“In the spring, the number of requests for the acquisition of real estate in London increased by 50% compared to the same period last year. Basically, our customers choose apartments in an elite segment for the purpose of moving, for themselves or children, ”said Marina Shalaeva RBC, regional director of Knight Frank. According to her, real estate transactions were mainly concluded in the budget of £ 2 million, while developers noted their readiness to provide Russian customers with a discount of 10-15%.
Over the year, the number of transactions with housing in the UK reached a maximum in ten years – 1.06 million for a total of £ 274.8 billion. The number of mortgage loans set a historical record, reaching £ 11.8 billion. In March, banks approved about 83 thousand loans, for comparison in February last year there were 73 thousand.
In March-April of this year, residential real estate in the UK rose by 2.1%. It is expected that by 2025, elite housing prices will increase by 24%. At the same time, Knight Frank notes that market activity has led to a supply deficit. The company with reference to the data of Onthemarket reports that in March in England and Wales it became 25% less than available lots than a year ago.
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The source said that already in 2021 very difficult times are waiting for Russians who have settled in England. A “revision” of a large community from the Russian Federation will be held through the domestic policy in several directions at once. The first is the sources of the origin of income. Second…
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