London has proven itself time and again to be one of the most popular destinations for luxury real estate investment – and it’s not difficult to see why. Between steadily rising property prices and a market featuring some of the most extravagant homes available, all encompassed in one of the most popular cities in the world, London has positioned itself as a prime location for investors looking to purchase their dream home – or add to their existing high-end property portfolio.
Here, we explore just why London is such a great place for luxury real estate investment.
As a property investor, one of the most important figures to bear in mind when investing in luxury property is what the potential return on investment (ROI) will be.
One of the great things about the property market across the UK in general is that prices have been rising steadily in recent years. Even against the difficult backdrop of Covid-19, UK house prices rose at their highest annual rate (7.5%) in more than four years back in October 2020. Looking specifically at luxury property in London, a total of £1.16 billion was spent between January and August last year, highlighting an increase in demand as well.
These figures, combined with the fact that London was also voted the second-best city for property investment in 2020, reveal why more and more property investors are turning to London to ensure a positive ROI on their investments.
Due to being the big city that it is, it can be easy to think of London as entirely metropolitan in nature, meaning it’s only suitable for those who enjoy the hustle and bustle of busy city life. While London is a thriving city, the capital is also home to plenty of beautiful outdoor spaces that allow you to achieve the perfect balance of city life and the great outdoors.
After a busy day in the city, sometimes all you need is a relaxing cycle through Hyde Park, or a walk through one of the many green spaces Notting Hill has become so well known for. Of course, one of the other many benefits of owning property in London is that many are available with their own outdoor spaces, allowing you to enjoy a slice of nature right on your very own doorstep. Combine this with your very own infinity pool or summer house, and you’ll have a beautiful outdoor space to enjoy whenever you desire.
Regardless of how long you’ve been involved with luxury real estate, you’ll likely want a helping hand to ensure your property of choice is perfect in every way possible. Fortunately, London is home to many of the top high-end property developers and designers in the industry, all able to help you design and tweak every aspect of your home to your liking.
From period refurbishments that retain a sense of history to stunning open plan living with roof gardens, you don’t have to look far to see just what makes extravagent homes in London that little bit extra special. Many homes are also owners of prestigious awards and records, with our very own Dunraven Street currently holding the record for the highest £sq ft achieved for a basement/1st floor flat in Mayfair.
If all of this wasn’t enough, luxury property in London benefits from being situated in the best city in the world. Don’t just take our word for it though – London was awarded the best city in the world award by Best Cities again in 2020, taking the top spot for the sixth year in a row.
With its vast range of attractions for locals and tourists alike, exciting job opportunities and excellent transport links to name but a few, it’s not difficult to see why London continues to outshine the competition.
Between being home to some of the best luxury home developers, large open spaces, an excellent ROI, as well as being voted best city in the world for the sixth year running, it’s no surprise that more and more investors are looking to London when deciding to invest in property.
For more information on investing in luxury homes in London, view our current properties for sale, or take a look at some of our favourite recently completed projects. Alternatively, contact us today to discuss your needs.