The UK has been riding the wave of a property boom for the last decade or so, and boasts some of the most expensive property in the world.
London has been experiencing a massive property boom over the last few decades.
Increased investment from abroad, notably Russian and Chinese investors, has driven many of the property prices sky high.In addition, London (and to a wider extent the UK) is at a cultural and financial epicentre.
From the traditional charm of the Cotswolds to rural Sussex to Devon and Cornwall, records are being smashed all the time for property prices.Another reason the UK is experiencing a property boom is the availability of housing stock.
This brought vast swathes of wealth into the country from all four corners of the globe.
Much of this wealth was spent on vast houses and country estates, as well as grandiose urban developments – much of which is still in an excellent degree of preservation.The chance to live the life of a Victorian country squire or an urban captain of industry is enough to get people writing cheques for silly amounts.As you can see, there are many reasons why property sells for astronomical figures in the UK.