings and live there as a second home, then your best option is to contact us at VORBILD Architecture. At VORBILD, we provide architectural, interior design, landscaping design, management, and property search services.
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