Real Estate Market UK: Development of prices in London
Seminar paper from the year 2006 in the subject Business economics - General, grade: 79%, European Business School - International University Schloß Reichartshausen Oestrich-Winkel (Department of Real Estate), 20 entries in the bibliography, language: English, abstract: Rental growth in London is rising at the fastest pace in 18 years. First-quarter sales grew 41% this year. As a result of this tremendous real estate sales increase, there is an eminent shortage of real estate, which leads to price explosions in this sector. Only in October 2006 the prices climbed about 2.1% which is a 12-month-increase of about 25%. Renting a six square metre apartment in Notting Hill costs about 800 Euros per month. Agents advertise with slogans like “tiny, but trendy” and say that these apart-ments would be “ideal for someone with an active social life outside”. A property which cost £ 100,000 about 30 years ago would today cost about £ 3.473 million, which translates into a total growth rate of 3,473%. The goal of this working paper is to figure out why there is still such a high demand for real estate in London, even it is one of the most expensive cities in the world. Further-more this working paper wants to show external aspects which drive the prices, and opportunities and threats which come along with this price boom.
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1.1 Problem Definition 2.1 London's economic 2.2 Economy 2.3 Demography 2.4 Olympia 2.5 Economic Growth 3.1 Investing 3.2 Real Estate 3sat.de annual salaries Bank AG Hrsg Benjamin Schmitt Bloomberg.com Hrsg bonus levels boost Capital of Britannia Comdirect Bank demand for real DTZ Residential East London Economist.com 2003 estate in London Estate Market UK Esterhazy Euro European financing Frankfurter Allgemeine Zeitung GDP growth Growth in London high demand high immigration rate Immobilien index cities invest into real Investing in London's investors Jones Lang LaSalle KNOWLEDGE HAS VALUE London and UK London is forecast London real estate London-Travel.de London.gov.uk London's economic growth London's real London's Real Estate Magazin der Comdirect Olympic Games opportunities and threats positive migration rate price increases prices in London Quartal real estate bubble Real Estate Market real estate prices Real House Prices significantly higher demand Tokyo UK GDP Vermietungszyklus Wikipedia.de Woodifield 2006 World Services Group www.GRIN.com