Luxury London property overview supplied by Omar Butt of Henry Sterling, a leading property search and acquisition consultancy based out of Mayfair London.
The International Elite’s romance with London continues to flourish. Russian oligarchs, Middle Eastern Sheikhs and the international business and political elites have been keenly investing in the London property market. London offers too many positives; it has political and economic stability in comparison to other parts of the world and is an ideal place to park your capital. London Property has been a stable asset and has been resilient at the height of the economic crisis. London as a city has plenty to offer its part time residents as well. It has its fair share of Designer shops, casinos, high-end bars, 5 star hotels, fabulous restaurants, and plenty of recreation for the family. London has it all. And although we may not realize it, London is a relatively safe place where the rich and famous can move around freely.
Resulting from the Super Elites affair with London, we have seen plenty of Luxury developments spring up. Recently the most iconic is One Hyde Park. This spectacular development has state of the art facilities, which comprises of squash courts, a 21 meter stainless steel swimming pool, a luxurious gym, a cinema with recliner seats, meeting rooms and even an events room. This amazing facility has watertight security for its VIP inhabitants from scanning of mails to bulletproof glass or the British Special Services trained guards. Prices start at £6.5 million for a one bedroom and price per square foot is above £6,000/. The penthouse alone sold for a staggering £135 million. The identity of the owners is kept top secret.
Other luxury homes for the super rich include an 8-bedroom house in Hampstead that is priced at £49 million. This luxury home includes an indoor pool, an in-house cinema and 5 reception rooms. It even boasts a separate library and PA room. Or there is the 5-bed home next to Regents Park on the market for £45 million that offers a roof garden and an outdoor Jacuzzi and views of London Eye and the Shard. If that’s not to your taste why not take one step up to a £65 million house again in Hampstead that has 14 bedrooms and has a tennis court.
We all complain about how international buyers have made homes unaffordable for us, which to some extent may be true, however I don’t think that these luxury developments are made for us. These developments would be ghost towns without international interest. After all they are only for the Super Rich.
Article by Omar Butt
Director Henry Sterling – www.henrysterling.co.uk
Henry Sterling takes pride in providing a discrete, personal and bespoke service to private individuals, international investors and corporate clients who seek professional assistance with their property search.