Hampstead Housing Unaffected by the Recession

It was pointed out, rather interestingly, by the Ham&High this week, that house prices in Hampstead have increased despite the recession.

    The top ten most expensive areas in England have all fallen in price across the area's average, except for Hampstead. The average house price in Hampstead has increased by 0.5%.

    According to the Ham&High, one of the main reasons is that Russian oligarchs (powerful Russian business-men) find the houses similar to those that they are used to having as their second homes in Russia. Hampstead is cheaper than more central areas, and buyers can find themselves paying less than areas such as Kensington, but still find themselves with more land for their money.

    And even those of us who own housing in Hampstead that doesn't quite hit the millions of pounds will still be pleased as these price increases haven't just affected the expensive properties. Though, by most people's standards, most properties in Hampstead come under the description of 'expensive' properties.