Prices for luxury properties in London will increase by 22% in next 4 years

The increase in Stamp duty and the uncertainty associated with the forthcoming parliamentary elections, led to the fact that prices for luxury properties in Central London fell by 0.5% in the first quarter of 2015.

For the past 12 months, the average price of luxury housing in London is not showing growth.

Housing in London luxury was the most vulnerable to the new scale of Stamp duty and suffer , if you enter “tax on Sabanci” . These factors have led to the fact that property prices in Central London fell by 4.3% over the last year.

Vulnerability to electoral sentiment demonstrates the market of South-West London, though with less visible effect of falling prices.

Contrasted with these areas of the areas of London, Islington, Wapping and Canary Wharf, where prices continued to grow for the past year. This is not surprising because housing prices in these rainah on average below £1 million, which means that it not only suffered from the introduction of a new scale of Stamp duty, but instead won Because real estate is cheaper £937500 pounds tax burden is significantly reduced. Thus, the most reliable investment today continues to be the average price of a property in the price range up to £937500 pounds.

The weakening of property prices in London have forced buyers and investors withdraw their capital on the real estate market outside the capital, and that was the reason for price growth in the first quarter at 1.1%.

Savills predicts a rise in prices for luxury housing in the centre of London, 22.7% by the end of 2019 in the case, barring additional deterioration of the tax legislation in this sector.

Even if negative developments and the introduction of a “mansion tax”, Savills promises the price increase by 15.9% in the sector of Prime London property in the coming 5 years, with the strongest growth in property prices cheaper than £5 million., where the tax burden will not be so noticeable.

® Helen G. Antre 22.04.2015

 KNIGHTSBRIDGE, LONDON SW1X – £8,750,000

MONTPELIER MEWS, KNIGHTSBRIDGE SW7 – £9,500,000

THE BELVEDERE, CHELSEA HARBOUR SW10

HANS PLACE, KNIGHTSBRIDGE SW1X – £ 14500000

BERNERS STREET, FITZROVIA W1T – £1,995,000

FITZJAMES AVENUE, WEST KENSINGTON W14 – £ 2,300,000

IMPERIAL CRESCENT, IMPERIAL WHARF SW6 – £ 4,550,000

THE KNIGHTSBRIDGE, LONDON SW7 – £ 2,950,000