The rate of growth of prices for luxury properties dropped slightly

In the market of elite real estate of London seem a bit normal situation – prices have ceased to grow at a pace observed in recent years. Apparently, the market peaked and prices began to stabilize. This is evidenced by the decrease in the number of registered buyers on one of the objects of elite real estate of London, the figure also began to decline.

The good news is the amount of new housing, entered the London property market increased from Mar by 26% and the number of registered buyers on one property fell from 24 in January 2014 to 16 in early June. The growth of prices for luxury properties in Central London has slowed to 2.1% in the quarter. In the first quarter of the market showed growth of 4 %. In may 2014, prices almost did not change, that is to say, that the price increase came to a halt. The market has returned to peace and tranquility. However, as demand continues to exceed supply, the owner of the market still feels the seller.

Buyers have more choice in terms of entering the market of new objects, but sellers adapt to the new conditions of existence.

The slowdown in prices in the London property market is a sign of a healthy market. It is a sign of a positive and organic market development when the ratio of supply and demand regulates prices in the market and not artificial speculative factors.

All these processes suggest that the London property market and the property market the UK as a whole had normal trend of recovery of the real estate market that is a reflection of the process of recovery. It is too early to talk about the concept of interest rates by the Bank of England, as in other regions of the UK the process of market recovery is in its infancy and still need to put a lot of effort to let the market reach its pre-crisis levels.

® Helen G. Antre 04.06.2014

Holland Park Avenue

EDRIDGE Croydon

West One in Luton

Richmond

Minster House

House in the heart of London, Wimbledon £3750000

Apartment in London Luxury prestigious index W9 £1300000