Current location:Earthly Insights news portal > politics
How middle
Earthly Insights news portal2024-05-21 17:12:45【politics】2People have gathered around
IntroductionMiddle-aged multimillionaires are fuelling London's booming mansion market, as the average age for b
Middle-aged multimillionaires are fuelling London's booming mansion market, as the average age for buying a £25million home is now 41 — down 12 years in a decade.
Middle Eastern royals, Indian businessmen and tech billionaires are just some of the buyers purchasing a trophy home in Britain's capital, according to auction house Sotheby's.
A total of 54 homes priced at more than £15million were sold in the UK last year, according to the agency Beauchamp Estates, worth a combined £1.3billion.
The biggest purchase last year was by 'vaccine prince' Adar Poonawalla, who reached a deal with Dominika Kulczyk, daughter of Poland's richest man Jan Kulczyk, to buy Aberconway House — a 25,000 square foot home from the 1920s near Hyde Park.
The £138million price tag made the property the second-most expensive home ever sold in London and the biggest deal of the year.
The impressive red-brick residence is named after Henry Duncan McLaren, aka Baron Aberconway, a turn-of-the-century industrialist who built the Grosvenor Square mansion.
Adar Poonawalla bought Aberconway House - a 25,000 square foot home from the 1920s near Hyde Park
The price tag makes the property the second-most expensive home ever sold in London and the biggest deal of the year, according to luxury property agents
The Boltons in Kensington, London, are a pair of crescents which form the centre-piece of a fashionable residential area in Kensington. Number 22 (pictured) was on the market in 2017 for £57million
The next largest sale of 2023, according to agents, was the £113million purchase of Hanover Lodge.
Essar Group billionaire Ravi Ruia's family office bought the mansion in Regent's Park, which had been linked to Russian property investor Andrey Goncharenko.
It is understood London appeals to the super rich because of Britain's language, its location in Europe, its legal system and world-renowned universities and schools.
A row of houses in Elgin Crescent, in Notting Hill, London, where a terraced house was previously on sale for over £12 million
London appeals to the super rich because of Britain's language, location in Europe, it legal system and renowned universities and schools. Pictured: Grand Victorian mansions in Kensington
A period property in Islington, London which was pictured on September 7, 2019
According to The Sunday Times, middle-aged billionaires are looking for high-tech homes that have tennis courts which can transform into dancefloors, as well as expensive art and luxurious cars.
Not only do they want fixers to provide the homes, but with all the inner furnishings as well — and meeting the demand is causing a battle between the capital's high-end estate agents.
The Sunday Times revealed that Sotheby's will launch a 'billionaire' division next week which will be run by Marcus O'Brien, 31, who negotiated Britain's most expensive home sale — Rutland Gate.
The Knightsbridge property was bought by Chinese tycoon owner Hui Ka Yan before his company had to be bailed out by the Chinese government.
Originally built as four separate family houses, the grand seven-storey, stucco-fronted residence runs from 2-8A Rutland Gate, Knightsbridge
Property tycoon Hui Ka Yan, 63, secretly financed the purchase before his property company had to be bailed out by the Chinese government
The 45-bedroom mansion was formerly owned by a Saudi prince and a Lebanese prime minister, but was bought from the Saudi royals by the Chinese property tycoon for £205million.
There are just a handful of families in the world who can afford to buy, refurbish and maintain the mega-mansion.
Speaking to The Sunday Times, O'Brien said that today's buyers were 'far trendier and less stuffy' than their predecessors and wanted colourful homes in Notting Hill in comparison to those in Belgravia.
He said a lot of the people in the market at the moment tended to be closer to his age because money is becoming younger.
Address of this article:http://gabon.videocameralive.com/article-16d899977.html
Very good!(13)
Related articles
- Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
- European Sand Sculpture Championships held in Zandvoort, the Netherlands
- Dow drops over 700 points to end below 30,000
- 2022 UK Chinese Dragon Boat Festival celebrated in Salford
- Investigators return to Long Island home of Gilgo Beach serial killing suspect
- Americans decry gun violence, political inaction at nationwide rallies
- Xi Focus: CPC Leadership Meeting Calls for Rallying Powerful Force to Advance National Rejuvenation
- China to provide emergency aid of 200m yuan, including food, 3 million vaccines to Afghanistan
- Tom Brady and Jay
- (W.E. Talk) Confrontation in Sino
Popular articles
- Target to lower prices on basic goods in response to inflation
- China to provide emergency aid of 200m yuan, including food, 3 million vaccines to Afghanistan
- Tianjin welcomes tourists from 30 foreign countries on maiden cruise trip
- Aswan Forum kicks off in Egypt with focus on multidimensional crises in Africa
Recommended
US overdose deaths dropped in 2023, the first time since 2018
G7 seeks cooperation on evacuation, refugees amid chaos in Kabul
2023 Edition of 'Xi Jinping on the Belt and Road Initiative' Published
China's first artificial bred Pallas's cat dies
Fresh heartache for cancer
Senior Chinese diplomat urges U.S. to adopt rational, pragmatic China policies
Apple's China data center starts operation
Chinese vaccines prove their safety, efficacy: Lao deputy PM
Links
- 3 men charged in the UK with assisting the Hong Kong intelligence service
- Ballerina, 15, is killed in hit
- PGA CHAMPIONSHIP '24: Spieth gets another Grand Slam shot. Hardly anyone is talking about it
- Never mind faux
- Election 2024: Trump is in no rush to pick his potential vice president
- Wedding guest slammed for wearing a 'garbage bag' dress to the ceremony
- Greek and Turkish leaders seek to stress thawing relations but tensions remain under the surface
- George Clooney to make his Broadway debut in 'Good Night, and Good Luck'
- BAFTA TV Awards 2024 winners: Full list of who picked up gongs on the night
- Trump hush money trial: A timeline of key events in the case