Prime London property holds an endless fascination for the press. But let me share with you some happy reading that I, for one, haven’t seen reported.
Research has shown that in Chelsea, prices have appreciated by an average of +49% over the last five years, with Belgravia at +39% and Knightsbridge +45%.
Our source? The independent Dataloft company, with data from the Bank of England, Land Registry and the Office for National Statistics.
Like any survey, this can only suggest broad-brush averages. But during a period of major economic and political uncertainty, this speaks volumes about the resilience of the prime sector.
Separately, a new forecast by Barclays reports that “it’s encouraging to see this growth trend continuing… [London] will become an even stronger option for investors from the UK and further afield.”
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