Chelsea is the most popular spot for the super-rich

Written on 20 August 2014 by Alistair Boscawen in London


Chelsea soars in popularity in seven-figure property boom

Chelsea is now the most popular area in Prime London, according to recently released data

An incredible 34 houses worth over a million are sold every day – with more than a quarter of the seven-figure property boom houses sold for over two million as prices soar.

Figures from the Land Registry showed that in April this year some 1,028 houses sold for seven figures, with 214 sold for more than two million. This means Chelsea is now the most sought-after spot to live in London, as Russian oligarchs flock to the area.

Over the last year there were 478 sales in Chelsea – with 57 of those homes costing over five million pounds.

For more information click on the source below:

The Daily Mail: http://www.dailymail.co.uk/news/article-2708620/Chelsea-desirable-spot-live-London-20-homes-sold-1-million-EVERY-DAY.html

 

Alistair Boscawen

Alistair has 32 years’ experience as an estate agent, starting in the country house department of one of London’s main international agencies before moving to the Knightsbridge house department of the same agency and learning the difference in values between freehold, long lease and short lease houses in Knightsbridge, Belgravia, Chelsea and Mayfair.

All articles by Alistair Boscawen

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