Prime property in London, England has hit a record high. The average asking price of homes in Kensington and Chelsea has hit an average of £2 million due to wealthy buyers from India, China, and Russia. These foreign investors are still targeting London’s real estate due to Britain’s transparent legal system and its reputation as a safe haven.
U.K.’s Capital Set to See Price Growth of up to 3% This Year
March 12, 2012 by
According to Cluttons, prices of prime London real estate properties are set to increase by up to 3% this year, but it is predicting the rest of the country could see housing price falls of around the same amount.
Prices At One Hyde Park Could Hit £10,000 per Square Foot by 2016
November 16, 2011 by
According to a report in Arabianbusiness.com, prices at One Hyde Park in Knightsbridge London could hit £10,000 a square foot by 2016. The development of 86 prime residential apartments already sells for £7,500 a square foot, an incredible increase of £3,000 since the development was launched in 2006. The project is owned by Project Grande
