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Showing posts from 2012

Will House Prices in Prime Central London Stay Up or Go Down This Year

London real estate market has always been under scrutiny across the world, known for its steep prices and profitable property. Prices of prime central London residential property have seen an upward trend by 53% as compared to 2009 March. The last time the real estate market was at peak was in March 2008, and the prices now are 16.5% higher than that also!! Now that’s quite a significant increase.
So, looking at the global trends in the property market, Jakarta Beijing and Hong Kong, are the only few global cities which have surpassed London’s growth pattern in property price since the financial dip of early 2009. Surprisingly, the main international property investors in London real estate hail from Russia, US, Italy, India, and France.
As such, London’s all areas are performing well in terms of price growth but the prime area of South Kensington has been the leader in attracting international buyers in 2012. At the same time, Kensington, Hyde Park, Knightsbridge, and…