For these reasons, Hyde Park, which has a wide range of luxury apartments available for both renting and buying purposes, is becoming popular among the wealthier investors. For instance, the Lancasters is a recent development which has over 75 new residential flats which offer stunning views of the charming lush greenery of Hyde Park and further. The most astonishing part of homes in this development is that regardless of the fact that they are being sold at a costly rate of £3,500 per sq ft and above, Lancasters still stands sold up to almost 90%!
These statistics also indicate that the present market of real estate investments is only focused on the high-end or prime property buyers who can afford more expensive homes. As in the case of Lancasters, these high profile apartments in the central London area are also suggestive of the fact that there is abundance of homes for those who wish to buy super-prime and thus, expensive homes. This is also because areas like Hyde Park are known for their cream of the crop image and the richer buyers who prefer to stay with people of the same strata and class, will buy an apartment in Hyde Park just to ensure the same class in vicinity.
Since the residential property in Hyde Park is being sold to various buyers at higher prices, the property rentals too are in the landlords’ interest as they are also meant for the top-end market.
Other upcoming new developments are also located in popular upmarket areas like Chelsea & Fulham, South Bank, City, and highly modish and fashionable area of Kensington. There are nearly 125 new residential development plans coming up in London’s other prime areas also.
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