In the area of the Shard in London, the boom in property prices

In London’s Southbank , which is close to the new skyscraper, called the romantic name of the Shard, (shard) booming demand for residential property.

Extensive regeneration of this area of London, with improved infrastructure and large-scale residential construction has provided the influx of young professionals and investors to the region, and along with rising prices.

The estate Agency Chestertons cited statistics according to which, property prices in the area postcode SE1, which includes the embankment Southwark and Bermondsey district has increased over 5 years by 106%, the average increase in property prices in London was 51%.

The main inflow area SE1 experienced by young professionals working in the sector of high technologies, representatives of the arts and representatives of the financial industry.

The slowdown in property prices in London, which was concerned primarily with real estate more expensive than £1 million due to the increase in Stamp duty, it is not touched index SE1. Here housing prices were growing in 2015, exceeding the pre-crisis levels of 2008 by 70%.

Investors are happy to buy here all the property still in the planning stage of new projects. The rent demand from young professionals is growing day by day and the rental rate reflect the health and confidence of this part of the market.

The number of registered potential tenants in this area of London for the first three quarters of 2015 increased by 8% compared to the same period in 2014. Meanwhile, a good offer in this area allows the price of rent is not to take off to dizzying heights. A good balance of supply and demand and the market rent. Prices for rents in the area increased by no more than 5% per year, which is approximately two times less than the average for London.

® Alice Morgan. 16. 12/2015 the city

In the UK, reduced Stamp duty

Why buyers from Russia should not fear sanctions

More than 325 % over two years has earned our clients

Entrepreneur visa. Tier 1(Entrepreneur)

Immigration to the UK

IMPORTANT! A NOTIFICATION ABOUT THE SECOND CITIZENSHIP

LEAVE APPLICATION FOR SELECTION OF REAL ESTATE