The cost of real estate in London can jump up to 100 thousand pounds per square m

The cost of real estate in London can jump up to 100 thousand pounds per square m

The cost of luxury homes in the most prestigious projects in London in 2016 may exceed the psychologically important threshold of 10 thousand pounds a square foot, which corresponds to 107.64 thousand pounds, or 169.727 thousands of dollars per square meter, the message says consulting company Knight Frank .

Currently, the most expensive house in London is complex estate One Hyde Park at the intersection of Hyde Park and the streets of Knightsbridge. At the time of opening in early 2011, the price of a "square" in the One Hyde Park was equal to 65 thousand pounds. In this case the owner of the most expensive apartments in the complex is a company owned by a Ukrainian Rinat Akhmetov.

To date, specified in the materials of Knight Frank, the cost of housing in the One Hyde Park has already risen to 7.5 thousand pounds per square foot, that is up to 80.73 thousand pounds per square foot.
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The report states that in the last quarter of a secondary market for luxury housing in London has shrunk due to increased demand has recently grown rich, and now want to acquire real estate in the UK people in other countries, especially from Asia, the Middle East and CIS countries.

Experts believe that the lack of real estate will be able to make new development projects, which differ not only in interior design from the best-known brands using the latest technologies, and providing complex concierge services.

"Given that over the last ten years - from 2000 to 2011 - the price has jumped from one thousand pounds per square foot (10.764 thousand pounds per square foot) to nearly 8000 pounds per square foot (86.112 thousand pounds per square foot) and taking into account the success of sales One Hyde Park and other apartments in superelitnom segment, I expect that the cost of record will be broken soon enough "- presented in the materials of the word Knight Frank head of the Research Department of the housing market of Liam Bailey.

At the same time, stress analysts, although the segment of luxury housing has shown a tendency to accelerate growth in prices not only in London but also in other international financial centers, only a few markets - New York, Monaco, Singapore, Hong Kong - can be compared with the capital of the UK.

As explained by experts in key markets such as London, the highly prestigious luxury housing projects attract wealthy buyers from around the world, but the number of sites suitable for real estate development is very limited.