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I'd say the most important thing is getting a property that you'd be happy to live in if everything goes tits up.
Agreed. And it's amazing what's available that fits this criteria that is below what we have to spend. It's nuts.
Thanks for thoughts people. I am not an economic genius by any stretch of the imagination and have no sense of this shit, so thoughts and comments supremely helpful.
Capital gains, obviously depends on the property value, how long you have it for, it increasing in value, etc
I'd say the most important thing is getting a property that you'd be happy to live in if everything goes tits up.
Personally, if I had that much money I'd look at buying in London. Whether or not London will carry on as it is though is anybody's guess and you could be in a worse position if the market sunk and you had a mortgage so it's understandable you're not convinced by that.