The best activity in the real estate market of the London range from £1 million to £2 million

Prices for Prime Central London started to grow again. In February 2014, for the first time in 5 months recorded price growth at a negligible 0.1 percent. But, as it happened for the first time since September, we can say that the trend of falling prices has passed.

Basically the market is supported by those properties that will not become a base for a “mansion tax”, known As the “mansion tax” looming on the horizon is the election in may 2015. The percentage of objects of up to £2 million, the biggest among properties sold in February 2015.

About this, about trends and real estate prices in other parts of London published the report of the company of elite real estate knight Frank. (Knight Frank)

The most successful Feb 2015 turned out for the London areas of Islington and city, located to the East from the elite indices of Central London. Prices in these areas in February up 1.3% and 1%, respectively.

Areas of Battersea and Vauxhall, reveal high quality construction encourages buyers to pay more expensive prices in these areas rose 0.4 percent.

Areas of real estate in Central London, where there is a traditionally high cost of real estate, by contrast, saw declines, real estate prices in Chelsea have fallen by 0.8%, prices in Notting hill – 0.2% and property prices in South Kensington – 0.2%.

The real estate market of the London in your price range seems to be moving out of phase. A market where the price is between £5 million and £10 million, decreased in February 2015 by 0.1%. A property in London range from £1 million to £2 million, which is not afraid of “mansion tax” has risen in price on 0,4%, and last year increased in price by 6.8%.

Approximately 46% of real estate more expensive than £2 million, according to estimates by knight Frank, is situated in the Central of London, Westminster, Kensington or Chelsea.

However, 8 out of 10 real estate cheaper than £2 million are located outside of Central London. It is not surprising that the trend towards falling prices seen in the exclusive Central London areas.

® Alamagan. 04.03.2015 G.

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