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Many newcomers to the Millionaire’s Club have a ‘house in London’ as the first item on their wish list. This is because owning a house in one of the elite localities of London is one of the signs that show the world that you have arrived. It is not unusual to find moneybags from all over the world looking for houses for sale in London. Once that has been accomplished they start looking for commercial property for sale London as this also establishes them as having business interests in London and raises their status in the business world. London has a long history and has been built over several centuries. It is not surprising to see old houses and mansions in different parts of London which are two or three hundred years old and are still livable. Old houses that have been inherited and passed on from generation to generation which now have no new occupants because the heirs have moved out or left the country or just want to sell their house. The value of houses for sale in London depend upon the size of the property, its age and how well it has been maintained, its location and its surroundings and also how convenient it is live there. Thus from very high value houses in central London, the value of the property falls as one goes farther from the central district. Other factors are also very important considerations in determining the value of the property. New construction and development has good value and houses for sale in London that have been recently built and developed fetch a good price even if they are away from the central district as long as the neighborhood is good and other factors as mentioned above are positive. Value of commercial property for sale in London was affected adversely when the UK suffered from a slowing down of the economy. There was stagnation or even a negative growth for a couple of years. The rising prices of commercial property for sale in London is an indication that the downturn has been reversed and economy has started picking up. Commercial property is also better valued because there has been more development in the commercial infrastructure than there has been in the residential market. Newer, swankier commercial property is being developed in new malls and markets and is fetching a good price even in the suburbs of Greater London. No wonder commercial property for sale in London attracts investors from all over the world. Cornerstoner is the author of this website: To know more about houses for sales in london and commercial property for sale london kindly visit cornerstonerealty.co.uk
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