houses expensive

December 19, 2007 10:30am CST
evry buildings , houses , flats very expensive do you know why do you know which places are the most expensive it is in london why? i want to tell you about that becaus rich men must to buy abig hous there why? i do not know may be becaus it is very nice what about price? it is flactuates between 5000$ to 1.5million $ waw it is very expensive exactly what is your opinion
1 response
@ssh123 (31073)
• India
19 Dec 07
Real estate sector has become highly paying industry in terms of invement return. Places like London and other international city welcomes foreign investors to buy flats, big bunglows, or houses and as a result price keep increasing. Also there is what is known as normal increase in the population, influx of population all add fuel to the fire. In Bangalore, the price of flats, individual house or land have registered 300% increaswe in the last 2 years. People who have invested couple of years ago, have reaped huge profits and because of this trend, the limited land gets too much demand and as a result price keep increasing. Stringly speaking at too high prices not many people buy, but the new benchmark is established. in all costmopolitcal cities of the world, the land pricess keep increasing, say almost doubles in 2 or 3 years and in Bangalore city it is doubling every year. People who enjoyed single floor house, now plan for vertical growth so encash the everincreasing demand.