| I recently did an article on the phenomenal rate at | | | | London property which is owned by steel tycoon, |
| which the London property market is growing. It seems | | | | Lakshmi Mittal. The 12 bedroom property situated in |
| this latest trend of growth just continues to gain more | | | | Kensington Palace Gardens is rumoured to be worth |
| and more momentum as the months pass by and | | | | more than £100 million. |
| London properties for sale are now on average more | | | | The current rate at which the property market is |
| expensive than properties in Monte Carlo, making | | | | growing is the fastest in 30 years. Estate Agent |
| prime property the most expensive of its kind in the | | | | Clapham North has been part of the research which |
| world! | | | | has revealed that people who live in prime areas such |
| The study carried out by a London estate agent has | | | | as Chelsea, Kensington, Knightsbridge and Hampstead |
| revealed that a London property that costs around the | | | | are currently earning more than £4000 per day on |
| £5 million mark is currently being sold at a rate of | | | | their London properties. |
| about £4000 per square foot of property. This is | | | | The current growth in the London property market is |
| significantly more than Monaco which is second on the | | | | expected to stabilize in the middle parts of the year |
| list and selling property at an average of £2190 per | | | | and then regaining pace again towards the end of the |
| square foot of property. To give you an idea of how | | | | year. This is all good and well for the London market, |
| expensive this is, picture a normal sized walk-in closet | | | | however there are still serious concerns about the rest |
| in central London. At a price tag of £4000 per | | | | of the country's property as there is not much growth |
| square foot of property, you could by a 3 bedroom | | | | showing in other parts of England. The average price |
| house in the North of England for the same price as a | | | | for a property for sale in London is about £350,000 |
| walk in closet in central London. | | | | whereas the average price of property in the North |
| A house in Belgravia was recently sold for a | | | | East is less than half of that at £129,000. Let's hope |
| phenomenal London property sale of £30 million. If | | | | the London property industry is able to carry the |
| that sounds like a lot, it's still nothing in comparison to a | | | | weight of the entire country! |