Nick Millican: A New Approach to Property in Central London

This article relies on the property purchase industry. Currently, the London real estate market continues to be expensive as prices rise above inflation. Real estate expert Nick Millican explains the rising markets are forcing property buyers to seek new ways of getting on the property ladder. 

A growing trend sees friends coming together to pool their resources and take a first step into the property market. Asset management investment,Nick Millican explains friends working together to enter the property markets have reached those with established careers. 

The real estate expert Nick Millican points to architects Alexander Hills and Anthony Engi Meacock for their work to self-build a home in central London, he comments. Despite being established as award-winning professionals, they struggled to find a mortgage because of their freelance contracts. The pair came together to build on the site of a derelict garage in the London Borough of Hackney.

The pair came together in 2013 as both struggled to find a property in Central London. The housing market was not as volatile as today, with a local carriage house modernized and sold for a healthy profit acting as a guide. Nick Millican explains the difficulties of building on the site were highlighted by the site’s boundaries not being drawn up correctly. 

The architects were forced to wait two years for their ownership to be legally recognized. Nick Millican reports the property has spiraled in value to make their long wait for ownership worthwhile. Millican believes innovation in the London property market is vital as costs continue to climb. 

This article relies on the property purchase industry. Currently, the London real estate market continues to be expensive as prices rise above inflation. Real estate expert Nick Millican explains the rising markets are forcing property buyers to seek new ways of getting on the property ladder.    A growing trend sees friends coming together to…