Buying a property, or renting a home in London is cripplingly expensive. Space is definitely at a premium. But there are still some beautiful properties available at affordable prices if you're willing to enter into a house share. London is a fun, vibrant, energetic city – and for young professionals, a house share in London is the perfect way to build their careers and their social lives. Anybody who was a fan of TV shows such as This Life knows house sharing in London is a common way for professionals to live in the capital. This Life centred on the lives and loves of five twenty-something solicitors living in a house share in London. House sharing isn't just for students. And if you're a young professional who wants spare income to travel, socialise and enjoy life, a house share in London makes sense.
London, according to property research group Global Property is the third most expensive property hot-spot in the world – with people paying an average of £14,299 per square metre. Moscow topped the poll, but only because London property prices have been falling in 2008 thanks to the credit crunch – in Moscow, prices only began falling at the end of 2008. As you'd expect in one of the most desirable capitals in the world, it makes sense to house share – London costs! As well as property prices, eating out and travel costs are notoriously high. Paris, Rome and Singapore also made the top ten most expensive cities in the property survey.
Food, fuel, utility and council tax bills have all rocketed in 2008, with the capital's inflation figure at 4.3% the true cost of living is rising as basics such as bread and milk become increasingly expensive. Young professionals are opting for a house share - London is not getting any cheaper – and as the property market remains unsteady, renting is a preferred option for many, even if they could afford to get onto the property ladder. Everything is more expensive in London and a house share not only helps young professionals survive on a budget, it also provides flexibility. Many people who work in London in their twenties or thirties rent because they plan to settle in more rural areas in later life.
If you are coming to live, work or study in London, get your accommodation sorted out as soon as possible. It’s no fun arriving somewhere new with nowhere to stay. Use Cheapest Rooms London to find a room in a house share in London that suits you and book online for a 10% deposit or call 07515 945861 for more information.
