The UK property market is thriving. Increased homeworking and job flexibility mean more homeowners are exploring the possibility of moving out of the city to more affordable, spacious areas. So, if you’re one of those people considering selling up and leaving London, what do you need to know?
You’ll need to be quick if you want to move to a desirable area
The property market may be slow in many areas of London, but it’s moving at lightning speed elsewhere in the UK. A shortage of properties coming onto the market, combined with high demand in desirable areas, has led to many properties going under offer before they even make it onto the property search websites.
If you’re looking to move to a popular area, you’re going to need to move quickly to secure your dream home. Few home sellers will even allow a viewing unless you already have a buyer for your current property, so your best option is likely to be either making yourself a chain-free buyer by selling to a home buying company or moving into rental accommodation whilst you look for your next property. At the very minimum, you should agree a sale on your current property before looking for your next home.
You may be surprised at how much your money can get you in some areas…and disappointed at how little it can get you in others
Many people assume that properties in London are the most expensive in the UK, but it doesn’t even make it into the top five most expensive places in the UK to buy a property.
There are, of course, many areas of the UK where you can get far more property for your money, but there are also plenty of areas where you may be disappointed with how little you get for your money.
The grass isn’t always greener
When people leave London, they often picture an idyllic rural life, spending lots of time outdoors and a greater work-life balance. Whilst that may be a reality for many, there will always be those who miss the vibrancy, convenience and excitement of living in a city. If you’re considering leaving London, it’s wise to take some time to think through what life will really look like after you’ve left the city and perhaps even consider renting in the area for a few months before you commit to a permanent move.