Quick Poll - Would you buy residential property in London now?

[NottingHill12]

Pros : there are some opportunities that just wouldn't be there at any other time. The market is quiet but sellers are rather desperate
Cons: Brexit, Jeremy Corbyn, Brexit, Boris Johnson, Brexit

House - yes
Flat - no

Yes if I needed somewhere to live. No if I was looking to make money (which shouldn't be the point of property)

We moved three months ago, so yes.

Agree with kamma. I will be soon (a flat) because I want a secure and stable home. I really couldn’t give a stuff what the market does because my only intention is to live in it for an indefinite period. Property should never have become a profit making exercise.

If I was buying for a home then yes. Looking to make a short term profit then no.

A couple of things are of an interest such as the stamp duty talks and what happens on 31st Oct, but it isn't stopping DH and I because we have to move therefore are still actively trying to do so. Market is a bit crap though, far less properties on then this time last year etc

London is a big place. I wouldn’t by a flat in prime London.
I live in an outer burb that’s amazing for families as can’t see how this area could be affected much as people want good houses/gardens/amenities/schools at a reasonable price.

My partner and I bought in London last year and I'm glad we did. We would have paid £15k in rent in that time if we'd stayed in our last flat. We did decide to buy a small house in zone 3, rather than a flat closer to work, so if we have children we'll have enough space for them without having to move again. We might have made a different decision if things were less of a shitshow.

I bought a house a couple of months ago, so yes. I wouldn't buy a flat anywhere if I could help it.

Houses yes
Flat probably not

Can I ask, why is it yes for houses and no for flats?

Houses in london are just much more scarce - they are not building many new houses but a lot of flats - see Vauxhall/ Battersea power station. Houses dont have service charges / cladding / shared spaces issues. A lot of people just prefer houses / it's what they are used to. I would buy either a flat or a house if it was what I needed and planned to live there indefinitely/ it was adaptable enough for the foreseeable future (5 - 10 years).

Felina, I reckon many posters feel that a long term family home, ie a house is a yes. Flats in the UK are generally bought by first time buyers with the view to move up the ladder to a house.
I suppose a lot of international buyers living with families in central London flats might take a different view.

I'm considering downsizing from large house to smaller flat, in london.

Felina, I’d rent first. A friend recently moved into a flat and is struggling. She can hear 2 sets of neighbours - nothing bad but just not having the peace and quiet that you might be used to.
Or look at new/recent builds - good sound proofing. If you get a Victorian conversion or similar, you might find the whole flat vibrates when the neighbour’s washing machine is on and you’ll be able to hear what they’re watching on TV etc. Same as what you’d hear in your own house.

I only would if I was planning to stay put for at least 5 years.

Very good point as I can imagine being in a Victorian conversion since that's what I always had before. Luckily I generally had good neighbours but I do know what you mean.

Dont want to be stuck renting and then find london prices have shot up out of my reach however.

To live medium to long term Yes. To make any profit No.
We bought moved 2 months ago in london suburb.

Like other have said, only if it was for long term.