The London real estate market remains attractive to international investors

Despite the fall of prices observed over the past two years on the market of elite real estate of London, the most expensive apartments in one bedroom is still located in London. 585 apartments, the cost of the most expensive of which comes to £5 million for sale in Westminster, the area of some of them is extremely small – approximately 416 square feet, representing one-fifth part of the tennis court.

The most expensive apartment with one bedroom for the price 4950000 located in Knightsbridge, the lease term is for this apartment only 100 years, which means that the buyer will need to renew the lease agreement.

According to the data provided by the Internet portal, Zoopla, 27% of one-bedroom apartments priced at £1 million.+ located in Lambeth and 23% in London and 22% in Kensington and Chelsea. All these apartments can boast not only perfect location, one of the most prestigious in London, but the stunning views, Concierge service and other amenities that are important to a potential buyer.

Over the past few months prices for luxury properties in London has cooled significantly, showing on average a fall of 10% compared to their peaks. However, many foreign investors continue to buy a small apartment in the centre of London, believing them to be profitable and safe haven for their funds and protection from the world’s turmoil.

Despite the fact that negotiations on Brexit move very slowly and the market of real estate of London are predicting further cooling, London remains one of the most expensive cities in the world, where apartments in the heart of London with one bedroom are still liquid asset and remain an attractive investment from the rich travelers and other people who value safety and reliability.

® Helen Entree. 19.03.2018 G.

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