1st Time Property Buyer In London- Wait Or Jump In Now?

Brett Alegre-Wood
October 8, 2020

Buying a property in london during covid, right or wrong move?

There are a couple of ways to answer this question, you can wait... you can go forward...or you can ride the wave. If you are buying in a great area with good fundamentals prices are likely to come back.

More...

I had an email coming from our webinars and basically so the first time buyer recently accepted an offer on a two bedroom mid terrace in one of a London commuter town. Currently renting and given the recent events worried about the drop in prices of recession. Mixed advice whether to wait six or twelve months and buy after prices drop

The 3+1 Plan Brett AlegreWood
The 3+1 Plan Brett AlegreWood
Get the perfect plan for todays market. Download The 3+1 Plan now!
Get the perfect plan for todays market. Download The 3+1 Plan now!

What's the advice? Great question because a lot of people are asking this question now. There's a couple of ways to answer this and look I can't give you exact advice without knowing your exact details, but from what I can see you've got a couple of choices okay and we'll go through these a little bit later on but the bottom line is with this whole thing is that you can actually you can wait, you can go forward or you can basically ride the wave.

Search Our Articles

Now let's get a bit deeper the key to I think all this is what I'll cover in the Brett's rant segment because I think this is one of the key things here and I think if we understand what goes into house price drops and lowering obviously he's made an assumption there and buy after prices drop so there's an assumption that prices are going to drop.

I don't think that's a necessity it depends on a lot of external factors as I've said so for me you know it's one of these sort of things where you go actually you know it depends on your for me first home buyer you know you're buying your own home. So for me it's not necessarily about the price it's about finding the ideal property and if you can get the right property now then take it you know but expect prices possibly to drop.

But then if you're buying a good area with good fundamentals they're likely to come back you know so we'll get into a little bit more because this is one of the topics that I want to cover in my rant a bit more deeply.

Video Transcription

I had an email coming from our webinars and basically so the first time buyer recently accepted an offer on a two bedroom mid terrace in one of a London commuter town. Currently renting and given the recent events worried about the drop in prices of recession. Mixed advice whether to wait six or twelve months and buy after prices drop What's the advice? Great question because a lot of people are asking this question now. There's a couple of ways to answer this and look I can't give you exact advice without knowing your exact details, but from what I can see you've got a couple of choices okay and we'll go through these a little bit later on but the bottom line is with this whole thing is that you can actually you can wait, you can go forward or you can basically ride the wave. Now let's get a bit deeper the key to I think all this is what I'll cover in the Brett's rant segment because I think this is one of the key things here and I think if we understand what goes into house price drops and lowering obviously he's made an assumption there and buy after prices drop so there's an assumption that prices are going to drop. I don't think that's a necessity it depends on a lot of external factors as I've said so for me you know it's one of these sort of things where you go actually you know it depends on your for me first home buyer you know you're buying your own home. So for me it's not necessarily about the price it's about finding the ideal property and if you can get the right property now then take it you know but expect prices possibly to drop. But then if you're buying a good area with good fundamentals they're likely to come back you know so we'll get into a little bit more because this is one of the topics that I want to cover in my rant a bit more deeply.


Tags

Property Videos


You may also like

Clone of Why You Should STILL Invest In London, Manchester and Birmingham!

Why You Should STILL Invest In London, Manchester and Birmingham!

Beginner Investor Live Property Webinar Series

How to Make Property Investment Effortlessly Done For You!

Join our resident experts - Dan, Ritesh & Ryan 

Dan Ritesh Ryan
__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-color-3)","hsl":{"h":225,"s":0.82,"l":0.01}}},"gradients":[]}}]}__CONFIG_colors_palette__
Reserve your Seat Now!
__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"c162b":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default","value":{"colors":{"c162b":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]},"original":{"colors":{"c162b":{"val":"rgb(19, 114, 211)","hsl":{"h":210,"s":0.83,"l":0.45,"a":1}}},"gradients":[]}}]}__CONFIG_colors_palette__
Previous Article
__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"c162b":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default","value":{"colors":{"c162b":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]},"original":{"colors":{"c162b":{"val":"rgb(19, 114, 211)","hsl":{"h":210,"s":0.83,"l":0.45,"a":1}}},"gradients":[]}}]}__CONFIG_colors_palette__
Next Article

Property Investment... Effortlessly Done For You!

>