In London a boom in the rental ultra-expensive housing

The rental market a luxurious and ultra-expensive London real estate is booming.

Against the background of uncertainty in the market sales of luxury and super-expensive London real estate and the extremely low number of proposals, the rental market, where prices are more expensive than £100,000 pounds a year under enormous pressure from tenants.

The latest report presented by Beauchamp Estates. in conjunction with Market Intelligence Group Dataloft, examined the topmost sector of the market According to the study, the cost of the annual rent in this sector is at least £108,000 pounds a year, or £9,000 a month. This is the highest level of rent, which was ever achieved in London.

In addition, 12.8% increase in the number of tenants who pay a rent of £10,000 per week compared to the same period in 2013.

The average rent in the rental market of ultra expensive real estate in Central London is now £182000 per year, or £3500 pounds in a week. In comparison with 2009 the growth of rental rates amounted to 23%. In 2009, the average rent on the real estate market was £2813 per week or £135025 per year.

For an annual lease price of ultra-expensive property in London, you can easily buy a house outside of London. The cost of the average home in England and Wales is £177299 pounds.

In 2014, rental of ultra-expensive London real estate grew at the fastest pace in the last four years. For the 12 months ending December 2014 , the lease was 6.5% higher than a year earlier.

The study also showed that the growing market for ultra-expensive rent is more expensive than £1 million a year. The first such cosmic prices appeared on the rental market residential real estate in London in 2010. There were only a few objects on the streets of Mayfair and Knightbridge. Now are the streets of London like Chelsea, South Kensington, Notting Hill, Regent’s Park, St John’s Wood and Holland Park have to offer the discerning rich property for rent at a price of £1 million per year.

The rental market is ultra expensive real estate is almost evenly distributed between apartments, of which 51% and houses, of which 49% . In the houses prefer housing mainly families from the Middle East, Africa, Russia and Kazakhstan who earned his fortune trading in oil and gas. In recent years there has been a noticeable increase in the number of rich people, visiting families from African countries, especially Nigeria, which pushed the Russians and citizens of Ukraine.

Luxury apartments are preferred by citizens of the UK, North America, continental Europe and Asia. For the most part in staff of the banking and financial sector or the sector of advertising, which are sent to London on a business trip for one or two years.

Requirements for ultra-expensive real estate: it must be area of 1200 – 1600 sq. m., include a cinema, wine cellar, gym with swimming pool, large car Parking, lifts , security and landscaped gardens.

Requirements of expensive real estate : an area of about 500 sq. m., level 5-star hotel service, the existence of private schools, lighting system, gym, Concierge, landscaped gardens with panoramic views of London.

Introduced last week the new scale of Stamp duty is particularly strong impact on the market super expensive London real estate when the client will make the choice most in favor of renting, rather than pay the huge Stamp duty, which is 12% when the price of real estate is more expensive at £1.5 million

® Helen Entree. On 11/11/2014

Publications in press about our company

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

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

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

TREVOR STREET, KNIGHTSBRIDGE SW7 £ 7,950,000

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

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

QUEENSBERRY PLACE – £ 12.5 million