- MarketPulse - https://www.marketpulse.com -

Prices for London Apartments Surge

Apartment prices in “prime” central London rose by a staggering 33 percent last year, according to a report out on Wednesday, thanks to reforms to the taxes levied on homebuyers.

As a result, the average home price in prime central London—which includes some of the world’s most desirable addresses in the Royal Borough of Kensington and Chelsea and the City of Westminster—hit £1.74 million ($2.65 million), reported the London Central Portfolio (LCP), an asset management firm which invests in residential property.

The U.K. housing market showed mixed signals during 2014, after the introduction of schemes designed to make homebuying more affordable—particularly in London—piqued fears about another property bubble. Investors worried about the future of the market, hitting the number of transactions.

CNBC [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.


Latest posts by marketpulsefxstaff (see all [4])