Your current location:HOME >politics >How middle 正文
TIME:2024-05-21 14:22:43 Source: Internet compilationEdit:politics
Middle-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.
Mystery artist who erected signs comparing pothole2024-05-21 13:48
Chicago woman pleads guilty, gets 50 years for cutting child from victim's womb2024-05-21 13:41
Jon Bon Jovi says son Jake and future daughter2024-05-21 13:35
Police seeking arrest of Pennsylvania Rep. Kevin Boyle2024-05-21 13:30
French sports minister calls for sanctions after Monaco player tapes over anti2024-05-21 13:22
Taylor Swift's New Heights Coachella cap is back in stock2024-05-21 12:35
Leg issue keeps IF Jake Cronenworth out of Padres' starting lineup2024-05-21 12:16
Governor's pandemic rules for bars violated North Carolina Constitution, appeals court says2024-05-21 12:13
Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car2024-05-21 12:02
New leader of Jesse Jackson's civil rights organization steps down just months on the job2024-05-21 11:50
What's next for Iran after death of its president in crash?2024-05-21 14:19
Countdown clock for Paris Olympics hits 1002024-05-21 13:45
Johnny Depp embraces co2024-05-21 13:03
Mets rally in 7th and score the go2024-05-21 12:49
Kevin Pillar gets 1,000th career hit in Angels' win at Texas2024-05-21 12:29
Experts reveal the most stressful time of day... and how YOU can ease the pressure2024-05-21 12:27
Connecticut's top public defender denies misconduct claims as commission debates firing her2024-05-21 12:14
Oregon State RB Damien Martinez among players entering transfer portal as spring window opens2024-05-21 12:05
Shooting injures 2 at Missouri high school graduation ceremony2024-05-21 12:01
Paris Hilton, 43, shows off her toned figure in a leopard2024-05-21 11:37