Wednesday 21 December 2016

Has it ever been so hard to find a reasonably priced London flat?

I didn't buy the nice flat (see last post) because it was snapped up by someone else while I was still thinking about it and wondering if it was big enough.

So now another year is over and I am still no closer to finding the home of my dreams - or any home at all, come to that. One small spark of hope is that I spoke to a mortgage broker and he mentioned that the latest batch of equity release mortgages might enable me to up my budget. He said that they no longer have the bad reputation that they used to have.

Just for fun, I hit the property websites and keyed in £100k more than the level at which I have been searching. Still nothing. I can only hope that more people decide to move in the new year as, in all my years of buying, selling and moving, I have never known such difficult times, with so many people like me fishing in an ever decreasing property pool.

Move, you buggers, move!!!