+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

21 tips for buying a property in Britain with the least hassle

Nov 12, 2015, 14:57 IST

Visitors are seen by their reflections as they pose on Argentine artist Leonardo Erlich's optical illusion installation Reuters

Buying a property is always going to be stressful but now the British market is going absolutely bonkers.

Advertisement

Soaring demand and a lack of supply in the housing market is creating a vortex of competition for homes and prices are rising astronomically as a result.

Things are so insane that the price of a property could rise by the thousands from the moment you put the offer up to the time you move in.

The Royal Institution of Chartered Surveyors revealed in its RICS Residential Survey for October that "property is going to be even more unaffordable" in five years' time.

The Office for National Statistics said the average price to buy a house in Britain is now at £284,000 ($431,874). Meanwhile, the average price for buying a property in London is now at £522,000 ($793,849).

Advertisement

It's really time you got on the ladder, if you haven't already.

So, if you're thinking of buying a property soon, here are some top tips to not only make your life easier but also help you bag that dream property without any regrets.

Next Article