Foreign buyers buy a house in London as a second home.

Among foreign buyers of residential property in London, only 7% of buy to rent, others acquire housing in their own use.

A fairly high level of foreign buyers observed in the sector of elite real estate of London, but it’s only 10% of the entire real estate market of London. Over the past four decades, London was able to become one of the most successful cities in the world for a number of indicators of economy, culture, social life and extraordinary elections of investment opportunities.

The population of London increased from 2001 to 2011 by nearly one million from 7.3 million to 8.2 million, According to forecasts, in another ten years the population of London will increase by another million.

The growth of living standards of Londoners, the high level of competition in the real estate market due to the lack of new objects leads to an increase in housing prices in London. To a large extent the growth of prices for residential property in London and contributed to the inflow of investments from outside. Foreign buyers from Southeast Asia, the Middle East and Russia in recent years have shown increased interest in the London property. London became the world centre of investment attraction.

Most of the foreign buyers buys property in London by selecting London city his life. Many people buy for periodical visits to London family members. Especially this type of ownership is popular with those who are doing business or studying in London.

Analysis of the London property market showed that 68% of all buyers were citizens of the United Kingdom, 20% of buyers – international buyers who purchased a property in London as a main residence and 6% for foreign buyers who purchased a second home and 5% are international investors .

The exception is Central London, and it is the most expensive street – Knightsbridge, Belgravia and Mayfair. These streets lead to the number of the most expensive real estate, where the cost of one square meter of housing has reached £10000. Here the share of the real estate market equally distributed between local buyers and buyers from abroad. International buyers mostly buy this kind of luxury housing as their second home, using it during his visits to the UK on business and for leisure.

International buyers and investors play an important role in shaping the image of London as a global financial center. Underestimating the role of foreign investors can be a serious obstacle to the exit of the UK property market from the financial crisis and to aggravate the problem of shortage of supply of new objects, which is so acute now before the UK government.

® Alice Morgan 04.07.2014

Investment in student housing

Investment in student housing. Luton and Richmond.

Student housing in Canterbury

Bow Church

Eltham

Apartments in Battersea – £1300000

Home “King Edward”

Holland Park Avenue

EDRIDGE Croydon

West One in Luton

Richmond