In London built a record number of luxury homes

With a confident improvement in the UK economy and increased interest by both local and foreign investors who have recognized London as a refuge to preserve their capital, greatly increased the demand for luxury residential property in London.

The number of residential real estate of a class “Lux”, which is in the process of construction in London is now at its highest level.

Approximately £60 billion pounds of gentrification must be received by the real estate market of the capital of the United Kingdom in the next 10 years.

This is 20% more than in 2013. However, representatives of the construction industry have expressed serious doubt that all these facilities will be commissioned at the appointed time.

The number of pipelines that are used for the construction of luxury housing is now almost increased by a quarter in London and according to the plans of approximately 25,000 units of luxury housing to be built, which is a record number in the history. The problem is that for such a large-scale construction of not enough contractors that could provide the proper level of quality.

The largest number of housing is now being built in the South Bank area, this place accounts for about one-third of the total housing under construction class “Luxury” in London. Then in terms of construction should be Chelsea, Fulham and City.

But now the appetite of investors is not limited only to the previously prestigious Western part and Central London, the construction of luxury housing now has now spread to other areas , a Prime example of such objects is a popular One Blackfriars buildings and Bishopsgate”s Heron Plaza, which are extremely popular among buyers.

Contractors to be on time and provide the desired quality of the property, paying a substantial premium to the builders, sometimes even to the detriment of its profitability.

Meanwhile, serious inflationary processes in the market of elite housing in London over the last few years somewhat cooled the ardor of investors and the demand for such properties is not growing as fast as previously.

In this regard, the real estate market of London is the lack of resources in order to provide the stated construction schedule.

However, all analysts and investors around the world agree that London has bright prospects as the global business center and over the next few decades there is hardly a more reliable and stable refuge to hold capital than the London property market.

® Alice Morgan 10.10.2014 g.

BROMPTON ROAD, KNIGHTSBRIDGE SW3 – £ 5,950,000

HENRY MOORE COURT, MANRESA ROAD, SW3 £ 12,000,000

KENSINGTON SQUARE, KENSINGTON W8 – £ 7,000,000

KNIGHTSBRIDGE SW1X – £19.5 million

MONTPELIER SQUARE, KNIGHTSBRIDGE SW7 – £13.3 million

PARKSIDE, 28-56 KNIGHTSBRIDGE SW1X – £ 6,995,000

PARKSIDE, 28-56 KNIGHTSBRIDGE SW1X – £ 6,995,000

QUEENSBERRY PLACE – £ 12.5 million

SLOANE STREET, KNIGHTSBRIDGE SW1X – £ 12,950,000

TREVOR STREET, KNIGHTSBRIDGE SW7 £ 7,950,000

Mansion on Mayfair £ 32,999,950

Luxury apartment – Hyde Park – £65 million

More than 120% in two years have earned our customers