London is the capital of England, and is home to some of the most stunning properties that can be acquired by ordinary people. House prices in London have always been on the higher side, but are property solicitors in London just as expensive to match? It’s a fair question, and often something that people consider when looking to buy a property in the area.
To try and make sure that you get the best results, we’re going to be taking a look at property solicitors in London, and seeing if they actually are more expensive, or whether or not, comparatively, they cost about the same as anywhere else.
Cost of Living Isn’t Fixed
Something that you have to understand about life before you can understand whether or not property solicitors in London are more expensive is that the cost of living isn’t fixed across the entire country. Even just within the UK, there are certain areas geographically that cost more on average to live in. This means that the average cost of bills are higher, the average property costs, services, goods – they’re all more expensive.
As the capital city, London is actually one of the most expensive places to live in. Because the area is a thriving hub of businesspeople, professionals, and has almost limitless opportunity from both social and commercial aspects, the area is incredibly expensive to live in.
Is London More Expensive?
So, when we get down to it, are property solicitors in London more expensive than other parts of the UK?
From a purely mathematical standpoint, yes, the average cost of property solicitors in London will be higher than other parts of the UK because the cost of everything is higher. However, comparatively, you may not be paying much more.
Let’s say for a moment that you had a property worth £100,000 in an area that isn’t London. If you had to pay £2000 in solicitors fees, then you’re paying a certain percentage. However, if you paid for a property in London, that was £200,000, and you had to pay £4000, then comparatively, you’re still paying the same percentage.
With that being said, it’s not difficult to see why people think London is more expensive. The average costs are higher because everything costs more, and that needs to be kept in mind. Consider property solicitors in London to be your first real taste of how much it will cost to live. If you think that the costs of solicitors are too high, then the rest of London life might be a rather rude awakening for you.
So, while the exact figures may vary from one place to the next, generally speaking, property solicitors in London are expensive. This is because London is the capital of the whole of England, so the average living cost is higher overall. This means that goods and services cost more to match. It’s up to you whether or not you consider this to be a worthwhile trade, but many people are happy to pay the extra cost to acquire property in London because it can be a very valuable asset.