Thus, by the end of 2021 in London due to be completed more than 15,000 planned or already started building luxurious facilities, which means that the income of the construction sector in the UK will increase by more than two-thirds compared to the previous year, although construction work in the rest of the country stagnate.
New luxury London homes will extend over an area of 2.5 square kilometers, which is equivalent to the surface of the Olympic Park in Stratford. Much of the planned real estate is result to the extremely high demand for expensive homes in the capital of the kingdom.
Although property prices in London are still rising, investors are increasingly interested in buying since found a safe oasis, tucked away from the turmoil in international financial markets.
London real estate market, which is among the top five in the world according to the level of prices, continues to exceed the competitive markets in New York, Paris, and Hong Kong. The most expensive real estate prices in London rose by 49% in the last three years, and this trend has attracted numerous companies and individuals.
Just last year in London were sold luxury homes worth two billion pounds (2.51 billion Euros) and in luxury neighborhoods like Uan Hyde Park (One Hyde Park). It is estimated that the sale of luxury real estate will reach 8.5 billion pounds ($ 10.68 billion) by the end of next year, and in 2016 to 10.2 billion pounds (12.81 billion Euros).
"London continues to be a magnet for high-class global investors because it offers clear opportunities for investors to get a return on investment,"
London continues to be a magnet for high-class global investors because it offers clear opportunities for investors to get a return on investment, second home to the world's rich
But unlike the previous "real estate boom" Farmer stresses that these funds flow into the construction sector usually come from long-term investors such as pension funds, which invest safely and require a stable return on investment.
Thus, for example, the British insurance company Aviv recently funded the construction Fitzroy Place block buildings with 237 apartments near Oxford Street.
"No matter where you are in the world and the kind of business you have. The trend is immediately when someone succeed in business one of the first things I will do is to buy a second home in London, "said Tony Pidgley president Berkeley Group, the largest construction contractor in London.
Pidgley, whose company has built the largest residential skyscraper in London, says that international investors have favored capital of the UK compared to other world capitals, mostly because of the transparency of the real estate ownership.
"This is one of the most fully open markets for real estate in the world - if you buy something, you own it and no one can take away," highlights Pidgley.
London tops list for investment in real estate: http://www.nelsonssales.com/
The price of luxury real estate in London grew by 9.9% and previous month increased by 0.5%, according to the London real estate market brokers.