London house prices: Market for £10m-plus homes gets boost from Russia

first_img Share London house prices: Market for £10m-plus homes gets boost from Russia Show Comments ▼ Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. Tuesday 25 November 2014 8:59 pm Tags: London house prices UK house prices center_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndoMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersUndoThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickUndoUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementUndo whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Sales of homes valued above £10m has soared by a third this year.The figures released yesterday by estate agents Knight Frank also show the number of transactions were 92 per cent higher from January to October than they were in the same period of 2014.A surge in demand has been seen from Russia. In the six months to October, 21 per cent of buyers were Russian, up from 13 per cent the same time last year.Buyers were also attracted by lower prices – according to Knight Frank, sellers slashed prices between 5 and 10 per cent. Prices of £10m-plus homes have risen 48 per cent since the last low point in March 2009 but annual growth has eased to 3.3 per cent.“Some buyers will remain cautious in the run-up to the general election,” said Richard Cutt of Knight Frank’s Prime Central London team.“However, the sort of global geopolitical instability that drives capital into London and underpins demand will remain.” last_img

Leave a Reply

Your email address will not be published. Required fields are marked *