Super expensive housing in London is sold at auction

Sale luxurious property in Central London continue to rise at a fantastic pace. Today, even for persons far removed from the problems of the London property market, it is no secret that, due to significant excess of demand over supply in London popular closed auctions, which sold the most expensive luxury real estate. The sellers at these auctions get up to 97% higher than the asking price. Real estate investment in London. Canary Wharf.

Sales increased from the beginning of the year by 11% and the level of capital increased from September to November by 4.1%.

The rental market of residential real estate is also thriving, by about 7% per year increase in the number of transactions and a significant number of tenants had replaced their rental objects. Agents predict the peak demand for the rent before Christmas, when the rent for the individual objects of luxury housing in London will reach £10,000 a week.

Representatives of the agencies of elite real estate in London say that the demand is very high, especially for indexes SW1, SW3, SW7, and proposals in these areas are very few. This imbalance in the market leads to stagnation processes, because people who wished to move, do not do this, not picking a decent housing option. In the end, we see on the market unusual compromises. For example, one buyer waited two years for completion, while still the owner of the house was looking for a new house.

September real estate market in London was a record, but in October was quite a lot of transactions, despite the fact that many families still leaving in October down South, catching up with the passing of the sun. The number of transactions in October rose by 7% last year.

According to the latest publications of the National office of Statistics state of the UK economy is improving after three quarters of rapid growth of real estate sector and the construction industry. By the end of the year is also expected to have a fairly active movement in the market of purchase and sale of real estate and the rental market. Many people usually want to solve their housing problem before the Christmas holidays, so until the end of the year, the average rent growth of 3%. And as we have not yet decided the question of the number of clients with a budget of more than £10,000 a week, it is expected that the rental market of elite real estate will receive a great impetus before Christmas.

® Helen Entree. 06.11.2013 g.

UK real estate: trends 2014

On the London property market has resumed a high demand

The real estate market in the UK waiting for even more excitement in 2014