Forecast for luxury real estate in the UK – an increase of 5% each year over the next five years

In the rural sector of the UK property more expensive in the range £2 million and more saw a significant recovery in the third quarter of 2015 compared to the previous two quarters.

Analysis from estate Agency Strutt & Parker has shown the level of sales quite a bit behind the level of 2014 and uncertainty in the market, which was mainly the consequence of the election in may 2015, has disappeared as a factor affecting the market.

Look Strutt & Parker for the remainder of the year is positive and at the expense of good end-of-year growth in property prices in the sector of elite suburban housing will be in 2015, 5%.

The forecast for the next 5 years is also quite positive. Strutt & Parker Considers acceptable prices rise at 5% annually for the next 5 years. Two factors that will influence the market is a referendum on withdrawal from the European Union and the prospect of a rate hike by the Bank of England. In spite of this, correctly priced and high quality sector of “luxury” will be of great demand as the real estate market of London and regional property market in the UK.

Despite the fact that the interest rates, according to preliminary expectations, will increase to 2% and 2.5% in the next five years, the property market in the UK will support fixed rates mortgages that are vying offers now various banks. Now buyers are still confused about the introduction of new rates of Stamp duty in the expensive real estate sector. However, the third quarter showed that the market of real estate more expensive than £2 million is restored and customers will be able to digest this tax during autumn – winter, and next season will show good results in the real estate market, driven by pent-up demand.

® Maxim Savitsky 16.11.2015

KNIGHTSBRIDGE, LONDON SW1X – £8,750,000

MONTPELIER MEWS, KNIGHTSBRIDGE SW7 – £9,500,000

THE BELVEDERE, CHELSEA HARBOUR SW10

HANS PLACE, KNIGHTSBRIDGE SW1X – £ 14500000

BERNERS STREET, FITZROVIA W1T – £1,995,000

BROMPTON ROAD, KNIGHTSBRIDGE SW3- £1950000

FITZJAMES AVENUE, WEST KENSINGTON W14 – £ 2,300,000

IMPERIAL CRESCENT, IMPERIAL WHARF SW6 – £ 4,550,000

THE KNIGHTSBRIDGE, LONDON SW7 – £ 2,950,000

HANS COURT, HANS ROAD SW3 – £ 13,950,000