The 1980s were a time of social and professional mobility — glass ceilings galore were smashed. At the same time British suburban families were putting up millions of their own glass ceilings at home, and these too should have been smashed.
The property is a double-fronted, four-storey Victorian house with a south-facing garden. It may not look it, but it was one of the most expensive properties sold in the UK last year, with a valuation of £20 million.
It’s a rainy Monday afternoon and Will Watson, a buying agent who sources expensive homes in London’s most exclusive areas, heads to a trendy hotel and restaurant in Marylebone to meet a potential client.
Buyers in prime London could be in for a frustrating few months ahead, as vendors shy away from listing openly in an uncertain market.
Sara*, a company director from east London, is relieved to be able to make her next property move thanks to the Bank of Mum and Dad — or just mum, in her case. Sara is no twentysomething trying to get her first foot on the ladder. She’s a 45-year-old in the throes of divorce.
According to the latest research (February 2023) by house price analyst LonRes prime London buyers pay, on average, eight per cent less than a property’s asking price. This proves that there is often substantial wiggle room between what a vendor would like for a property and what they will be willing to accept.
If you’re an international buyer interested in UK property, it can sometimes be hard to know where to start.
While there are no legal restrictions on foreigners buying property in the UK, there are still many hurdles to negotiate before you can seal the deal. Below you’ll find some useful insights on the key issues and what to expect during the property-buying process, as well as the potential pitfalls you might encounter.
Finding the right home can be time-consuming and taxing for high-net-worth individuals whether in London or out of it – so it’s prudent to make the search easier with the expertise of one of the best buying agents for prime property on your side.
The hundreds of prime and super-prime property experts ranked and profiled on spears500.com cover the most desirable postcodes from Mayfair to Muscat and, between them, know every detail of the market in countries all over the world.
Marking International Women’s Day, a global day celebrating the social, economic, cultural, and political achievements of women, PrimeResi speaks to female leaders from across the resi industry – including design, agency, marketing and development – to discuss their careers to date, proudest moments, and where they find inspiration…
A trophy address alone doesn’t do it anymore for buyers of London’s mansions. Along the tree-lined Avenue Road — a stone’s throw from Regent’s Park — with mansions priced at as much as £110 million ($134 million), there’s a burning question on the lips of prospective purchasers: How green are these homes?
The Russians are out; European buyers have gone. So, who are the new super-rich buying in post-Brexit London? After the exodus of the oligarchs from the capital’s most desirable quarters – from the Boltons in Chelsea to Belgrave Square – you might have thought the odd multi-million pound trophy pad might sit derelict for a while.
