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Peripheral areas in central London such as Shoreditch, Kings Cross, Battersea and Shepherds Bush could...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-318","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-58","jetpack-related-posts":[{"id":75641,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-house-prices-south-and-west-see-some-of-biggest-drops\/","url_meta":{"origin":318,"position":0},"title":"London house prices: south and west see some of biggest drops","date":"January 3, 2018","format":false,"excerpt":"\r Values in prime central London stabilise, while south and west areas such as Fulham bear brunt of buyers\u2019 Brexit nervesHouse prices in \u201cprime\u201d central London appear to be stabilising, while areas in the south and west of the capital such as Wandsworth and Richmond are now under increasing pressure,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":23189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prime-central-london-homes-at-bargain-basement-prices-post-brexit\/","url_meta":{"origin":318,"position":1},"title":"Prime central London homes at bargain-basement prices post-Brexit","date":"August 17, 2016","format":false,"excerpt":"\r Price cuts of nearly 20 per cent and a drop in the value of the pound have created \"Brexit discount\" bargains on some of the most expensive homes in central London - if you have millions to spare.The UK property market was one of the first sectors hit by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prime-london-property-prices-to-fall-9-this-year-says-savills\/","url_meta":{"origin":318,"position":2},"title":"Prime London property prices to fall 9% this year, says Savills","date":"September 21, 2016","format":false,"excerpt":"\r Uncertainty over Brexit plans and stamp duty on second homes have driven down central London prices, says estate agentProperty prices in prime central London are expected to end the year 9% lower than when 2016 started, as buyers wait to see how Brexit negotiations proceed. Uncertainty following the EU\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128539,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rent-for-prime-london-properties-up-13-5-in-a-year-as-super-rich-return\/","url_meta":{"origin":318,"position":3},"title":"Rent for prime London properties up 13.5% in a year as super-rich return","date":"August 8, 2022","format":false,"excerpt":"\r Estate agent Savills says increase of luxury rents in centre of capital show it is \u2018bouncing back\u2019 after pandemicThe super-rich are paying 13.5% more to rent luxurious central London properties than last summer, research has found, in the latest sign that overseas millionaires and billionaires are flocking back to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31330,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gulf-investors-know-london-is-fashionable-in-every-season\/","url_meta":{"origin":318,"position":4},"title":"Gulf investors know London is fashionable in every season","date":"October 23, 2016","format":false,"excerpt":"\r LONDON \/\/ It is fitting that the Dubai developer Damac Properties chose Knightsbridge in which to build its London show apartment. The display unit, just opposite Harrods department store, is a replica of a Versace-furnished flat at the planned Aykon London One development, Damac's first outside the Middle East.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31346,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gulf-investors-know-london-property-is-fashionable-in-every-season\/","url_meta":{"origin":318,"position":5},"title":"Gulf investors know London property is fashionable in every season","date":"October 23, 2016","format":false,"excerpt":"\r LONDON \/\/ It is fitting that the Dubai developer Damac Properties chose Knightsbridge in which to build its London show apartment. The display unit, just opposite Harrods department store, is a replica of a Versace-furnished flat at the planned Aykon London One development, Damac's first outside the Middle East.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/318"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=318"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/318\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n Peripheral areas in central London such as Shoreditch, Kings Cross, Battersea and Shepherds Bush could be the new engine room of the London prime property market in 2016, it is suggested.These locations are likely to contribute to anticipated price growth of around 3% across prime London, according to an outlook analysis from boutique search agent Banda Property.It also suggests that strong competition among British home buyers for middle level housing in the \u00a31million to \u00a32 million price bracket will focus on outer central areas which offer quality flats and family houses with gardens, good schools, transport links and village amenities. Overall, the prime central London market is set to benefit from a surge in demand for investment properties early in the year as buy to let investors and second home buyers rush to beat the April deadline and avoid the new additional 3% stamp duty, the report explains.However, the firm expects that the numbers of new foreign buyers entering the market from Russia, the Middle East and Asia will be smaller than in 2015, as a result of higher costs and unfavourable exchange rates. But despite the Chancellor sending a negative message to investors with further stamp duty increases, Britain is still regarded as the best in Europe if not the world for real estate investment thanks to its tolerant and secure society, stable economy, transparent financial and legal systems and world class education ensuring it remains an attractive option for internationals seeking somewhere to live. \u2018If the effects of the last stamp duty rise are anything to go by, we may well see a surge in activity as second home buyers and investors try to close before April. This will temper potential annual capital growth to the relatively moderate level of 3% overall and value will become more important than ever,\u2019 said Louisa Brodie, head of search and acquisitions at Banda Property.\u2018I\u2019m confident that the London property market is resilient, as demonstrated this year, when despite hugely negative press and challenging regulation changes, the market has slowed but still remains an attractive proposition to buyers with a long term view,\u2019 she explained. \u2018British homebuyers will dominate in 2016, buying up good value properties in the peripheral ring around the prime locations. They are broadening their horizons beyond the obvious areas such as Chelsea and Belgravia, looking instead to places such as Battersea, Kings Cross and Clerkenwell as well as Shepherds Bush and Ealing in the west, in order to secure more square footage for their money,\u2019 she pointed out.\u2018With the key sections of Crossrail coming into operation by 2018, we will see particularly strong growth along the corridors of operation in the coming year,\u2019 she added.
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\nSource : propertywire.com
\nRead more…Peripheral areas in prime central London market set to help prices rise by 3% in 2016<\/a><\/p>\n