While international realtors say that Europe could never get cheaper real estate, it does not apply to London...
Investment in this sector continues, at least when it comes to luxury buildings. In fact, in the most expensive areas of London are currently working on projects worth as much as 38 billion pounds, mostly Asian and European customers who are looking for a safe investment away from the turbulent economy euro zone. So until 2021 In London should be completed more than 15 thousand planned or already initiated luxury buildings, which mean increased revenue for the sector buildings more than two-thirds over the past year, while construction in other parts of the country stagnates.
If they get finished, the new luxury London homes will cover an area of 2.5 square kilometres, which is equivalent to the surface of the Olympic Park in Stratford, will be worth a total of 38 billion pounds. A large number of planned real estate is the result of extremely high demand for expensive homes in the capital of the Kingdom. Although house prices are still rising, investors have rushed to find a safe investment oasis, away from the mighty turmoil in the financial markets.
The London property market, which is in the top five in the world at the prices, continued to exceed competitive market in New York, Paris and Hong Kong. The least expensive property in London has risen by as much as 49 percept in the last three years, which has attracted many companies and wealthy individuals.
