Britains Super Expensive Streets
About two thousand streets in the United Kingdom now have average house values of £1 million, it is revealed today. The costliest street is in London’s Kensington Palace Gardens, where the average property costs £18 million. 3 quarters of Britain’s “Golden Streets” are in London, while a high concentration may also be found in Guildford, Richmond and Leatherhead. Virginia Water in Surrey where the average property is now worth £920,000 is the sole area outside London to make the top ten most expensive postcodes, according to the study by property web site Zoopla.
Ad Today’s total number of 1,995 streets where the average property value is more than £1 million is an increase of 36% on fifteen years back when there were 1,471 streets. Nick Leeming, commercial director of Zoopla.co.uk, recounted : as a country we are obsessive about property values. The past twelve months has seen home prices in the premiere areas of the country rebound at a far quicker rate than the average, making a contribution to a dilating of the North-South divide. Boris Kofman, a manager of Mayfair-based property consultancy Virtus property, which takes super prime London property on behalf of some of the planet’s richest people, claimed the top end of the market has been impervious to the downfall experienced further down the property chain. There are always folks that are intensely rich and who will need to buy super prime properties as prize assets, whatever market conditions may be, he claimed. The exchange rate having been so favourable to overseas purchasers during the last 2 years has put far more of a premium on super prime London properties. You also need to remember that properties at the very top end of the market are very rare, which again guarantees costs remain high.
It comes as a separate survey by spareroom.co.uk advised a 3rd of folks that hire do not believe they will ever be well placed to afford to get a property.
