Riverview valued buyers is much higher than the garden on the South side

Despite the fact that Agency of property in the UK presented house with land on the South side as some kind of exclusive benefit of the house, in fact it is not reflected in the price of the sold property. It is believed that the garden on the South side of the house that receives more sun during the day and, therefore, brighter and warmer.

Analysis from the insurance company Direct Line Home Insurance showed that a house with a garden on the South side offered for sale at the asking price by 0.37% more than comparable property with a garden on the North side.

But buyers appreciate the view of the river – on average 9% higher than the price of objects with a view of the river compared to an identical property in the same structure, but without such a view.

For apartments in London also the price difference between apartments overlooking the river and with other species sometimes reaches fantastic proportions.

For example, in one of the Northern areas of London, the apartment is on the fourteenth floor with three bedrooms with a river view costs £850000 , which is 42% or £250000 more absolutely identical apartment on the 3rd floor of the same house on the third floor.

This trend not only in London. The prices of many new apartments in skyscrapers more expensive with each successive floor. For example, some developers have the increase to £15,000 for each floor – the so-called “sky high” price.

Another example is in a new building near the station Colindale London apartment one bedroom on the fourth floor is worth £438950 , at the same time, an identical apartment on the eighth floor in the same house is worth £475000 .

Thus, people are willing to pay thousands to live high and have a scenic view and perspective , with a garden on the South side buyers are willing to pay quite a ridiculous amount of money.

® Helen Entree. G. 08.02.2016

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