Price of Bloomsbury Properties For Sale To Rise
There has been a recent announcement of a new university opening in Bloomsbury, London, in 2012 and because of this, Central London estate agents, LDG, are predicting a rise in demand upon the property market in the surrounding area. Primarily a tranquil residential area, Bloomsbury is known for a spacious feel. However, its central location in the borough of Camden also makes it ideal for indulging in London’s cosmopolitan flair and is in easy walking distance of Soho, Covent Garden, Fitzrovia and many London attractions., making it a great place for a university.
The New College of the Humanities, the new, high profile university looks set to rival Oxford and Cambridge will charge £18,000 each year in fees. This could well result in many affluent students becoming interested in investing in Bloomsbury properties for sale.
LDG partner, Ben Everest, has said of the location,
“As Bloomsbury is already home to existing university, UCL (University College London), there is a strong student community within the local area. The majority of students that attend the university are from rather affluent families who fund their child’s accommodation whilst they are studying. As this new university is promoting itself as a ‘new model for higher education in the UK’, we would imagine a similar ilk of students to be attracted to Bloomsbury properties for sale.
Since Flats for sale in Bloomsbury are already under such demand, Central London estate agents are in great need of quality flats for sale in the local area. Therefore, if there were to be another influx of students to Bloomsbury, there would most likely be a sharp rise in the demand for property, resulting in a price jump. This may even cause bidding wars over the most sought after properties. For instance, flats for sale in Bloomsbury Terrace are already extremely popular with overseas students.
About the Author
Javier Carillo of central London estate agents LDG has specialist knowledge about flats for sale in Bloomsbury. As a company LDG, expertly seeks out the best Bloomsbury property for sale that are currently on the market in order to make sure that you get exactly what you are looking for. Javier brings you all the latest information on the property letting and sales market to h
Author (conan).
Submitted on Tue, 19 Jul 2011 Time: 4:58 PM
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