Your current location:HOME >opinions >How middle 正文
TIME:2024-05-21 06:54:36 Source: Internet compilationEdit:opinions
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.
Amtrak train hits pickup truck in upstate New York, 3 dead including child2024-05-21 06:53
Dedicated Nurse Thrives on Several Front Lines2024-05-21 06:49
Knitting Teacher Casts off Gloom2024-05-21 06:33
Rural School Teacher Heartens 'Left2024-05-21 06:30
Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit2024-05-21 06:14
China's top legislature to strengthen recording, review of normative documents2024-05-21 06:10
Japan teen Anraku wins Asiad men's combined sport climbing2024-05-21 06:03
Giving Children in Mountains More Chances to Excel in Life2024-05-21 05:48
'The Apprentice,' about a young Donald Trump, premieres in Cannes2024-05-21 05:18
NPC Deputy from Hunan Province Dedicated to Improving People's Livelihood at Grassroots Level2024-05-21 04:59
Mystery artist who erected signs comparing pothole2024-05-21 06:25
Pic Story: Girl from Taiwan Helps Her Mother in Agricultural Company in Fujian, China2024-05-21 06:18
DPRK's Kim claims Asian Games weightlifting title with new world record2024-05-21 06:17
Chinese Artistic Swim Sister Duo Bags Back2024-05-21 06:14
Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky2024-05-21 05:48
China issues red alert for tsunami2024-05-21 05:17
China Beats Thailand to Keep Olympic Qualification Hope Alive2024-05-21 05:08
Ditch the head to toe tweed, DO wear skinny jeans2024-05-21 04:52
Six killed in a 'foiled coup' in Congo, the army says2024-05-21 04:27
China's Wang Lili Named FIBA 3x3 Women's Series MVP2024-05-21 04:19