London's premium property footprint expands by a kilometer every eight years.

Since 2000, according to CBRE Residential Research, the £1 000 per sq ft price range believed to be when New London residence is entering prime territory has expanded at a rhythm of around 1 km each 8 years from its historic centre in Hyde Park. freelancer

However, this symbolic importance was not equally spread throughout London due to land limitations and the fabric of particular towns. The biggest expansion eastwards towards the city and the Southbank has been Bloomsbury and Aldwych joining St John's wood as new epicenters of value.

At present, the price point of the £1,000 a square foot is only found in Southbank south of the river Thames, but CBRE feels that locations such as Nine Elms and Battersea, as well as Wapping and Whitechapel will soon reach this crucial level.

"The only districts that achieved £1,000 a sq ft in the last decade were those in the immediate southeast and east of Hyde Park, home to the renowned Knightsbridge, Mayfair and Belgravia monopoly boards," says Jennet Siebrits, Head of Residential Research at CBRE, World Property Channel. These locations reach up to £3,000 per sq ft, and in some cases twice that, and the prices of £1,000 per sq ft have expanded to new places. Most of the new houses now sell over £1,000 per square foot in central London, but the development does not follow a conventional pattern. For instance, it surpassed the city center corridor, with prices in Soho three years behind those in adjacent districts. Although Whitechapel is closer to the present border, the wave remains disassembled in the future with locations like Wapping attending the party earlier than Whitechapel because of its beautiful waterfront and superior infrastructure."

Park Wood Place London Apartments are sold out by 30%.

(Banstead, Great Britain) — Park Wood Place is just a few weeks into its sales period a famous addition to Banstead's most sought-after town. For example, 24 two-bedroom units at Shanly Homes have already sold out.

"The magnificent new complex, which radiates elegance and sophistication, has already attracted much attention," says Jo McDonagh, Shanly Homes sales manager. "Potential buyers can move fast to avert disappointment with one third of properties already sold."

"Park Wood Place, ideally situated outside London, is perfect for a variety of purchasers, ranging from commuters, downsizers, buyers and professional couples." Given the degree of demand to date, I trust that they are going to sell fast."

The façade of the buildings is decorated in hot red brick and beautiful detail around windows and doors while the exquisitely high ceilings and big windows give the inside a light, airy sensation and a feeling of grandeur. The inside is equipped with a light-filled open plan kitchen and living space, two large bedrooms, a main bathroom, and an en-suite steam room for the main bedroom. According to Shanly Homes, these apartments are absolutely splendid in a high-end management house, with a finish and quality.

Park Wood Place is ideally positioned on the busy high street of Banstead, close to over 100 shops, pubs and restaurants.

Despite being close to downtown London, Banstead is surrounded by nature, including the Millennium Trail and Nonsuch Park, which includes the remnants of the famous 'last palace' of Henry VIII. The outstanding array of golf courses from Banstead will also appeal to passionate golfers. They include Banstead Downs Golf Club, Cuddington Golf Club, and the renowned South East Golf and Country Club Kingswood.

The A23 and A24 are both easily accessibles and provide quick access to London, Heathrow and Gatwick, while Banstead Park Wood Place is just 1,5 km from Banstead Station.

Prices start at £240,000.

Shanly Homes is a well-known property development company with more than 40 years of expertise. Shanly Homes specializes in Thames Valley, Greater London, Berkshire, Buckinghamshire, Surrey, Essex, Middlesex, Oxfordshires, Hertfordshire, Hampshire and Kent on small to medium-sized projects.