London is one of the most expensive real estate markets in the world

With the influx of funds from the wealthy Gulf and the Europeans and Russians and the Chinese, London became one of the most expensive real estate markets in the world.

This raises concerns before parliamentary elections in 2015 that the people of the British capital may not find a house for themselves.

The real estate market has been recorded in London, a record new high with the sale of an apartment is furnished versus 140 million pounds (237 million dollars). Bought a citizen of Eastern Europe in the compound "Wen Hyde Park" luxury residential.

The previous record price for an apartment in Britain record three years ago when payment Ukrainian billionaire Rinat Okhimtov 136 million pounds to buy the "penthouse" apartment at One Hyde Park for housing them together.

The value of sales is now more than two billion dollars in the compound, which is based on the development of a joint venture between CBC Group Inc. Otrnayats.

According to data from a real estate agent, the home prices in central London climbed by 79.4% since March / March 2009, compared with an increase of 40.6% in housing prices in the Greater London area in the same period.

 

Gulf Investment
In the last month, according to a report that the demand by the Gulf real estate companies to invest in European countries and African and Asian countries, especially Britain, Turkey and Egypt, has increased in recent years.

The Real Estate Investors and experts during their participation in the exhibition, the real estate "Cityscape in Abu Dhabi," The Gulf investments in Britain has seen an increase of 33% over the past year.

He pointed out that these demand due to the facilities offered by the European countries and some Arab states of the Gulf real estate investor, in addition to achieving real estate projects European countries - especially Britain - to an increase in net profit of up to 6% after tax collection, which is considered a good investment.

He was general manager of the investment group in the body of British trade and investment Michael Boyd also announced last month that the British government intends to apply the new plans to attract Gulf investors, including reducing the corporate tax to 20% by next year, and provide loans compliant with Islamic law, and the introduction of "Visa entrepreneurs , "making it easier for Gulf businessmen implementation of major projects in Britain.

http://www.aljazeera.net/ebusiness/pages/6a7cdd3e-d423-4856-a2b3-6227b4776202