The plan is to move in the next 24 months, but whilst the price keeps increasing here it would be a foolish step.
In London perhaps. A lot of places are also stagnating outside of London. I flirted with moving at the start of last summer to a place called shepherdswell (still am) and their prices are almost identical - any increase will be lower than 5% I'd imagine. Places like Hitchin also, a few years ago not a desirable location, but with the amount of property development and transport links almost make someone like me consider it. Within London, I don't foresee many locations having the % in growth that places like Peckham had enjoyed over the last 5 years. I might be wrong, but when my property is being surveyed on an annual basis, the price grows handsomely. @The Kish might know more!
Areas around Maidstone are pleasant and I imagine would allow money in your pocket from the Peckham sale.
I bought my first house in London in 1991 for £49,000 - the same houses sell for £350,000 now. I am lucky enough to be on the ladder in a good area, but owning a house is totally over rated. It is a ridiculous artificial bubble, particularly in the South East. @SuperChrissyisfantasticPardswasatrocious- I predict that if you have kids, you will be out of Peckham quicker than a rat down a drainpipe.
Shortlands was nice - I went to Bishop Challoner. Then prices collapsed overnight when R. Elfsborg-Corbett arrived.
Too true, Vol. As soon as my daughter started saying ‘dis’ and ‘dat’ it was time to pack up and leave N9. The murder outside our front door was a key factor, too.
Why is owning a house "over rated"? Surely it's better than renting which is essentially throwing money away. The housing market is ridiculous but owning a house can bring its securities (as well as headaches).
I reached the conclusion you just need a roof over your head, regardless of whether you own or rent (I've done both) Having said that, I'm not the sort of bloke who lovingly cuts the lawn and puts up shelves (not saying you are !) . I thought Ikea was a new striker from the Network.