Positive long-term Outlook on the real estate market of England

Long-term forecast for real estate market of England is positive, but the election results are unlikely to cause significant price increases . Company luxury real estate UK Knight Frank has published its view on the market. The results of the General election in may 2015, the put an end to the uncertainty that prevailed in the market in view of concerns of imposing new tax burdens on the sector of real estate in the UK.

Indeed, the growth of housing prices had slowed to an annual value of 2.5% in March , falling from 5.2% in the second quarter of 2015.

Experts of the company Knight Frank expect that in conditions when the market corrected elements of political and taxation uncertainty, buyers and sellers will return to the market . However, prices in the elite housing market are still below their pre-crisis peak levels, which creates good investment opportunities for buyers in the next 12 months.

Do not expect strong price growth. Those sellers, who, being in the post-election euphoria, much to raise rates, most likely, faced with the realities, understand the unrealistic nature of their expectations.

The situation on the market is primarily formed by the balance of supply and demand. In the next few months on the market, will significantly increase revenues, which will create healthy competition and will help to curb prices.

The second limiting factor is the increase in Stamp duty in December 2014. For any buyer of real estate is more expensive £937500 pounds on the new scale, the cost of buying will increase, which will force buyers to look for discounts and additional savings.

In the long-term Outlook on the real estate market positive while maintaining low interest rates by the Bank of England, sustainable economic growth and competitive conditions in mortgage lending. Now significantly increased the number of buyers, which intend to reduce the price gap between the prices for elite real estate in London and other UK regions and most likely, this trend will continue.

® Maxim Savitsky G. 08.06.2015

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

BROMPTON ROAD, KNIGHTSBRIDGE SW3- £1950000

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

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

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