The market is super-expensive real estate woke up after years of stagnation

The number of transactions concluded on the residential real estate market in the sector of super – expensive London real estate is more expensive than £10 million. fell by a third in 2015 due to the influence of raised Stamp duty, which is particularly sensitive for the buyers of this sector. So, for houses worth £10 million. the amount of Stamp duty is now instead of £700000 – £1.1 m .

Now investors in this sector will have a new “blow” is the value of Stamp duty increases from 01 April 2016 to 3%.

Meanwhile, the report of real estate Agency Knight Frank noted that the period of stagnation in the market ends and the sellers, exhausted from a year of inactivity, have begun to reduce the prices that buyers could save funds on the payment of Stamp duty. Market prices have become more realistic and this is the reason activity for many buyers. In the end, the agents began to cautiously speak about the growing optimism at the end of December 2015.

One activity that is present on the market of super-expensive housing Central London still exists as a refuge for global capital from geopolitical shocks and the volatility of the Chinese economy.

The most successful 2015 year has been to areas of London Kensington Mayfair and , continuing the upward trajectory initiated in 2014.

Thus, the share of new super-expensive real estate market of Prime London property is growing, having risen from one fifth in 2012 to one-third of the market share in 2015.

® Helen G. Antre 04.02.2016

KNIGHTSBRIDGE, LONDON SW1X – £8,750,000

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

HANS PLACE, KNIGHTSBRIDGE SW1X – £ 14500000

BROMPTON ROAD, KNIGHTSBRIDGE SW3- £1950000

HANS COURT, HANS ROAD SW3 – £ 13,950,000

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

PENTHOUSE – BERNERS STREET, FITZROVIA W1T £4500000