The thought of calling London home could be scary. Moving to a new town or city is never an easy move, much less moving to the bustling capital of the United Kingdom! We have high hopes that this will shed some light on the way of living in the capital. Living in London opens one up to a wealth of amazing options, so there is really no need to be concerned about anything. There is literally something for everyone to do and see in London. However, if you want to live in London, this guide is for you.
Outstanding educational institutions for young adults and students, a diverse employment market for recent graduates, and a plethora of fun things for families to do. There is never a moment that lacks excitement!
How Is London for Living
If you’re wondering is London a good place to live, this is important. Finding a rental home in the city of London is a significant component of the whole moving to London experience, which can be a highly gratifying and satisfying venture in and of itself.
The Cost of Renting a House in London
In spite of the fact that it may be difficult at times, if you give yourself enough time, remain calm under pressure, and put in a lot of effort to prepare, you will be able to do it, and your planning will guarantee that you do not pass up a fantastic chance for renting.
A new study has shown that the city of London has a rental price premium that is 133 percent more than that of any other capital city in Europe, as reported by London loves Property. This is greater than any other capital city in the world. It is not unusual for residents of London to devote at least half of their monthly income to the cost of housing. Even if the typical monthly rental rates change depending on where you look for the data, you should still plan to spend between £1,000 and £1,611 per month on rent for a one-bedroom house that is in acceptable condition to live in London.
If you work in Central London and want to be close to your job as well as the city’s famous nightlife, you should budget around £2,000 for a one-bedroom apartment in the area. Having children while living in London presents a number of challenges, not the least of which is the need to find a bigger home.
Houses and apartments in London that are more generous in size are often located farther from the city’s core. The borough of Sutton, which is located in South London, is a well-liked location for families and has a monthly rent that is around £1,500 on average. It is often possible to find more affordable rental options in the East End or farther south of the Thames. With an average rent of around $1,707 per month, the Borough of Redbridge is among the locations with the lowest rental costs. Also, we covered the London travel and information you need to know before your next trip to London.
Cost Involved in Purchasing a Home
In the same way as renting, purchasing a property and maintaining it in London is likely to be an expensive endeavor. Having said that, if you are ready to make some changes with regard to the location, you may still get a good deal to live in London.
Life in London is expensive. Prices in London in 2022 will naturally vary based on the location of the house as well as the overall size of the home. Never before has there been such a strong demand for run-down properties that are ready for repair. If you are ready to take on a property remodeling project in an up-and-coming neighborhood in London, you stand a good chance of making enormous profits.
When two homes in the same general location but in physically close proximity can have such a significant price disparity, it makes for an intriguing real estate market. When it comes to purchasing, demand is higher than supply, and right now there is a large difference between the prices that sellers are asking and the prices that buyers are willing to pay.
As a general rule of thumb, the most cost-effective areas to shop in London are some of the city’s more suburban districts like Barking. In 2022, the starting price for an apartment in Barking is around £220,500, while the cost of a semi-detached home is approximately £510,042.
If, on the other hand, you are looking for a property in Chelsea or Kensington, both of which are wealthy neighborhoods, you can anticipate that your budget will need to be upwards of two million pounds at the very least.
Pros and Cons of Living in London: How Is London for Living
In every country, there are benefits and downsides. It is no exception in London. Here are some of the Pros and Cons for you to consider for your life in London.
Pros: Numerous historical sites
No matter what you’re into, you’ll find something to love about the historic and well-known places that London has to offer. The city is full of history, political intrigue, glamour, and splendor, and it has layer upon layer of each. And, to our great fortune, a significant portion of it has been kept so that today’s residents, as well as visitors, may take pleasure in it.
Beginning your tour of London with some of the city’s most iconic landmarks, such as the Tower Bridge, Buckingham Palace, and Westminster Abbey, is sure to be a memorable experience. However, after you’ve seen all of the places on your “bucket list,” you should take advantage of your spare time in London to check out some of the city’s many attractions that aren’t geared toward tourists.
If you’re living in London, the combination of music history on display in the Handel and Hendrix museums is quite unique. Admire the exquisite preservation work that went into the Osterley Park home. Everything is available for you to investigate at your own pace once you get there. Keep reading to learn everything you need to know about education in the United Kingdom.
