With London House Prices Falling, Now May Be the Right Time to Buy
A row of luxury properties in Holland Park in the Kensington and Chelsea district of London.
Photographer: Jason Alden/BloombergI live in London and am in the process of buying a home. I’ve been told repeatedly that it's the worst possible time. Of course, who would want to take out a loan with a 6% interest rate, compared to 1% just two years ago? Still, I’ve come to realize that there are some pros to buying in this environment. But first:
Three things to know: