When home prices in the heart of the British capital are falling, the main thing - to stay afloat. Little Venice makes it is possible.
Little Venice in London can be easily confused with Amsterdam or Bruges - the same boats, moored along the picturesque canals and bright colors in the lining of houseboats. It owes its poetic name Lord Byron, who lived in this area of the capital.
While the owner in the center of London note the fall in prices by an average of 4.6%, the cost per square foot in Little Venice grew by 9.9% compared to last year. A serious impact on the housing market "on the ground" was made by new duty on sale of houses pricing more than 2 million pounds.
District Little Venice is the most popular among foreign buyers - particularly from Saudi Arabia, China and the Far East. The area is also popular among North Americans living in London.
According to the materials of wsj.com
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