Grows best luxury properties in London

 Apartment in London Luxury prestigious index W9 £1300000

The real estate market of London is growing even in a crisis.

The cost of luxury homes in Central London grew by £ 383 per day in the first three months of this year, and the average price of luxury apartments in London for the first time exceed £ 1 million

In General, prices in this sector increased by 2.3% in the first quarter of 2013, while average prices for luxury housing in London has now reached a new historic high of £ 1.53 million, according to data monitoring Cluttons.

Real estate consultants predict that prices will rise in this sector by 22% over the next five years, and after a decline in the market during the last quarter of 2012, prices for residential real estate in Central London made a sharp turn towards positive growth. The increase in prices recorded in all areas of London.

This means that on an annual basis, the projected price increase of 6.8%.

The biggest growth of prices for luxury properties in London was recorded in Central North West, including St Johns wood, Hampstead, Maida Vale, Regent’s Park and Highbury and Islington, which showed price growth of 4.5%, reaching values , for the first time exceeding 1.5 million pounds.

In the Central Western area of London, including Hyde Park, Notting hill, Kensington, Holland Park, Mayfair to a remote cabin, Paddington and Marylebone recorded the smallest increase of 1% for the quarter, which pushed average prices to £ 2360000.

Luxury properties in London is once again experiencing a sustained increase in prices is mainly due to the reduction in the number of proposals and increase domestic demand. To invest their capital in the most liquid assets and to provide long-term growth of capital value, buyers are looking for properties in locations with good transport links, such as Highbury and Canary Wharf.

Monitoring of prices shows that the market of Elite housing in London has successfully withstood the worst economic shock and continues to outpace the growth rate of the rest of the UK, although slightly reduced growth rate compared with the period preceding the recession.

® Alice Morgan. 30.04.2013