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In central London, rising prices for purchase and rental of real estate

06.11.2012
Homesoverseas.ru editorial office
34
According to official statistics, in the center of London, produced the most sales transactions in the real estate market, 87% of purchases done without the involvement of mortgage, and 61% for investment purposes, according to the publication Property Wire. The volume of transactions in the third quarter of 2012 increased by 4% compared with the previous quarter, and with the supply reduction, the average price increased by 11% per square meter. This increase can be partly attributed to the rise in price of new buildings, which account for 56% of all sales, the report said the agency EA Shaw, which specializes in real estate transactions in central London. "As the global economy continues to show signs of instability, international buyers continue to look for a safe way of investing for their investment. Buying a property in central London is still seen as a good investment, but this year's real estate in the capital increased in value by about 7%," said Lisa Holland, director of real estate department at EA Shaw. The price of rent in the center of London in the third quarter increased by 3%, an increase of 12% compared to the same period in 2011. "The rental market in central London continues to grow and the demand is greater than supply. This is especially true for new construction," added Holland. The volume of transactions in the rental market increased by 31% compared with the previous quarter and up 8% compared to the same period in 2011. HomesOverseas.ru
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