Prices for luxury properties in London are steadily increasing

Prices for luxury properties in London for the first time in 2.5 years demonstrated an unprecedented growth – such conclusions were published by the international real estate company Savills, based on the index of real estate, referred to as “prime property index” In the report, Savills notes that this period of stability index is not shown since its inception since 1979.

The annual increase in the price indices in all the elite areas of London over the past 4 years, reaching 4.7%. In the first three months the amount of growth was 2.2 , a significant increase of 0.8% recorded in the last three months of 2012.

At the same time, double-digit annual price growth of real estate class “luxury” in London was not seen in London since 2009-2010 Since then, we have seen significant interest in luxury London real estate among wealthy Londoners, and among buyers from other countries, which accounted for 34 %. The jump in demand for property in London is primarily associated with the withdrawal of Finance from unstable securities and other financial instruments in a more robust real estate sector.

However, the increase in stamp duty in 2012, provided the real estate market significantly less volatility than was observed in other countries in the sector of real estate.

The index also showed that prices for luxury properties in Central London a slightly lower price growth of the market of elite real estate of London. Over the past 12 months the growth of prices for elite real estate in London amounted to 3 %. However, the real estate worth on average £ 5 million in Central London, still one-third higher than their peaks achieved before the crisis of 2008.

The data contrast with the growth of prices for luxury properties in South-West London, where property prices have exceeded their pre-crisis values by 17.6 %.

Over the past 10 years, according to the same international company Savills, approximately £ 3 billion of bonuses from the financial sector and the insurance sector was pumped only in the real estate market of the boroughs of Hammersmith and Fulham,

Our advice to investors. New building in Fulham.

as well as Wandsworth and Richmond.

Both of these district lured away by the bonuses traditionally poured into the city.

In other locations of sector of real estate that is popular among financiers, pour funds into the sector rental yield such as St. Johns wood, Islington and Canary Wharf, there is a renewed interest of investors. The interest of investors beyond the pronounced tendency on the part of investors from Asia to invest in the early stages of construction, although I has a pronounced international component.

® Angliadom.