Marylebone and Maida Vale – best street for investment in Central London in 2015

Despite the rhetoric by the British press about the risks of the real estate market of the United Kingdom in connection with the uncertainty associated with elections in 2015, the demand for luxury properties in Central London from foreign investors remains fairly strong.

According to information provided by independent real estate Agency Black Brick, over the past few weeks in the real estate market in Central London was reached a few dozen deals, the budget of each of which amounted to just below £2 million.

Also last month, we concluded several transactions ranging from £2 million to £4 million clients from Brazil, Egypt, Qatar.

Seen active interest from buyers from Russia, both in terms of real estate purchases and leases of real estate in Central London. The return of Russians to the real estate market in London continues despite a significant weakening of the ruble against the British Pound. A serious decline in oil prices forced the rich people from the Middle East, West Africa and Russia, earning on the trade in “black gold” also look for a more profitable application of their capital. Many of them have chosen London as a safe protective haven for their funds.

Another trend of our time – the decline of the British Pound against the U.S. dollar and the yuan by 9% from July 2014. This fact gives great advantages to the buyers who keep their assets in us dollars and RMB.

It is expected that Chinese buyers will continue to dominate the top sector of Prime London property in 2015. Global geopolitical problems in the world will continue to have an impact on the real estate market of Central London.

Next year, in terms of influence on the market will be divided into two halves. The period before the elections in may 2015 and post-election period.

If the election victory will be won by the Conservatives, then in the second half of year we expect extraordinary activity in the real estate market of London is extremely limited capacity to bargain with the sellers. Demand will exceed supply and sellers are very uncooperative.

If elections are won by the labour party, are expected populist economic measures such as the introduction of a mansion tax that can dramatically affect the real estate market of Central London in the form of short-term price reductions.

It is believed that the street of Marylebone is one of the most interesting investment in the centre of London. Rich high-quality shopping and restaurants, conveniently located, with elegant modern buildings, this street will experience increased interest from foreign investors.

Another hot spot –MaidaVale. Located next to very expensive areas, this street will be able to provide potential buyers an optimal ratio price-quality, the likes of which won’t be around. The price of property is £1500 pounds per square foot, which is still on sale in MaidaVale – a rarity in Central London and will certainly be noticed by more potential buyers.

® Helen Entree. 08.12.2014 G.

Publications in press about our company

BROMPTON ROAD, KNIGHTSBRIDGE SW3 – £ 5,950,000

HENRY MOORE COURT, MANRESA ROAD, SW3 £ 12,000,000

KENSINGTON SQUARE, KENSINGTON W8 – £ 7,000,000

KNIGHTSBRIDGE SW1X – £19.5 million

MONTPELIER SQUARE, KNIGHTSBRIDGE SW7 – £13.3 million

PARKSIDE, 28-56 KNIGHTSBRIDGE SW1X – £ 6,995,000

QUEENSBERRY PLACE – £ 12.5 million

SLOANE STREET, KNIGHTSBRIDGE SW1X – £ 12,950,000

TREVOR STREET, KNIGHTSBRIDGE SW7 £ 7,950,000