Super-Rich Bring Liquidity to UK Housing Market
The real estate market in the United Kingdom, and London in particular, is experiencing great liquidity due to the number of highly affluent buyers looking for luxury housing. Both international billionaires and local City bankers are choosing to invest large portions of their substantial wealth into the real estate market, while at the same time gaining a top-end property in a globally accessible location.
There is a recent glut of super-rich buyers who are looking for a luxurious, high-end home in the United Kingdom which they can use as an international business base. These same property purchasers feel safe in investing some of their considerable fortune in the tangible world of real estate.
The Centre for Economics and Business Research reports that nearly £9 billion (equating to nearly $17.5 billion) was paid out in bonuses this year to London’s City executives, and a good deal of this is being ploughed into the real estate market. This is significantly increasing the flow of capital into the luxury sector; the value of property in this sector could increase by 25% this year. This rise is partly due to a lack of supply of high-end, top quality multi-million pound houses and apartments in the United Kingdom. The balance between supply and demand is to be redressed, however, by the amount of developers starting to build properties to the specifications and standards expected from the super-rich.
Research from the Halifax Bank reveals that real estate in London is currently worth £724 billion, a 26% increase from last year.
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There is a recent glut of super-rich buyers who are looking for a luxurious, high-end home in the United Kingdom which they can use as an international business base. These same property purchasers feel safe in investing some of their considerable fortune in the tangible world of real estate.
The Centre for Economics and Business Research reports that nearly £9 billion (equating to nearly $17.5 billion) was paid out in bonuses this year to London’s City executives, and a good deal of this is being ploughed into the real estate market. This is significantly increasing the flow of capital into the luxury sector; the value of property in this sector could increase by 25% this year. This rise is partly due to a lack of supply of high-end, top quality multi-million pound houses and apartments in the United Kingdom. The balance between supply and demand is to be redressed, however, by the amount of developers starting to build properties to the specifications and standards expected from the super-rich.
Research from the Halifax Bank reveals that real estate in London is currently worth £724 billion, a 26% increase from last year.
If you wish to see the original article please click here
posted by Obelisk International at 3:55 pm
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