Central London is packed with prime career opportunities in a large variety of fields. Whether you’re in the medical field, fashion industry, service field, or anything else, it’s likely that you can find a well-paying opportunity to make the most of your skills.
However, it’s not exactly the easiest place to live unless you’re already fairly wealthy.
Flat prices can be extremely high due to the real estate costs in the area, hotels can be affordable short-term options, but your experience will be lackluster, and traveling inward from outlying areas typically isn’t very efficient.
So, what are the costs you should expect, and how can you circumvent those costs to get your career off on the right foot without starting with tremendous wealth? Well, let’s take a look at that.
How Much Does It Cost to Live in Central London?
The cost of living in central London can be extremely high.
First, let’s look at the price of an apartment. If you want a decent living environment that is well-kept, in the center of the most fruitful business opportunities and doesn’t give you much reason to worry when walking home at night, you can look forward to 3,500-Euro payments per month. If you go to buy an apartment with the hopes of staying in it and then renting it out when you don’t need it, you’re looking at millions of dollars worth of an investment. However, there are cheaper rental options available for as low as 600 Euros per month in certain areas, but they tend to lack proximity to the best London has to offer, and they’re not the best living environments.
Hotels can be fairly inexpensive if you find a reasonably-priced option and strike a long-term stay deal so you can save a bit of money while you get on your feet. They typically cost between 50 and 150 Euros per night depending on how fancy you get, and you can sometimes get much lower rates for extended stays. However, this still isn’t exactly “cheap” and hotels typically don’t want you hanging out for weeks or months unless it’s the slow season.
Finally, for just a little more than a hotel, you can get a full luxury apartment that you pay for the same way as a hotel. You get a full apartment, the rates are only slightly higher, they’re all centrally located, and even though it’s not “cheap” the long-term rates tend to be more attractive than the top leased apartments in the area without sacrificing the luxurious parts.
It Doesn’t Have to Be Inaccessible
If you’re looking for a job in the city to build your career, and you just need somewhere affordable to stay while you search, booking one of the serviced apartments in central London might be your best bet. They’re more affordable than signing a long-term lease on a centrally located apartment, but they’re not as cramped and lackluster as hotels.
Take a moment, look up the listings of serviced apartments in central London, and see if there’s something in your budget that can help you in the long run with no strings attached.