London Real Estate 2021
Underlying market conditions in super-prime Central London are holding up well with regular transactional evidence at price levels between £8m and £30m+.
Assets such as art and residential real estate are seen to be excellent long-term investments as well as enjoyable places to park capital. Advised expertly both seem set to show steady, if not strong, capital appreciation.
Some months back, while there was no vaccine in sight for the global pandemic and late spring -through- to the fall brought long sunny days in the UK, there was much talk and reporting of city people fleeing urban life for the countryside. To an extent some of this was true but a lot was based on the acquisition or rental of country homes as opposed to a permanent departure from London.
The evidence of late shows sales volumes on the increase, admittedly more so where a garden square or outside space is involved.
Cities like London are going through a temporary hiatus while non-essential shops and restaurants are closed and we remain in a Tier 4 lockdown. But this will pass as the vaccination programme gathers pace and restrictions can be lifted.
This great, historic and vibrant city is bucking the trend in terms of real estate and it’s not difficult to see why. A city of royal parks; garden squares; elegant, classic terraces; grand town houses and state-of-the-art developments - there’s something for everyone.
And, let’s not overlook that, once London opens up again - as it most certainly will at some point this year - it has world-class hotels, outstanding schools and universities, great theatres, numerous public and private art galleries, music venues and outstanding shopping.
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4 年Thanks for posting this article. It confirms that this year the real estate market is getting stronger.