Should I Buy In London Zone 5 Or Wait

Brett Alegre-Wood
November 18, 2020

London Property is always kicks off first

London Property market is starting to move. If you have the money to buy and you have done your due diligence, I will say go for it!

I’m buying a family home good school catchment around £1million in zone five London should its value hold better in terms of term versus average in 2021 because of its quality or fare worse because it's expensive

Well I think a £1 million pound house in Zone 4 isn't necessarily expensive. Sorry Zone 5, depending on where it is. I'm not sure what street it's in or that sorts of stuff. Is it expensive compared to a £200,000 yeah it is but if you know that the whole street is a mill then actually you know it's probably going to fare fine. The other side is we're actually seeing that you know people are moving out.

People are looking out into the commuter towns so zone five is not that far out these days. So I think actually you know Milo you know I think you'll fare pretty well because we're already seeing the London market start to move. 

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It's a very different market in Scotland, it's a smaller market. There's some fundamental changes namely oil and gas with all the issues there and that I know Aberdeen and a few of those places house prices have dropped considerably. So, it depends on how that's reacted.

I did a live stream last week. I mentioned the fact that zone one zone one and two or Prime Central London above 10 million there was more sales value this year than there was last year. So you know despite lockdown and despite the media and all that stuff so actually London kicks first, then Central London, Prime Central London kicks first then it sort of ripples out. That's kind of what we're seeing.

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I’m buying a family home good school catchment around £1million in zone five London should its value hold better in terms of term versus average in 2021 because of its quality or fare worse because it's expensive

Well I think a £1 million pound house in Zone 4 isn't necessarily expensive. Sorry Zone 5, depending on where it is. I'm not sure what street it's in or that sorts of stuff. Is it expensive compared to a £200,000 yeah it is but if you know that the whole street is a mill then actually you know it's probably going to fare fine. The other side is we're actually seeing that you know people are moving out. People are looking out into the commuter towns so zone five is not that far out these days. So I think actually you know Milo you know I think you'll fare pretty well because we're already seeing the London market start to move. I did a live stream last week. I mentioned the fact that zone one zone one and two or Prime Central London above 10 million there was more sales value this year than there was last year. So you know despite lockdown and despite the media and all that stuff so actually London kicks first, then Central London, Prime Central London kicks first then it sort of ripples out. That's kind of what we're seeing.


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