Is now a good time to buy property in London? For investment purposes.

Thanks

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Depends on you appetite for risk. Very hard to time the market as data has such a lag. It feels like there is scope for market sentiment to get worse though. As prices have only just started to dip in data I’m not sure the knock on impacts have started to bite yet, which can lead to positive feedback. The narrative over the last 5 years is that you can’t loose when buying property - many buy to let investors and holiday home buyers will likely soon be proved wrong in the short term. This will change demand.

Buying at the moment is not too bad and but mortgage still high. I would be happy to have a chat if you need more info.

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Hi,

Can I pay full hra amount as rent to my parents to get hra exemption benefits.

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