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French from London: is it better to rent or to buy?

2022-09-29T12:12:01.517Z


OUR ADVICE - Rent prices in London have soared since the end of the health crisis. Despite high stone prices and rising rates, it may make more sense to invest and repay a loan. Le Figaro asked the question of the experts.


I decided to take the plunge two months ago and since then I have been looking for an apartment

,” explains Amélie, a 35-year-old Frenchwoman who has lived in London since 2015. The increase in rent for her current home, a one-room apartment in the Islington district, in the north of the capital, the young woman decided to buy her own property.

The owner told me that he was going to have to increase it monthly by 300 pounds (335 euros).

I already pay 1300 pounds (1455 euros), and that without the bills.

The problem isn't that I can't keep up financially, it's that I've been in London for seven years already, I plan to stay there and therefore prefer to invest in a property that will be mine rather than bailing out the someone else's pockets."

20% increase in a few months

Since the end of the Covid pandemic, rents have indeed increased by an average of 15 to 20%.

The question of buying or renting a property is being posed in a new way and the answers have evolved.

There was a readjustment of prices

which were…

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Source: lefigaro

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