Marylebone and Regent’s Park are up and coming areas in the super-prime development market. In the last five years developers, aware of the area’s investment potential, have built some 300 new units with a further 217 currently under construction.
Tagged – ‘property values’
Country house prices were unchanged in the second quarter of the year, following three consecutive quarters of price growth for prime Scottish house values.
Prime country house prices in England rose by 1.1% in the second quarter of 2014, taking the annual increase in prices to 5.2% over the year to June.
Despite Rublevka’s reputation as the most expensive residential area in Moscow, Knight Frank’s research suggests that some suburban areas within the city are even more expensive.
With growth of 1% quarter-on-quarter, prime residential prices in Dubai saw relatively weak growth in the first three months of this year.
The prime country market began to pick up in 2013 and prices have been rising now for five consecutive quarters.
The turning point for the prime market outside London happened in early 2013 and the recovery has continued in 2014.
As macro-economic risks recede, fewer foreign buyers are seeking the “safe-haven” appeal of London property.
Sales and rentals data in May 2014 suggests a reversal of fortunes is on the horizon in prime central London.
Residential property sales under $2m in the prime new-build country market of Moscow increased by 13% in 2013, according to Knight Frank’s Moscow Country House Market Report 2013.