where to invest?

lynzpower

But really, you need to be clear about what you are buying and why Magali. You say "where to invest" but you HAVE TO ACTUALLY LIVE THERE. Property I dont think is going to appreciate THAT much in london anymore, ( cue further discussion about house prices:) ) it needs to be somewhere you a) like b) feel comfortable & safe c) makes your home worth coming back to. INvesting is for BTLers, not for people who are living in the home IMHO

xx

magali

I always lived in west London so it is difficult to know where I will be happy to live?
I need to buy where I can afford and (I agree with u) where I will be happy to live.
I spoke about an investment because I don't have any precises ideas about the area and maybe that could help me to choose.
Many thanks for the suggestions.

meanmachine_2

But an investment property might be completely different to a residence.

An investment property has to "wash its face" in terms of rental return. Therefore you look at size, proximity to station etc etc.

You also have to remember that, in any downturn, rough areas always depreciate faster than nice areas.

In the last crash parts of West London hardly fell at all, whereas Tottenham, SE London etc plummeted.

If people don't have to live there, forced to do so by high house prices, then they won't.

You have to be clear in your own mind about what you want.

I wouldn't live in a rough area for all the tea in China, but having said that, there are nice roads almost anywhere.

I was in Shephards Bush the other day. Awful reputation, grotty shopping district, but some very nice roads just off the main high street.

lynzpower

trash! mean machine. You say "If people don't have to live there, forced to do so by high house prices, then they won't"

My mate lives in SE london ( new cross) , as she works there. Plenty of other people live there as their families are all around there? Never been to Greenwich? Very desirable place to live.

Magali needs to visit places all over london they can afford, and get a feel of places. Some may be run down and getting better, some places may be getting worse. I live in the poorest borough in london, love it here. transport is perfect for me, love the area, have lots of mates here. Theres more to the whole discussion than market forces.

meanmachine_2

No, in any house correction, the poor areas ALWAYS fall the furthest.

Think about it - if prices drop, then those with available capital natufrally gravitate towards the nicer areas.

And anyway, the Op was talking about an "investment". In which case, cheaper areas are fine to consider.

I also suggested that there are nice roads in any grotbox.

Greenwich, desirable? There must be a different Greenwich to the one I've been to. Sorry.

Tassotti

okay MeanMachine. What is your gripe with the property market?

Were you one of the people that realised property is a good investment, then lost out in the 90's due to lack of bottle.

Are you bitter in the fact that you cannot predict the market, or really have any knowlegde of it whatsoever.

Apologies to first time readers, but mm has made personal attacks on me.

I believe that he has sold to rent and is trying to talk down the market.