Skip to main content

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 Belgravia are still consistent in their popularity among affluent foreign buyers who are interested in putting their wealth into a safe investment haven.
Trends show that the ratio in which over a million pounds’ property sales in London to non UK buyers has increased from 51% to 60% for properties priced over £5 million. If you plan to invest into London property, then this is a good time. But report show that London price growth is good now, however, is likely to stay muted for some time.
Also, London’s lettings market has seen a rough year as compared to the residential property sales sector. The rents were consistently growing for a long period throughout 2011, however, in 10 out of the 12 months in the year 2012, the rental prices have seen a decline. That’s good news for tenants.
Ultimately, it is London’s employment sector which largely affects the property trends within London. A recovery is expected in the lettings market especially only when significant improvements happen in the employment sector of London.
Finally, speculation has it that the property prices which have seen an upward trend until now, may stay stable for some time and the rents are not expected to go up further. Nonetheless, investment in London property is never unsafe as such.

Comments

Popular posts from this blog

London Short Term Apartments: Travel With Ease

Boosting Big Ben, luring London Eye, tantalizing Tower of London, serene St. Paul's Cathedral, hypnotizing Hyde Park and mesmerizing Madame Tussauds – London weaves some of the most beautiful and fascinating attractions in one thread of love and affection. The city welcomes streams of vacationers every year that go gaga over its authentic appeal. However it's the amazing list of transportation system that tempts vacationers with their factors like accessibility, affordability and comfort.

The city features wonderful road, rail and air networks that let the vacationers and locals move around with great ease. Especially the London bus networks stay quite popular among vacationers that connect them to almost all the areas of the city without burning a hole in their pockets.

Those looking for a more comfortable and private traveling within the city may hop on Black cabs and hire cars. All the cabs in the city are licensed and charge as per the electronic meter.

Londo…

How to get Reliance Jio Barcode on Any Android Phone

Reliance Jio is the latest trend that has turned everyone’s attention in India. It is an opportunity for users to experience the Jio True4G network. Using the Jio SIM, customers can benefit 3 months free access to unlimited 4G data. Jio has one rule- One device one Jio 4G SIM and so Jio has started giving barcode like code which is generated once you install the MyJio App on your device which is a Mirror of your IMEI number. This barcode can be generated only once and it has a time frame within which you will have to buy the Jio SIM after showing your barcode.
 We all know that Reliance Jio has not yet launched its services for all, they have started with selected users like LYF phone and then they started giving the Jio SIM card to Samsung VoLTE (Voice Over Long Term Evolution) supported android devices. But now, there are techniques wherein you can use the Jio services for all types of android devices. Considering the speed and data, Reliance Jio is the best as of now. To get the rel…