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Domestic real estate represented the largest non-financial asset in the UK, with a net worth of £5.1trillion (2014). [3] Foreign investment plays a substantial role in the UK's real estate market, particularly in London, and foreign companies and individuals invested around £20billion in UK real estate in 2012. [4] [needs update]
The term is commonly used in the UK. [1] It is an example of a vacancy chain. Each member of the chain is a house sale, which depends both upon the buyers receiving the money from selling their houses and on the sellers successfully buying the houses that they intend to move into.
Escape to the Country is a British daytime television property-buying/real estate programme that has been on the air since 14 October 2002. The show was originally produced by Talkback Thames and first aired on BBC One, with repeats on BBC Two. It has gained international syndication.
For more expert real estate advice: 5 Places in Italy Where You Can Buy a Home for $1. In These 10 Areas, Home Prices Are Doubling. The Best Time to Sell Your House for Maximum Profit
The consequence of this is seen in the high price for top-end dwellings. The most expensive home ever sold in the UK was 2–8a Rutland Gate, Hyde Park, which sold for £280 million in 2015. [62] The most expensive street in the UK is Kensington Palace Gardens, London, where the average price of a home is approximately £42 million. [63]
Front windows of a small estate agency in Mons, Belgium. A house for sale in London. An estate agent is a person or business in the United Kingdom that arranges the selling, renting, or managing of properties and other buildings.