I’m fortunate to have £110,000 in cash – from savings and inheritance – to put towards the purchase of a property. I was considering buying a flat in London, with the idea that it would be my first home, and I would sell it off by the time I was 32. Given London’s housing market, and potential for a slowdown or crash, is it a bad idea to buy a property in the capital, if I don’t plan to hang on to it? So it would appear that buying a property in London now and keeping it for five years isn’t a bad idea. So you get to keep more of the sale proceeds to put towards your next property.

Source: The Guardian August 07, 2017 11:37 UTC