Cons: Competing for City Space With Visitors
One of the advantages and disadvantages of living in London is the city’s abundance of historical landmarks, along with the throngs of visitors that come to gawk at them.
Although there were visitors in Philadelphia, the number of people who come to view the sites in central London much outnumbers those who visit Philadelphia. Living in London will need a significant adjustment on your part if you have never before experienced life in a city that attracts a large number of tourists. Especially if you’re the kind of person who easily gets annoyed by individuals who stroll slowly, snap too many selfies, or don’t know how to properly utilize public transportation.
Pros: Numerous Opportunities to Enjoy the Outdoors
Did you know that green space accounts for 47% of the area of London? People who have never been there picture a bustling city of glass, stone, and steel where the capital living London is located. The truth of the matter is, however, that about half of the city is made up of parks, gardens, and commons.
Hyde Park, Kensington Gardens, and Regent’s Park are just a few examples of the expansive and well-maintained green areas that are located in the heart of the city. Additionally, there are hundreds of green getaways dispersed all around the busy Zone 1 area.
When you go farther out from the center of London, you will realize that there are just enormous parks in every direction. A significant portion of northern London is taken up by Hampstead Heath’s network of walking paths and swimming ponds. Greenwich Park, Clapham Common, Brockwell Park, and Tooting Bec Common are some of the large open spaces that can be found in the southern region of the city. These parks are great places to go running, walking your dog, or having a picnic with friends and family.
Cons: The Common Areas and Parks
The disadvantage of having large tracts of green space is that it is difficult to maintain them clean without employing a large workforce. This might be avoided if people in the United Kingdom and visitors were as conscientious about littering as people in Japan. Would be very helpful for your life in London.
However, the domestic parks and commons do not get the same level of attention to cleanliness as the green areas that are used by tourists. To be honest, circumstances are rather favorable throughout the warmer months of the year. However, during the summer months, the trash cans are overflowing and cannot accommodate all of the garbage.
Pros: Higher Earnings
It’s all about making money in London. Aside from being the financial center of Europe, it is also the location where ambitious people from the United Kingdom come to work in order to make a living income.
Full-time workers who live in London can expect to earn around £36,000 per year as their median wage. That is over a quarter of a percentage point higher than the same statistic for the North East area of England.
There are a few reasons why wages in London are much higher. It goes without saying that the cosmopolitan capital of the UK has a higher cost of living than the rest of the United Kingdom, and incomes reflect this reality. However, London is home to a large number of high-paying employees in the fields of technology and finance, which contributes to an increase in the city’s median salary.
Cons: The Cost of Living
The cost of living in London is still rather high, despite the fact that the city has moved down the list of the most expensive places to live in the world, which is good news. The majority of our month-to-month costs in London are much more than what we spent for housing in Philadelphia and Austin. And if you’re coming from a small town, the prices could seem to be ridiculously high to you.
The exorbitant cost of living in London is mostly attributable to the city’s high rents. Having said that, a few of our costs are similar to those in big cities around the United States.
Pros: The City Has an Extensive Network of Tubes
It is a very good advantage for those who live in London. Yes, it’s a little bit filthy, the air is contaminated, and there’s always some slow pedestrian who causes me to miss my train by a fraction of a second. There are 11 different tube lines in London, and those lines link 270 different stops. Even if you reside in Zone 3 or Zone 4, you should still be able to reach your destination with just one line change most of the time. In addition, the District/Circle line is the best option for getting about the central business district since it makes a continuous circle around the city’s most well-known neighborhoods and tourist destinations.
If you don’t have a vehicle, you may still go on adventures with your dog since they are allowed on public transportation, including the subway and the bus, however, they are not permitted on escalators.
Cons: During Rush Hour
Let’s not forget about the ongoing construction or maintenance that requires you to change your route for a period of days or even months at a time. They are one of the aspects of London that irritate me the most.
End Note
If you’re still thinking is London a good place to live, our answer is yes. Life in London is ecstatic and those who live in London can vouch for that. London, the dynamic and fascinating metropolis of England, is the ideal location for each and every one.
London is the ideal city to relocate to since it offers a diverse selection of fun things for families to do together, an exceptional educational system, and an environment that is genuinely unlike any other. Start making preparations now if you’re excited about the prospect of calling London home.
