Luxury property in London is more expensive than £2 million the greatest demand among buyers

The London real estate market in the price range of cheaper £2 million saw a slight decrease in the number of sales in the first quarter of 2014.

However, the overall trend of price movements in luxury real estate for the quarter is positive and prices continue to rise.

On the stability of the London property market in a price range more expensive than £2 million, can’t seem to affect anything, people are consistently investing in luxury housing in London, finding it a safe haven from geopolitical problems.

A total of 834 homes in the luxury sector Central London were sold in the 1st quarter of 2014 is 8.3% more than the average for the same period in the last 10 years.

Especially notable is the jump in sales price range from £2 million to £5 million and more expensive than £5 million, This market has experienced exceptional growth in Q1 2014, which was expressed as the increase in luxury real estate prices and the increase in the number of transactions in the market. We saw a sharp increase of 47.2% increase in the number of sales in Q1 compared to the last 10 years .

Chelsea, Kensington and Fulham have the strongest market performance since 2001. If you compare to the average value over the past 10 years, growth in property prices was 65%, while the growth in the number of transactions by 17% over the same period.

Kensington and Notting hill also showed strong price growth, and areas of Knightsbridge and Belgravia, on the contrary, fell in price by 1.1% approximately decreased the average price of residential property in these areas and approximately 26.7% decrease in the number of houses sold.

The market rent of elite real estate of London performance was somewhat weaker than last year, 2912 transactions were concluded for the year, which means that the market fell by 2.2%. One of the reasons for the decline, experts see that many tenants who have secured yourself a good real estate last year, do not see the motivation to move to an apartment with higher rent.

However, in Chelsea, South Kensington and Fulham, the situation is exactly the opposite. These areas are in great demand among tenants and rental prices went up they by 6.6% last year.

It is expected that Prime Central London will increase in value by around 6.5% in 2014, and in 2015 will show a small growth of 2% -3%.

About 45% of buyers of Prime London property in 1 quarter of 2014 were foreigners, with the trend began to shift in favour of buyers from Asia and buyers from the Middle East began to decline.

® Alice Morgan 07.05.2014

Apartment in London Luxury prestigious index W9 £1300000

Minster House

The complex “Luxury” on Hammersmith

Altitude

Battersea Reach

Apartment class “Lux” in West London

Penthouses and apartments in London. Westminster.