London named the billionaire capital of Europe

Written on 2 April 2014 by Alistair Boscawen in London


London is the billionaire capital of Western Europe, with the highest number of “ultra-high-net worth individuals”.

Research has shown that billionaires are flocking to London – with more choosing to reside in the UK capital than in Paris and tax haven Geneva combined.

The super-rich are snapping up properties in London, with figures showing they favour large family homes, are usually married and have an average of 2.1 children. Some 67 billionaires have chosen  either a mansion in the “platinum triangle” formed by Mayfair, Knightsbridge and Belgravia, or alternatively a palatial residence in leafy St John’s Wood or Regents Park.

There are more than 2,170 billionaires around the world, with their combined net worth up from £1.85 trillion to £3.88 trillion.

For more information click on the source below:

The Independent

 

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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