Lack of elite real estate is registered in London

According to RBK-Nedvizhimost the lack of new elite project is registered in the core of London. Analysts report that as of today there are not more that 10 new projects under construction. The major are the following: One Hyde Park in Knightsbridge area and several objects in Chelsea and Fulham areas.

Experts add that considerable part of premium-class realty objects is at the initial stage of constructing. Chesterton Company analysts collaborate that the average price for elite real estate in the core of London makes up 18-20 thousand rubles for a square meter.

Experts explain the shortage of new projects by the lack of vacant spaces for constructing in the core of London. Mainly, the restoration works are carried in the centre of London.

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