Are you thinking of investing in UK property? Well you may want to take a look at Chester Square in London’s Belgravia. This is the second year in-a-row that it has topped the list of the ‘most expensive UK streets to buy a home on’.
Chester Square
In the past 12 months, as prices have been up and down like a yo-yo, Chester Square prices have rocketed by £400,000 to an average of £6.6 million. Many notable residents including the former Prime Minister Margaret Thatcher and Chelsea Football Club owner, Roman Abramovich have houses here. If you want a discount property investment, then this street may not be ideal for you!
Discount property
The price of houses in the UK has been unstable over the past 18 months and this has attracted overseas buyers into the market. The weakening of the pound in the past three years, which has seen a drop of around 25%, is the main allure of the British housing market and it is an excellent call for overseas buyers to start investing in UK property; with the exception of property in Chester Square.
Wales anyone?
Recent house sales in Chester Square have seen houses go for more than £7m and the estate agents, Savills, currently has a six-bedroom home on its books for £15.8m. For discount property investment, but still on the richest street in their area, you may want to take your money over the Severn Bridge and into Wales. They were holding up the list of the top 10 streets to live in within the UK with an average price of a mere £676,320 per home.
Chester Square may be the most expensive street to buy but discount property investment opportunities are still available in the UK and London.You may not be in the market for a multi-million pound home b