Questions And Answers

Hi all I've been fortunate enough, to be given money by my parents to buy a flat. They live abroad and think that me buying a flat in central London will be a great way to have something secure for the rest of my life! However i fear that property prices might fall, luckily i will be able to buy outright. The other option is to bank the money and live in a rental of the interest, however rent prices seem to be increasing to a rate that it would not make any difference as the money paid in rent would be the equivalent of the decrease in value of the bought property. And also interest rates are so low at the moment that it might not be worth it. I don't want to invest in anything risky as this is my parents gift to me and they want to see it put to good use for their darling daughter. I also understand that if i do hold out and rent I'll be able to hold out i might be able to buy a nicer flat for my money in a couple of years time. I appreciate i'm in a very lucky position but also a very tricky one. Thanks ( sorry for the long winded post!!)