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MercoPress, en Español

Montevideo, December 23rd 2024 - 09:10 UTC

Tag: London Real State

  • Monday, January 19th 2015 - 07:25 UTC

    Value of London's real estate is worth as much as Brazil's annual GDP

    London's economy has rebounded strongly since the financial crash and that has been reflected in soaring house prices: they're up 61% in the last five years

    The real estate boom has added 1.5 trillion dollars to the value of British homes over the past five years and left London residential property worth as much as Brazil's economy. Research by estate agents Savills shows U.K. houses and apartments were worth £5.75 trillion (8.7 trillion) in 2014, an increase of almost one trillion pounds since 2009.