Looking to buy a property in London? With a vibrant arts and cultural scene, world-class restaurants and excellent entertainment, this city is an exciting place to live and work. And with many affordable houses being built here, now is the perfect time to find your dream home. Read on for our top 6 reasons to buy in London.
1. A culturally diverse city
London is full of history and culture, making it an extremely desirable place to live. Over 300 languages are spoken here, and over 40% of residents come from outside of the UK, meaning you'll experience a culture like nowhere else on the planet.
If you’re a history or art lover, you’ll have more than 200 museums and 800 galleries to visit. From the National Gallery to the Natural History Museum, there’s something for all interests. The capital also has an incredibly diverse food scene, making it perfect for foodies. There is a vast array of restaurants and over 89 kinds of cuisine to try, so you’ll never be short of places to eat.
2. Business epicentre of the world
London is the business capital of Europe, and a third of UK businesses are located in and around this city. It’s a hub of innovation and a fantastic place to secure work or develop your career. It has five business districts: Westminster, the City, Canary Wharf, Camden & Islington, and Lambeth & Southwark.
If you're moving here, you'll be pleased to know that 1 in 3 jobs are created in London. Living in the capital means you'll have a range of career opportunities, now and into the future, making it the ideal place to set roots.
3. Great transport links
London has one of the world’s largest and most efficient public transport networks, making it easy to travel around the city and further afield. From its iconic underground system (with over 270 stations) to its integrated rail, bus, boat and road systems, getting to your destination is convenient and straightforward.
4. It's easier to buy than you think
Demand for property in London is high, and there’s a common misconception that it’s difficult to be a first-time buyer here. However, it’s easier to buy in London than you might assume. There are many affordable homes available, as well as schemes that can help you get onto the property ladder.
The First Homes scheme is a Government-backed initiative that helps first-time buyers and current homeowners get onto the property ladder. Selected new builds – up to a maximum price of £420,000 in Greater London – are available with a discount of at least 30% of the market value.
5. You can choose from a range of quality homes
One of the best aspects of London is its selection of homes. Whether you’d prefer a modern flat or a Georgian house, there’s something for all homebuyers here. If you're looking to move into a modern property, then a new build home may be for you.
At Barratt London, our brand-new homes come with an NHBC Buildmark Warranty, which guarantees ten years’ worth of cover. Built to accommodate modern living, they feature considerate living spaces designed to suit your needs.
6. There are many different areas to live in
London is made up of 32 boroughs, each with a unique character. Whether you’d prefer to live near green open spaces or be in the heart of the action, buying in London means you have a huge range of areas to choose from.
We offer a selection of properties in great locations, including Upton, Lambeth and Mill Hill – all of which have excellent transport links.
Buying a property in London is an exciting milestone. Kickstart your homebuying journey by browsing our homes across the capital, and discover our unique offers to help you move.
Call or visit our Sales Advisers today to find out more.