Property in London is worth more than 1/3 of all real estate UK

The London real estate market is worth about 35% of the total of the UK property market, and by 2017 its share will increase to 40%.

At home in the London areas of Hackney, the Hamlets and Southwark are worth £170 billion, 5% more than all put together houses in Wales, the cost of which reached £162 billion. These are the findings of a study conducted and published by the real estate Agency Stirling Ackroyd.

Deemed to all residential real estate capital of the United Kingdom worth more than £1.5 trillion . The value of all residential property remaining parts of England is £2,24 trillion, and the cost of all remaining residential property in the UK – £of 4.31 trillion . But, due to the rapidly growth of real estate prices in London, by 2017 the expected value of residential property in the capital will reach £2.1 trillion, as in the rest of the UK not observed such growth in housing prices, the share of London real estate will reach 40% .

For comparison, in 1987, the share of residential property in London on a national scale was approximately 27% , in absolute terms it was only £273 billion.

Another interesting conclusion of the study – the cost of real estate in expensive and rapidly growing Eastern areas of London ahead of the cost of real estate in the traditionally expensive and prestigious Eastern suburbs of London.

Only 30 years London was a modest town with weak demographic indicators, where the population decreased. Over the years London has managed to make an incredible breakthrough, becoming one of the most attractive capitals in the world , occupying a leading place among the cultural, financial and technological capitals of the world.

Due to this success the London becomes even more attractive for people from all over the world who seek to live and work in a progressive, convenient and comfortable city. In the coming years, London will experience an even greater influx of capital and the boom in construction of new neighborhoods, homes, roads, shops and entertainment centers and will allow London to remain at the forefront among the most attractive capitals of the world.

® Helen G. Antre 08.09.2014

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