Buy flat in Cambridge
in House Buying, Renting & Selling
14 replies 463 views
Hi. I've just graduated with a 1st class degree and will be doing a masters course at Cambridge University in October (Will be buying into the student flat next month). I run an online business and made around £170,000 profit over the last 1 - 2 years. I want to use this cash, which is held in an online virtual bank account, alongside other savings to buy a flat in Cambridge. Prices for a decent flat start at £250k ish. I want to know if house prices will drop over the next few months due to a recession and is it worth waiting 3 - 6 months to see what the market is like before buying now when prices might be artificially high? Also, I need to find a good solicitor who understands the virtual sphere with regards to online transaction i.e. ecommerce. Do I need to consult with 'high end' firm or will a general high street firm do? Advice welcome. Thanks.
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