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Hyde Park Luxury Homes Sell At Handsome Prices
Property market may be going through its own share of problems with slow moving property prices and rentals, but prime central London’s residential property is consistently growing in this scenario also and not just that.
By: Instyle Apartments London
There is also a rise in new built properties in London’s prime areas. Almost 125 new housing development schemes are currently at various stages of planning, site acquisition, construction, etc. Amounting to nearly 70 % increase as compared to last year's statistics, these numbers pumped up due to real estate developers and property owners planning more new builds and schemes keeping in mind the increasing foreign buyers. Lately, more and more foreign investors seem to be interested in prime central London residential properties. Reports show that there are few selective areas where majority of the new developments are concentrated pertaining to their popularity and upmarket lifestyles. Chelsea & Fulham would comprise 25% of the pipeline units followed by developments on the South Bank with 17%, City and Fringe 12%, Midtown 11% and highly chic and fashionable area Kensington at 10%.
Page Updated Last on: Oct 12, 2012