As you know, I have bought a house in france which is currently being renovated. But with the balance on my savings I am trying to buy a flat in London to keep a toe in the property market there and to rent out as income. I just spent a week there viewing. There was one two bedroom place in a modern block I really liked, secure, very well done up and convenient for shops and transport (it is actually part of a large shopping mall). But I was then told that it was under offer so I kept looking. I eventually put in an offer on another place, only one bedroom, but very nice, in a street that is scheduled for some redevelopment and so will increase in value. But the owners are sitting on my offer and not telling me or the agent anything. Now the first agent has just told me the other flat is on the market again, as the buyer fell through. I am in a quandary and I am not even sure I can get out of my offer even if I wanted to! The prices are roughly the same, the one on which I have offered being marginally cheaper. I hate this - it is worse buying something to rent out than buying to live in - I have to keep thinking with my head, not my heart!
post #1 of 16
2/24/06 at 8:29am