More than 35,000 units of real estate to be built in London

More than 35,000 units of real estate to be built in London in the next decade. A 40% increase compared to 2014.

The aggregate value of all housing is estimated at £77 billion and the total cost exceeds 40 million sq. ft. This is much more than the whole area of residential property of the city of London, which is 30.7 million square feet.

Construction will be conducted on 196 sites across London. This significant increase suggests that the market of Prime London property still attractive to investors and has favourable prospects, despite the fact that the growing cost of land and the demand, on the background of deteriorating economic indicators in China, on the contrary, softened .

Many investors are holding back significant changes associated with the introduction of the increased rates of Stamp duty. Investors in luxury properties in London are reviewing their portfolios, bringing part of the assets of the residential real estate market commercial real estate or real estate economy class.

Chelsea and Fulham – the most popular areas that continue to attract investors and in which to continue to build new housing – 10914 new apartments will be built in Chelsea and Fulham in the next decade, followed by the London Soutbank where you plan to build 8863 units of new luxury housing in the city – 5898 apartments in the district of Victoria, 1960, in the heart of Midtown – 1754, in Dockland – 1600, 1104 in Kensington, 933 in Bayswater and Paddington and 589 in Mayfair.

Luxury real estate Central London continuously going up since, beginning in 2009 that has made London one of the hottest spots in the world. Now, it seems, the situation is changing. Land, materials and labor become more expensive and this increases the cost of construction. Investors ‘ profitability began to fall and this can cause the desire of investors to transfer their assets to other, more profitable investments and other financial instruments.

® Helen Entree. 19.04.2016 G.

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