Should you be living in London?

London. The busy, bustling capital of the united kingdom, is a place worth visiting with thousands of attractions including museums, art galleries, fairs, boutiques, shops, nightclubs and so much more.

Is it worth it? London is one of the most expensive places to live in the country and in the top 20 most expensive places in the world to live according to a recent study by Expatistan’s cost of living Index. Many Londoners could find themselves tightening the belt as their cash tends to go less distance. While it is true that London jobs can pay higher than the rest of the country,

In spite of the recent clamour around Brexit, London remains the hub of the United Kingdom and the lifeblood of the country. A significant chunk of the country’s higher value industries is based in the city. So why wouldn’t you want to live in London?

Cost

London is more expensive to live in. For the same property with the same space, size and dimensions you could pay more depending on which part of London the property is from.

Although there is potential to take out a long-term loan to cover initial costs of moving to London, or indeed, living in London, a loan is not a permanent solution. If you already live in London, taking out a loan is a great way to help cover your expenses of moving to a better environment though be sure you fully understand the terms and conditions of the agreement and can afford repayment.

Commuting is cheaper, so live outside of the city boundaries and seek out an alternative solution. Many people commute to work in London daily; you will not be alone in seeking to receive discounted travel and benefit from the higher wages without risking the higher costs, though as this becomes more popular the area from which you have to travel to London to save money has expanded.