I've been looking to buy in London for the last 6 months (taking 2-3 months off for personal reasons) and I'm just at the end of my tether. When I started looking, I didn't quite have my deposit together and wanted to get an idea of what I wanted and didn't want. Finally got the full deposit saved now and looking to buy in the next month and it seems like there's about 1/10 of the flats that were available in April/May, and those that are on the market are more expensive and less good than what I saw then! Seems like they are disappearing very quickly as well, when it was definitely a buyers' market just a few months ago.
I just feel exasperated to the point of tears. I'm 36 years old and have worked so hard to get to this point, sacrificed a lot to try to get some financial security, and I still can't afford to buy a poxy one bed flat. People keep asking me why I don't move out of London and there are reasons why I don't. It's nice to be somewhere with so much going on culturally, plenty of dating choice for women my age, etc. I've got some family here, and friends. But it's really grinding me down that I'm still renting and dealing with nonsense from landlords. I thought I'd have definitely bought somewhere by the end of this year and now it looks harder than ever.
I've had a look at places like Sheffield and I could buy a 3-bed house with a garden for cheaper than a poky flat here (although I understand there's loads of competition for these at the moment?) or a one or two-bed flat for less than half the price of one in the London surburbs, in the city centre, walkable distance to bars, restaurants, and the mainline train station. Work (London) might be a bit tricky but I could maybe try to only go in once a fortnight or so. Right now I'm paying £1300 to rent a tiny flat in London to go to the office once a week and work from home the rest of the time, which is just awful!
My main worry is that it would end up being even more isolating and lonely than living alone in London already is. I don't really know anyone there at all, and this is quite an awkward age to make new friends. I wouldn't have a workplace to go to. I don't know about the social and dating scene, but when I lived in Manchester it was really bad...most men my age had kids already and that's a dealbreaker for me, I think.
What would you do if you were me? Bite the bullet and try something new or stick to London and suck it up, living in a really far-out surburb or a not nice area?