The International Marbella Set
Showing posts with label as there has been a three-month on month increas. Show all posts
Showing posts with label as there has been a three-month on month increas. Show all posts

Wednesday 8 February 2012

:Text may be subject to copyright.This blog does not claim copyright to any such text. Copyright remains with the original copyright holder.Demand for the best houses in London does not seem to be affected by the economic crisis, as there has been a three-month on month increase with growth of 2.7 per cent, the highest level since July last year. According to the Prime Central London index published by the residential agent Knight Frank, demand for top homes in the capital rose by 0.9 per cent overall in January.
The annual growth in prime house prices has also reached 11.9 per cent, which has increased values by 42 per cent since their post-Lehman Brothers low in March 2009. Areas that have particularly benefited from this increase over the course of 2011 were Chelsea (16.6%), Hyde Park (14%), Kensington (13.9%) and St. John’s Wood (13.35), according to the index.

Liam Bailey, the head of residential research for Knight Frank, showed a positive prediction for this year, looking at the last figures. “As 2012 begins, our view is that the prime central London market will see slower but still positive price growth”, he said in the report.

Figures were positive in terms of new buyers’ applicant volumes, which grew by 10 per cent in last year, compared with the volumes of new homes for sale, which rose by 6 per cent. In this sense, the ratio between the number of buyers registering to purchase homes in Central London and the available offers had risen to hit 4.1 in the past three months. Knight Frank considers that the £5 million plus range, where applications were higher by 65 per cent year-on-year, was the moment with a higher imbalance between offer and demand.

Mr. Bailey pointed out that “the Eurozone crisis, which appeared to reach something of a crescendo in the pre-Christmas period, had little impact on the prime London property market. Ironically, economic and even political turmoil have provided the impetus for growth, with a sharp growth in investors looking for a safe-haven location for at least part of their wealth portfolio”.

In addition, there has been an increase of interest in property purchases from abroad. In a survey carried out by the residential agent between several estate agents, “there was a consensus that buyers from Russia and the former CIS states would become even more important to the London marketplace. Demand from Chinese nationals, which was negligible until 2010 was expected to continue its recent rapid growth, followed by Indian and Middle Eastern demand”, Mr. Bailey added.

According to the report, European buyers have also put their eyes on the central London property market, who describe the importance, value and privacy in an urban environment as the main factors taken in account when they buy a house. In terms of market, “one of the UK’s real attractions for international investors and residents has always been its reputation [London property market] for stability in legal, political and tax affairs”, Mr. Bailey commented. 

Categories

'Cheating' Chilean miner rescued (1) 'Codependency is not about a relationship with an addict (1) 000 inhabitants (1) A Pole Addict's 12 Step Program: Step 12 (1) ADDICTED TO LOVE (1) CONTINUE ENGAGING YOUR PRIMARY MATE (1) Celebs manage a quiet divorce (1) China’s aggressive new regulations aimed at cooling off the nation’s real estate market have led to the first decline in housing prices in 16 months (1) Courtney Cox was cheating (1) Depression (1) Hollywood ex-romance: Shia LaBeouf and Carey Mulligan confirm their Split (1) INVEST IN A “PAY-AS-YOU-GO” PHONE (1) Jerry Hall former model and wife of Rolling Stones singer Mick Jagger (1) Joaquin Villanova (1) Juhu-based actress has lodged a case against her husband and his two brother-in-laws from his first marriage for cheating and threatening her. (1) Successful businesses must focus on relationship building (1) That was the best sex ever (1) Tiger Woods Tiger hole number 3 (1) What is Compulsive Sexual Behavior (1) as ‘outrageous’ for a municipality of 30 (1) but she didn't give up looking for me at just one strip club. (1) control battles take place (1) denounced the salary of the Mayor (1) has revealed her ex-husband’s addiction for poker and women. (1) husband was having sex with someone else (1) it is the absence of relationship with self (1) mood swings and irritability - these symptoms are more visible in men when they break up with their girlfriends. (1) signs of a cheating wife you can't ignore (1) “It was like she was stalking me. “She definitely knew who I was and wanted to meet me and talk things over (1)

Unordered List

Disclaimer

Disclaimer: The statements and articles listed here, and any opinions, are those of the writers alone, and neither are opinions of nor reflect the views of this Blog. Aggregated content created by others is the sole responsibility of the writers and its accuracy and completeness are not endorsed or guaranteed. This goes for all those links, too: Blogs have no control over the information you access via such links, does not endorse that information, cannot guarantee the accuracy of the information provided or any analysis based thereon, and shall not be responsible for it or for the consequences of your use of that information.

Blog Archive

Pageviews from the past week

Subscribe via email

Enter your email address:

Delivered by FeedBurner

Members

Powered by Blogger.

Translate

LinkWithin

Related Posts Plugin for WordPress, Blogger...

Popular Posts

THE INTERNATIONAL MARBELLA SET

THE INTERNATIONAL MARBELLA SET

Popular Posts