New builds in London (the UK)
City on the map
London is the capital and largest city of the United Kingdom of Great Britain and Northern Ireland, located on the flat territory of the London Basin. The Thames River flows through the city from the southwest to the east and flows into the North Sea.
Why is it profitable to buy an apartment in a new build of London?
London was ranked 4th among the most prosperous cities in the world according to the UN in 2012 (after Vienna, New York and Toronto) and, regardless of the formal ranking in subsequent years, this is the confirmation of the capital's high position. London is one of the most respected leading cities on the list to this day, that is, it simply cannot but be attractive for investment. There is a huge number of international trading companies in the jurisdiction of the city, people with super-large capital live and do business here, influencing many processes.
The following industries are developed in London: information technology, mechanical engineering, light industry, food, oil refining, petrochemical, printing, etc. In addition, there is also a port, which was the largest in the world, now - one of the leading in the UK.
Tourism is also very important here: visitors of this city leave billions of pounds here every year. In terms of popularity among tourists, the city is second only to Paris in Europe, although some experts dispute this, proving that London is still the first. The Tower, Palace of Westminster, Westminster Abbey, St Margaret's Church, Greenwich Building and Royal Botanic Gardens (Kew) are included in the UNESCO World Heritage List.
Transport infrastructure in London is well developed. The work of public transport is organized by the municipal service, which operates buses, metro, trams, and also licenses city taxis and water public transport. A cable car across the Thames connects the Greenwich Peninsula with the Royal Docks area. Bicycle rental is also well-organized. Train stations are located around the city center, which are mostly terminal railway stations. London has 6 airports, two of which (Heathrow and City Airport) are located within the city.
There are over 40 universities in London providing education to about 400 thousand students.
Like any metropolis, London is not devoid of crime, but effective police work allows all visiting tourists and locals to feel calm and confident.
The climate in London is temperate maritime, mild winters and warm summers, precipitation is evenly distributed throughout the year. The comfortable climate, as in the whole of Western Europe, is associated with the impact of the oceanic current of the Gulf Stream.
There are many new builds for sale in London. Currently, in the city itself and its suburbs, there is a wide selection of new housing in the residential complexes, which is available for purchase "off plan", that is, the sale of apartments from developers is carried out at the initial stage. This method of investing in residential complexes in London is common in the UK real estate market and provides an opportunity to receive a stable income.
When purchasing an apartment at the construction stage, the buyer makes a deposit of 10 to 30%. The rest of the cost is paid only after the completion of construction and commissioning of the house. Usually, the developer gives the buyer the right to sell his property even before the completion of the project, which makes it possible to profit from the rise in prices for real estate in London in a new build for sale during this period. Average price growth is 7-10% per year.
Buying an apartment from a developer in London in a new home means getting a quality guarantee from the National Housing Commission. You can use a mortgage, the size of which for non-residents can be up to 70% of the cost.
The minimum price per square meter of an apartment in a new home of London from a developer, handed over in a turnkey condition (according to the information of the GEOLN.COM search engine) is 1,200$.
Purchase of an apartment in a new home for sale by foreign citizens
There are no restrictions on the purchase of real estate for non-residents in the UK. Foreigners can freely purchase apartments in London from a developer.
- Big Ben;
- Tower and Tower Bridge;
- Trafalgar Square;
- Ferris wheel London Eye;
- Westminster Palace;
- Buckingham Palace;
- Kensington Palace;
- The house of Charles Dickens;
- Westminster Abbey;
- St Paul's Cathedral;
- The British museum;
- The National Gallery;
- British gallery Tate;
- Hyde Park;
- museums of: science, Madame Tussauds, Sherlock Holmes, childhood, natural history;
- Theater Royal Drury Lane, Covent Garden;
- The Globe Theatre;
- Albert Hall;
- Wembley Stadium.
Purchasing an apartment in a new development in London is an investment in perhaps the most business oriented city, dictating its will to the world of business and politics for centuries. Living here means gaining a special high status for yourself and all the advantages of working in such a symbolic place and the city that is bound to be successful.