One important cause of behavior and the real estate market is the collapse of the stock market. Following this event it has not yet been little troubles. For example, went bankrupt a few very old and successful (in the past), the London banks. Many of them were known far beyond the British capital and the whole of England. In addition, the city has grown very strongly, unemployment. In general, the entire economy of England, and, of course, London, collapsed in 2008. Because of this turn of events in the city, in the real estate market in London is time to slow down. People are not rushing to buy housing or commercial real estate. In general, demand has declined markedly, and in some areas and is gone. Such turn of events in the real estate market in London was not already at least twenty-five years. This was said by experts, carefully examine the state of London's real estate market. The most detrimental effect of the financial crisis has brought a segment cost of housing and housing business level. Particularly difficult to have to order real estate purchasers, who themselves were engaged (employed) in the field of finance and business. Since they were left without work, shelter, even economy class has proven they can not afford. In the unfortunate situation were those who bought apartments in good credit. After many had no fixed place of work, pay the loan became unrealistic case. They have to sell the home at a price that is less than the purchase cost in three to four times. This implies reducing the cost and the London home today. The least affected sector is reducing the cost of expensive high-end housing. This was in London include the mansions and villas costing ten million pounds and above. Such properties, although cheaper, but a slight decline in prices. Although the fact that in London many elite houses and apartments are sold with a variety of discounts, many are forced to think. The reasons for this situation of education in the real estate market in London few. The first reason is that many sellers are in a critical financial situation. They have nowhere to go but to sell the property, and sell very urgently. And to sell the home quickly, it is necessary to reduce the cost and reduce very much. The second reason for declining prices is that many find themselves in a situation where they handed over housing for rent and lease term began to wane. This means that to sell a home now for the same price as before, is impossible. In fact, when the housing lease, as it would be expensive - because the owner is not only owned the property, but received it with a good income. According to the well-known analysis of Knight Frank, most of all cheaper housing, the cost of which was about a million pounds, or slightly higher. Incidents of this segment has lost in value of about twenty-two per cent. At the same time, the housing cost of three million pounds and above, fell in price by ten per cent (and in some areas and less). Of course, in London as in Moscow, has its own elite areas. An example might be Belgraviya, Naytsbridzh or Meyfer. These areas are considered the most attractive and expensive. Demand for real estate here has always exceeded supply. But now even this can be found on affordable housing.

Here is one of examples. On the border areas Belgraviya and Chelsea in 2008 was put up for sale the house. The house is not big, just a twenty square meters. Yet it is a good property with three bedrooms, its own patio and small garden. In general, the housing is fully suitable for the excellent accommodation in one of the most famous capitals of the world. Besides, he was in good roads area. In the second half of last year for the House asked two million pounds sterling. This is not a lot of housing for a similar level. But the most interesting thing is that at the beginning of this year, the price of the house has fallen almost by half and made one million two hundred thousand pounds sterling. Today the house is worth about a million. That is, one can observe the drop in the price of fifty percent. According to the well-known British company BILLIONARIO, today the cost of a large apartment (an area of more than two hundred square meters), located in the vicinity of Hyde Park, leaving less than two million pounds sterling. Before the crisis, the value of such real estate in the area left about two and a half (or even three) million pounds. In addition, there is a lot of attractive advertisements for the sale of apartments in the areas of Bayswater, West Hampstead, Angel, Holborn, and other areas near universities. There is the opportunity to acquire a good two-room apartment at a cost of about three hundred thousand pounds sterling. One room in the same area can be obtained with a sum in the eighty thousand pounds sterling. Besides all this, the real estate market in London is now observed another interesting phenomenon. Today, the sale can be seen in housing, which had never appeared on the market. Examples of such sites can serve various historical buildings, mansions known British families aristocrats. Many of them are now available in a free market. Talking here about reducing the price can not be as unknown as they were worth before. And, it should be noted that such facilities enjoy great demand among buyers. We need to say more about one point. Consumer demand is increasing not only because the average drop in house prices in London amounted to about twenty percent. The crucial point is that the recent rate of pound sterling has fallen in relation to the euro at the rate of thirty percent (and the twenty per cent against the dollar).

Due to this, all customers who kept money in Euro or U.S. «received» drop in the cost of housing in London in the amount of forty-five per cent. Announce a very good discount for accommodation, which is considered one of the most prestigious in the world. Another point. Now, regarding the announcement of the sale of real estate in London, you can not find attractive prices. That's because buyers are unwilling to give up at once with its own on the ridiculous prices. But do not worry, as soon as you start to discuss the matter with the seller the purchase of a particular object, all will be in their seats. It sure would make you a discount, but only if he really believes in what you present buyer, and not just interested.

That is, you should provide him with proof that have the desired amount of money. Typically, the seller, saw a serious potential buyer, do not miss the chance to sell the home and give you a great discount. The majority of transactions at a discount of twenty or thirty percent. Whew! Most buyers of luxury accommodation in London - it is the foreigners. From such ninety per cent of the total number of buyers. In 2008, the number of purchases of housing in the areas of elite citizens of other countries amounted to ninety-two percent! The majority of buyers - it is the Americans and residents of the Middle East. But strive for the London real estate and our citizens. Many of them have become housing for business in London, others for their children who come to study in the best British universities, others simply as a fallback option and profitable investment. So, real estate London desheveet. But still can not say that now is the best time to buy housing in order to get quick money. The point is that this year's London real estate market still is not likely to «go» to the influence of the crisis.

Therefore, in 2009 could be repeated scenario last year and the housing may be cheaper even more. If you want to buy housing for their own residence, then select the object you want today. All because a choice of suitable housing can not take a month. Interestingly, many experts predict a further drop in prices at thirty percent. If this happens, then in London, you can purchase a small apartment for the price of thirty thousand pounds sterling. This will be present to record the real estate market «world» capital. Also, experts recommend very strongly to the development of the real estate market in London, so buyers who are interested in the elite housing. In fact, though expensive housing desheveet slower all the other sites, get up, it starts much faster smaller cheaper apartments. In general, you decide. Good investment to you!