Do not let anyone fool you; there is a lot wrong with London, real estate expert Nick Millican comments. Air pollution and expensive housing are two of its less charming qualities. According to real estate expert Nick Millican, there are plenty of downsides to not living in the capital.
The high cost of housing is a trade-off to having many opportunities. London has a working public transportation system, lovely restaurants, a cultural scene like no other place, and the chance to be in the middle of all the action. As Nick Millican comments, the pandemic exodus has begun to slow.
People are no longer leaving in record numbers, Nick Millican adds. Companies are starting to require their employees to return to the office. Those who left are beginning to miss the excitement of living within the capital.
People are ready to say goodbye to the quiet countryside and their gardens for the fun of meeting their mates at the local pub, Nick Millican comments. As he says, house prices are still high, but they are on the decline.
Mortgage rates are also starting to come down. The combination of the two looks who are tired of the rise in train fares and commuting problems, according to Nick Millican. The real estate agent reveals many people considering purchasing a home in London come from the traditional commuter towns. Millican believes the relocation regret has set in, and people are starting to flock back to the capital.