On the real estate market of the London high competition

The high level of competition formed in the market of real estate of Central London in respect of property worth up to £2 million

Real estate investment in London. Canary Wharf.

Real estate investment in London. Dickens Yard

Canning Town

It happens that particularly popular apartments worried about 30 hits and 8 sealed bids. Such was the level of demand for an upgraded one bedroom apartment for sale £625000 in Central London. The pressure of the market is felt also in the rental market of elite real estate of London. In connection with the shortage of large family homes, most likely in this sector expect an increase in rents.

It is impossible not to admit that sales in January in the sector of elite real estate of London was more than inspiring and the mood of consumers remains strong, particularly for real estate cheaper than £2 million pounds which is the low rate of stamp duty.

And buyers in the real estate market in Central London is presented with a variety of goals and objectives. Not to say that only one segment of buyers interested in luxury properties in Central London. Here and long-term investment capital, and buyers are buying real estate for personal use and buyers purchasing a property with the aim of renting it out.

The volume of transactions in the real estate market’s most elite zip codes in the range of from £1.5 million to £7 million and there are all the signs that indicators in this market segment will increase.

Recently, for example, were presented two new houses in London, which has an excellent location. One of the houses – an unusual coach house in the heart of Chelsea, located on two floors but with the possibility of extending the living area to 1150 sq. ft.

The second house is unusually wide three-storey house with the possibility of enjoying the views of “Egerton place garden.” The house was impeccably renovated by its current owners and represents an opportunity to increase the living space in the basement if the need arises.

This kind of unusual and high quality homes in London are sold very quickly and at a very good price.

Winter start of the London property market in 2014 has been very violent – it was a tense winter for the last 10 years and there is every reason to believe that this trend will continue in the spring and summer.

® Maxim Savitsky G. 31.01.2014