Is it still a good idea to buy my first property in London?

Question

I'm currently saving up 50 000 pounds deposit for my first property that I want to buy in October this year...

but I'm just wondering if it's still a good idea to buy in London right now...or will there really be a market crash this year?

My other chose is to buy a property back home in South Africa. With 50 000 pounds in SA, I could buy a 3 bedroom apartment in cash...

What do you think?

Answer 1

Are you moving back to South Africa anytime soon? If yes, you can consider buying an apartment in your home country. If you want to continue living in London for a while, then definitely get a house there. A market crash later this year? I highly doubt it. Just my personal opinion though.

Answer 2

if you can find a up and coming area in London yes u will do well, places like straford and surrounding areas, due to the Olympics coming there, but u will get more for your money if u move out of London that is up and coming and on the main train sport lines. lots of towns are now having people moving from London out here and getting lots for there money and watching the price rocket. no price crash this year, lots of places have slowed down in the increase but some are really going up, Essex, Kent look at the M11 corridor it's booming in them areas