The garden adds to the price of real estate in London at least 10%

Despite the fact that London is considered one of the greenest capitals in the world, Londoners really appreciate the green spaces directly in the house where they live. Thus, the presence of even a small garden or balcony where possible access to fresh air or creating a winter garden can add to the price of residential property in London is around 10%. The Londoners, finding housing, appreciate the outside space – whether a small garden or a winter garden on the balcony or terraced roof gardens. According to a recent study by the independent Agency Greene & Co, 65% of people searching for property in London, interested in the presence of an external space – any area in the fresh air.

All the great demand for so-called “house of entertainment” . A growing number of families who prefer not to leave London on weekends and holidays , to remain to spend leisure time in London, so the estate where there are a lot of free space for a time, highly valued and often sold at auction.

For example, an apartment with one bedroom and a garden that was exhibited at a price in excess of £360000 pounds, only one “open day” looked at 58 potential buyers. The auction is closed the auction was sent 8 proposals for a price higher than the original, in the end, the apartment was sold at a price of £50,000 pounds in excess of declared.

Another apartment in Maida Vale was sold at £35000 cents more expensive than stated through an auction of sealed bids.

The presence of an external space in the house is popular now not only families, but young professionals, who appreciate it and like the extra space for storage.

Since such houses and apartments are very few in London and the demand greatly exceeds the supply, mainly this kind of housing is sold through auctions, sealed bids.

This year, London is expected to warm the rest of the summer, the demand of apartments and houses with additional outdoor space will only increase, which will certainly affect price.

® Maxim Savitsky 28. 07. 2014

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