London real estate market: prices, trends and prospects
The real estate market in London is one of the most expensive and dynamic in the world. The city attracts investors and buyers from all over the world due to its status as a global financial center.
In prestigious areas such as Mayfair, Chelsea and Kensington, the average price of a home exceeds several million pounds. However, the popularity of more affordable areas, such as East London, where infrastructure and transportation are actively developing.
Property prices in London are steadily increasing, despite economic fluctuations. Among the main factors: high demand, limited supply and the status of the city as an international hub.
An interesting trend is the increasing popularity of rental housing. Many people prefer renting to buying due to high initial costs. The market outlook remains favorable, especially for investors in rental housing.