Is it worth buying or letting in Baker Street?

Baker Street is situated in the heart of London. It is surrounded by many famous attractions which include major designer shopping outlets and the famous Madam Tassauds.

Baker Street is situated in the heart of London. It is surrounded by many famous attractions which include major designer shopping outlets and the famous Madam Tassauds.

Baker Street has become a popular destination for Flats in London. It is situated in the centre of the tube transportation link with trains heading to major business and retail destinations. These include Oxford Circus, Tottenham Court Road, Piccadilly Circus and many more.

Many people who have a developed interest in the shopping sector prefer to live in such an area. However the question has always remained whether to buy or let flats in London, particularly in the Baker Street Area.

With the current financial crisis at your door step and the situation not looking to be resolved any time soon, finding the income to be able to pay out the mortgage on a house in Baker Street seems impossible. Even if you are able to afford the payments, buying a property in the Baker Street area really isn't worth it. With fluctuating house prices, there is no telling when we could see a dramatic downfall in the market.

Instead of buying a property, you should consider renting a Flat in London. The Baker Street area does offer a limited number of flats but are well furnished. The price range for letting a flat in London, especially in the Baker Street area is expected to be in the range of above £1000 per month. Might seem costly, but for the right person, could be a well valued deal.

Apartments offered in the Baker street area for rent in London are of high quality. Your average flats in this area are expected to have a minimum of two well furnished bedrooms. The majority of flats however are studio flats which are aimed for business men/women in the retail or fashion industry.

The area is in close proximity to major transport links including the underground and local bus stops, all of which are in walking distance. London's biggest tourist attraction, Hyde Park is also just a few minutes away on the tube. The area it self is situated along side major designer outlets with a busy flow of people on the streets through out the year.

If you are the type of person that enjoys the high life by living in a luxury surrounding area, Baker street could be your answer.