The New UK Hotspot: Prime Real Estate Opportunities in Harrow

Due to the unprecedented consequences of this global pandemic, one of the beneficial results of people wanting to leave populated areas such as Greater London is that many houses and apartments have opened up that would never have been available before.

This includes Harrow, a thriving town with many railroad stations throughout it, where the people and culture are consistently becoming more and more diverse as the years go by. While it is always a little pricey to move out into the countryside, the balancing effects of the coronavirus pandemic have brought the cost of real estate all across the world to drop.

Additionally, many governments have implemented safety nets and other similar procedures to help protect the citizenry under their jurisdiction, by not allowing evictions or rent increases for the duration of the pandemic. This means that renting has become far easier around the world, and tenants can feel safe that they will not be taken advantage of.

So, what does this mean for you? Well, if you wish to rent a summer cottage in Harrow, for example, or even buy a property there, the rules and regulations will be easier on you now than ever before. If you’re interested in knowing how else you can benefit from purchasing real estate in Harrow, continue reading to learn more.

Why Is Harrow Specifically the Ideal Living Area?

For starters, Harrow is classified as being a part of the Greater London zone, meaning that it is within a reasonable driving distance of the economic centre of the United Kingdom. Therefore, many jobs are just waiting to be found in that area, and if you need to relocate far from your current workplace, finding a new place of employment will most likely not be very difficult.

You will also be able to avoid the morning rush, including the traffic to take the tube and other public transit, as well as the clogged roads that are very frequent in London, and frustrate all of its residents to no end. It’s definitely the perfect choice for those looking for Harrow new builds.

Another great reason that Harrow is a great place to live is that the community gets along with each other very well. For example, the crime rate in Harrow is far lower than in downtown London, meaning that you can feel much more safe and secure than if you were living there. Why would you ever want to risk putting yourself and your loved ones in harm's way, when there is a perfectly safe alternative to living in downtown London, sitting a handful of kilometres away.

For historians and history lovers alike, Harrow is a historical goldmine. Having existed and stuck around for more than a millennium, there are plenty of old legends, folktales and even older buildings that have lasted the test of time. While there is also a vibrant nightlife in Harrow, there are certain parts of the area that are considered more quiet and refined. These ‘havens’ typically consist of old brick-and-mortar buildings and are filled to the brim with local history.

Why Should I Consider Harrow Real Estate Now?

While you may be thinking that amid a pandemic is the absolute worst time to consider investing in property, whether to live in or just make money from, that is definitely not the case. Due to the aforementioned newly implemented government regulations, all commercial landlords will be prohibited from forfeiting a lease for non-payment of rent in England and Wales until the last day of December in 2020. This means that if you wish to rent out a property in Harrow, perhaps to see whether it is worth purchasing or not, then you are able to rest assured that you cannot be evicted if your source of income dries up.

Another advantage is that the prices of real estate have lowered considerably since the onset of the coronavirus pandemic, and there is no better time to enter the market than right now before prices rebound and begin to rise again.

While many people are still panic-selling their houses, out of unfounded fears of proximity to others, you can take advantage of the knowledge that the market has to return to its former prices at some point, and by waiting it out, you will be the one who gains. After all, the early bird may get the worm, but it is the second mouse who gets the cheese!