Real Estate Market in London: in anticipation of recovery

27.11.2010 16:02
The property market in London and surrounding counties to the capital is preparing for another ascent, bail is - interest from foreign buyers. But there are other prerequisites for the revival is not the market.<br /><br />According to Andrew Hiller, head of London office real estate company The Buying Solution, in the first quarter of 2011 the number of transactions in real estate is likely to increase: this is due to the fact that from April next year's sales tax on real estate will grow by 5% - accordingly, the parties will seek a speedy conclusion of transactions.<br /><br />British experts are oriented on the purchasing power of foreign nationals: a property in Berkshire, Buckinghamshire, Surrey, Oxfordshire and West Sussex is in constant demand from the Russian, Chinese and Indian buyers, reports Property Wire. Surge of interest may also be related to the receipt of annual bonuses of major companies and a shortage of quality housing.<br /><br />On the other hand, the likely increase in interest rate of VAT could lead to that category of potential buyers, not hurrying to part with money prefer to take time out to trace the changes in the market.<br /><br />Tough times await perhaps that country real estate premium cost of 10 million pounds. The proposal in this sector exceeds demand, but prices are, however, remain heavily overpriced.<br /><a href=" "> </a><br />
Content tags: Overseas property
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