Articles liés à Real Estate Market UK: Development of prices in London

Real Estate Market UK: Development of prices in London - Couverture souple

Schmitt, Benjamin

 
9783638754118: Real Estate Market UK: Development of prices in London

Synopsis

Seminar paper from the year 2006 in the subject Business economics - General, grade: 79%, European Business School - International University Schloß Reichartshausen Oestrich-Winkel (Department of Real Estate), 20 entries in the bibliography, language: English, abstract: Rental growth in London is rising at the fastest pace in 18 years. First-quarter sales grew 41% this year. As a result of this tremendous real estate sales increase, there is an eminent shortage of real estate, which leads to price s in this sector. Only in October 2006 the prices climbed about 2.1% which is a 12-month-increase of about 25%. Renting a six square metre apartment in Notting Hill costs about 800 Euros per month. Agents advertise with slogans like "tiny, but trendy" and say that these apart-ments would be "ideal for someone with an active social life outside". A property which cost £ 100,000 about 30 years ago would today cost about £ 3.473 million, which translates into a total growth rate of 3,473%. The goal of this working paper is to figure out why there is still such a high demand for real estate in London, even it is one of the most expensive cities in the world. Further-more this working paper wants to show external aspects which drive the prices, and opportunities and threats which come along with this price boom.

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