The Outlook for the London property market for 2015

Another interesting study of the real estate market of London made by a company consultant in real estate matters Hurford Salvi Carr. Sale price of property in London , according to the company Hurford Salvi Carr , has grown on average by 4% in all key areas of London since the beginning of the year, however, the apparent slowdown in prices in all areas. In addition, there is a different rate of growth of prices for flats of different sizes. The one-bedroom apartment in Midtown, City and Docklands price increase since the beginning of the year was 7% , for apartments with two bedrooms – 2%.

The study also noted that in the second quarter of 2014 significantly increased the rental market, in the same areas – Midtown, City and Docklands increased significantly the number of registered tenants.

In connection with rising housing prices have fallen a bit, the yield of homeowners who rent out property in London. On average – 1% on apartments with one bedroom with 4% last year to 3% this year. But homeowners there is no reason to get upset, because the demand for rental now greatly exceeds the supply in 2015 is expected a significant growth of rental rates. Looking into 2015, the company believes that in the first half of 2015 still will be a lack of new objects for sale. The sales market will be weak due to the uncertainty that is always present before the election. However, property owners in the Midtown, City and Docklands will sell items below the asking price and, most likely, housing prices in the first half of 2015 will remain unchanged.

It is expected that the prices of apartments to £1 million will remain unchanged in the first quarter of 2014, and housing prices are more expensive than £1 million will fall by 5% – 10% as much increase the number of new housing in this price range. From tenants will feel the increase in pressure on the market in 2015 that will surely be the cause of rising rents. Presumably, the rent can be increased to 5 % in 2015 year. This will be the first noticeable increase in rent since 2010 in London.

® Alice Morgan 18. 11. 2014.

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