Live in London - should I buy an apartment that is £630k OR invest heavily in the market in Vanguard index funds? Live rent free with my partner so rent not an issue. Mortgage would be c £2k per month. Have c £100k in savings

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Would your partner join you, how long do you plan to stay in London and/or this apartment? How could that change over next 3-10 years.

Also if you didn’t buy today, when would you be aiming to buy? I ask as ‘if’ the market took a broader downturn for a few years, would this stop you from achieving something super important?

Best financial advice I’ve heard - marry once. Buy a house once.

Whilst it’s great to build your own home equity, if you’re not willing to live there for at least 5 years, it’s not worth it. Need to do 10+ to really make it worth your while.

Apartment will also probably sell for more than listing (assuming above is listing price). Don’t be afraid of having to pay mortgage insurance if under 20% deposit (not sure if that’s a thing in UK) as you’d get rid of it once you build 20% equity after a year or two.

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Do you have reason to believe this apartment will appreciate more rapidly than the overall housing market? As a general rule, equities have outperformed real estate over the long haul. They’re also much easier to manage (sell easily whenever you like, never have to replace a leaking roof, etc.) So stick with stocks unless: (1) you have a strong basis to think that this particular property will outperform (even after accounting for all the costs of maintenance, fees for buying and selling, etc.) or (2) you have non-financial reasons to buy it (i.e., you’re willing to sacrifice some return in order to have more control over your living space).

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Why is that mortgage so expensive? Is that typical in London? I’m paying well below 1% interest in Germany

How are you living rent free? And why would you want to start paying?

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