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London House prices set to increase by 5% in 2016

According to research (RICS), London house prices are set to rise by 5% throughout 2016. RICS have blamed the increase on a lack of supply in the lower end of the market, which is where most of the demand remains.

New government schemes have been launched, and Cameron has placed a large emphasis on the introduction of the Help to Buy ISA (increasing the Help to Buy equity loan from 20% to 40%). However, RICS still predicts that demand will outstrip supply, causing the prices of residential properties to shift upwards.

Despite this, Inspired remains focused on helping young working professionals to get onto the London property ladder. Thanks for efficiently designed developments, a buyer can now own their own stylish London apartment for just £240,950.

For example, Green Dragon House is already winning awards for innovation and is designed to raise the bar on our definition of ‘brilliant living’. In addition to high-spec, high-tech apartments, residents will have privileged access to a 10th floor ‘sky garden’ and BBQ. The lobby will include postal boxes, dry cleaning collection and delivery storage. See more here.

We also have Sutton Court. This development is made up of 82 one and two bedroom apartments, each ingeniously designed around open plan interiors, the latest efficiencies in heating, the UK’s fastest hyperoptic broadband, hardwood flooring and granite worktops. The result is brilliant, affordable living, now available off-plan, with purchases anticipated this development is due to be completed late last quarter of 2016. – Find out more about this development here.

 

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