Luxurious residential developments in London are booming, with flats and houses worth a total of 38 000 000 000 pound sterling planned for the next few years, according to a report published today.
Analysis by property consultants EC Harris shows there was a 70% increase in the amount of space earmarked for top-end developments in London in the last year.
Mark Farmer, head of residential at built asset consultancy EC Harris said that London prime residential continues to act as a magnet for global investment, and offers clear opportunities for properly organized and funded developers and investors to generate healthy returns.
Source: http://www.standard.co.uk/news/london/superrich-from-overseas-flock-to-buy-homes-in-london-8102381.html