Indians keen to buy properties in UK may be allowed to remit £200,000
“Except those who lived in London, very few Indians showed any interest in buying property in London. That was just two years back. But in the last year and half, we have seen a phenomenal rise in interest” said Jaideep Singh, head of India desk at Knight Frank.
According to property watchers in Harrow — North London has the largest Indian population in the country and trying to acquire a house with £100,000 finance is impossible. It is true for any where in London or the adjoining Home Counties.
If you are lucky, for £100 000, a buyer gets a small one bedroom, lounge-cum dining area, a tiny kitchen, and a shower room with toilet flat in a Harrow Weald or Hayes. For a decent two bedroom house in South Hall you will be poorer by £200 000.
The price rise grows steep as you get closer to city centre. In the picture postcard part of London, prices hit you really hard. A one room that has an open-plan kitchen, a sitting area, a bed, and a cupboard sized bathroom – can be anything from £300 000 upwards.
In Edgebaston you will get one bed room flat but a bit larger. You can get 2-3 bedroom house in the suburbs of Leicester, Birmingham, Coventry and the adjoining areas for the same amount of £100 000.
However there is a reason to cheer as, North England, UK, offers you lower house prices. You can dream of staying in 3-bedroom semi detached house with garden in Burnely or a 4- bedroom terraced house in Bradford within your budget. But be prepared for a six hour train journey to London.