Luxury real estate in London is growing steadily in price

The cost of residential real estate in the central areas of the city is growing rapidly after the crisis of 2008, the annual price increase is higher than 10%, according to the online source Property Wire with reference to the report of the company Cluttons. Prices in the second quarter of 2013 increased by 10.2% for the year and quarterly growth, according to preliminary estimates, will reach 4%. The company's specialists have noted that this increase is partly due to the improved economic situation and the labor market growth in the UK capital. In London, the increased number of highly paid specialists, leading to an increase in demand for expensive housing. According to the source, the volume of supply in the housing market in London is now at a record low, and the demand for real estate is growing here. Experts predict that the growth rate of prices for the end of summer 2013 will be moderate, and in 2013 prime London property prices annual growth will be 7%. HomesOverseas.ru