London Luxury Property Market Seen Highest Growth in 6 Years
The city?s prime property market has grown by 1.2 per cent, a feat not seen since 2015.
The post London Luxury Property Market Seen Highest Growth in 6 Years appeared first on LUXUO.
Image: Fabian Kühne/Unsplash
The luxury property market in London is on the road to recovery as a report published by Knight Frank saw that prices in the city?s upscale neighbourhoods have grown the fastest in six years.
The past few years have not been the best for London as it has to endure the aftermath of Brexit and more recently, the pandemic. As a result, downward pressure on property prices is seen ? ?average prices in prime central London increased by 1.2 per cent in the year to October?.Â
Prior to this modest growth rate, home prices in London was recording double-digit growth and it peaked in 2015. This is before the following summer where the country held a referendum on its leaving of the European Union (Brexit). Suffering on multiple fronts, the ?succession of uncertainties? meant goom outlooks but one has to understand that the 1.2 per cent annual growth is the highest since September 2015.
New Market Place at East Ham Market Hall. Image: Barratt London.
READ MORE: World-Class Placemaking Projects Are Sprouting In London
?The prime London property market is resuming an overdue recovery that was interrupted by the pandemic,? says Tom Bill, head of UK residential research at Knight Frank.Â
During the early days of the pandemic, various news outlets have ...
The post London Luxury Property Market Seen Highest Growth in 6 Years appeared first on LUXUO.
Image: Fabian Kühne/Unsplash
The luxury property market in London is on the road to recovery as a report published by Knight Frank saw that prices in the city?s upscale neighbourhoods have grown the fastest in six years.
The past few years have not been the best for London as it has to endure the aftermath of Brexit and more recently, the pandemic. As a result, downward pressure on property prices is seen ? ?average prices in prime central London increased by 1.2 per cent in the year to October?.Â
Prior to this modest growth rate, home prices in London was recording double-digit growth and it peaked in 2015. This is before the following summer where the country held a referendum on its leaving of the European Union (Brexit). Suffering on multiple fronts, the ?succession of uncertainties? meant goom outlooks but one has to understand that the 1.2 per cent annual growth is the highest since September 2015.
New Market Place at East Ham Market Hall. Image: Barratt London.
READ MORE: World-Class Placemaking Projects Are Sprouting In London
?The prime London property market is resuming an overdue recovery that was interrupted by the pandemic,? says Tom Bill, head of UK residential research at Knight Frank.Â
During the early days of the pandemic, various news outlets have ...
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