A luxury home agent in London has tipped the UK as the first country in the Western world to see a surge in luxury home textsiles.
The UK is the first market in Europe to see an increase in the number of luxury hometextiles in recent years, according to a report from luxury house agent Lucian Wainwright.
Wainwright says a surge of new luxury homebuyers is leading to demand for new luxury homes in the UK.
“We have seen a boom in the past couple of years and this is probably the biggest opportunity in the entire country for people to have a home with their own suite of luxury textiles,” he said.
The number is a major factor behind the rise in textiles in the luxury home market. “
It is probably a sign that we are at the point where people are willing to pay a little bit more.”
The number is a major factor behind the rise in textiles in the luxury home market.
The average price of a new luxury house in the city increased by more than 20 per cent last year to £5 million, according the report.
It is expected to continue rising, but is still dwarfed by the demand from other cities in Europe and the US.
The demand for textiles is partly due to the growing popularity of the luxury house.
The new luxury houses are becoming more fashionable and offer an easy and affordable way to invest in a property.
“They are so much more attractive than a traditional, two-bedroom home,” Wainnington said.
“You can walk into a house that is £300,000 and walk into the kitchen and there is a whole other world of options.”
He believes that will only continue to increase.
“The trend is going to be the same as the trend of the last couple of decades, a lot of people are looking for the cheapest option and that is going for a luxury home.”
The new luxury textile craze is being driven by an increasing number of millennials who are keen to get their hands on the best homes in town.
Wainsworth says he has been hearing that demand for luxury textiled homes has also increased as a result of the growing global economy.
“There is a lot more money coming into the country and more money is coming in through overseas, especially from China and other emerging markets, which means that demand is going up,” he added.
The luxury house agents report, from LucianWainowski, is the latest in a string of research studies to highlight the growing demand for high-end textiles.
The study from Lucan Wainowski found that luxury textils are being exported from countries around the world.
In the United States, there is currently a spike in the demand for the high-priced textiles imported from China.
“There are people who want to be able to buy the textiles because they are expensive, they are high quality and the price is a little higher,” said Wainowsky.
In China, demand for textsiles is high, as is demand for cars and furniture, which is a trend which will continue to grow.
“These trends are not going away,” he told ABC News.
Wannowski said the demand was partly driven by the fact that the luxury houses he sells in London are often among the most expensive in the country.
“I can see the prices of a home in London rising by £100,000,” he explained.
“But what I can see is that the number one house that people are interested in is £250,000, so I would expect demand to continue to rise.”
“It is a market that has always been there and will always be there and is going through a period of change,” he concluded.