All real estate in London, United Kingdom

Location, climatic conditions, and economy

London is the capital of England, Great Britain and Northern Ireland, located in the southeastern part of the island of Great Britain, at the mouth of the River Thames, near the North Sea.

The climate is maritime temperate, influenced by the Gulf Stream (warm current). Winters are not cold, summers are comfortable, the inter-seasonal range of temperature fluctuations is small: in January - +5°C, in July - +18°C.

The most important sectors of the economy are: trade, banking services, insurance, asset management, medical, information (the city hosts the headquarters of the BBC - one of the largest media corporations), tourism, engineering, light industry, oil refining, petrochemistry, printing, food production, tourist goods.

Market and real estate prices in London

The real estate market in London is no longer growing at its former pace. The rise in interest rates signals the end of the cheap borrowing that set the stage for the global boom. The war and all the geopolitical events associated with it led to an increase in the cost of energy, and with that building materials, increased costs in connection with logistics. In addition, there was a significant outflow of wealthy buyers who were interested in residential property in London. There are currently fewer people willing to buy property in London among Russian, Chinese, and Arab investors. Part of the vacuum has been filled by rich British people investing in real estate in London with their savings to protect them from inflation.

In general, experts believe that some price correction is taking place, which will result in market stabilization. This is especially noticeable in the commercial segment: some of the commissioned objects in the city, put up for sale by developers, as well as secondary ones from the owners, are currently removed from the market.

Experts clarify that, of course, it is premature to draw conclusions about the deep impact of the political and economic situation on the volume of real estate transactions and the occurrence of stagnation, most likely we should talk about an adaptation period. It will come pretty quickly, as the intention of investors to buy residential real estate in London (houses, apartments in residential complexes), commercial premises has not disappeared, demand is still high, however, it is taking on a deferred character in the short term. Nevertheless, even in these conditions, new buildings are being built, customer reviews confirm the quality of completed projects.

Estimated cost of real estate in London according to the GEOLN.COM website:

• studio apartment 40 sq.m (secondary) - 538,000 USD,
• new building: in the suburbs - from 1200 $/sq.m, in the Hackney area (recognized as the best for cyclists, many parks) - from 6500$/sq.m, in the center (next to Buckingham Palace) - from 44000$/sq.m

Due to the high dynamics of price changes, you should use the information that is current at the time of the request.

Property types for sale

primary and secondary fund:

• residential: (apartments, private houses: detached, double, terraced),
• commercial: manufacturing (industrial enterprises), trade (shops, shopping centers, financial centers, supermarkets), hotels, warehouses, offices, etc.,
• land plots.

The GEOLN.COM website allows you to search for a suitable option in the object catalog without an intermediary, and use the consultation service. The sale of real estate in London is regulated by law, transactions are transparent and safe, but in order to minimize risks, it is advisable to use the information of experts and follow their recommendations.

Buying property in London provides not only a high rental income, but also business opportunities in the global financial center of the world.