CASE STUDY: LONDON LOCATIONS ESTATE

Case Study: London Locations Estate

Case Study: London Locations Estate

Introduction

Acquisition of real estate in London - it is primarily prestige. Today, buyers of expensive apartments, houses and townhouses in the UK capital in addition to the purchase of real estate, and some virtual membership in the prestigious international club of millionaires. However, admission to this club starts with a sum of six zeros and is not measured in dollars and in pounds sterling. However, there is a budget option - to buy real estate in the suburbs of London. This is not only cheaper, but also brings more investment income (Coleman, 2008, pp. 45-69).

According to recent statistics, 63% of homes worth more than 8 million pounds sold recently in the British capital have been to foreign customers. The market for luxury real estate in London is increasingly internationalized. The reasons for this popularity are clear: Many 5 star hotels and Michelin-starred restaurants, cultural life, good security, quality shopping, excellent school system, political stability, ease of geographical access, including dynamic professional with the highest financial center of Europe. In general, over the past 30 years, the cost of apartments and homes in the most prestigious areas of London has increased almost sevenfold.

This paper will assist the CEO of London Locations Estate Agents' (LLE); I will present the report to the Board that will be used to inform the strategic future plans of the company. In particular the Board is interested business potential of advertising properties directly to European clients. Property market is the study of the markets for land and structures, including residential housing, commercial office space, and industrial warehouses. Although much theory has existed for decades regarding real estate markets, questions are being answered today regarding mortgage finance innovation, the rise of suburban business and residential centers, and the effects of regional laws (Calabresi and Melamed, 2002, pp. 1089-1128). The housing boom and bust of the first decade of the twenty-first century has meant that households, businesses, and governments have become more interested than ever in real estate and its effect on various aspects of the economy. In this chapter, the theory of real estate markets is first presented, including the relevance of real estate rental price, the heterogeneous nature of real estate, the importance of location, and the interaction with the macro economy. Next, various contemporary applications of real estate economics are discussed, followed by a description of government policy intervention in the real estate market. Finally, the housing boom and bust is presented along with areas for future research.

Discussion

The cosmopolitan Britain is ready to offer for its new residents and real estate for completely different prices. According to Philip, a very good apartments and townhouses in the suburbs of London's famous, are within an hour's drive from the city center (the same as Oxford, Cambridge, Greenwich, Wimbledon) actually buy at the prices in the region of 250000-350000 pounds. Moreover, these areas account for sales and major: at the present day, they are optimal in terms ...