The cost of luxury
Language: English Series: Property Week ; 72(48) 30 November 2007, 60(1)Publication details: 2007Subject(s): Summary: Considers the perceived recent emergence of a prime London property market. Argues that the market has always existed and has recently grown stronger owing to an increase in land values. Land scarcity is also driving the conversion market. Predicts a decline in the sales growth of the prime market as high construction costs are less significantly offset by land values.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L141645 (Browse shelf(Opens below)) | 1 | Available | 141645-1001 |
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Considers the perceived recent emergence of a prime London property market. Argues that the market has always existed and has recently grown stronger owing to an increase in land values. Land scarcity is also driving the conversion market. Predicts a decline in the sales growth of the prime market as high construction costs are less significantly offset by land values.