The international appeal of property in London

Written on 13 June 2013 by Alistair Boscawen in London, Property News


Some of London's most exclusive areas are holding their appeal with input from international buyers.

It’s been well reported that much of the current buoyancy of the London property market is due to investment from overseas buyers. You only have to look at Battersea Power Station for proof – all 866 properties were snapped up by one Asian investor – in recognition of the investment potential of what has become one of the city’s fastest selling development ever.

But this interest doesn’t rest with Battersea – foreign investment from cash-rich celebrities and oligarchs and other investors has seen properties in some of London’s most exclusive areas sold to international buyers.

Billionaire’s Row is another fine example, providing residences for some of the world’s most wealthy people and embassies to whole countries.

Most recently, as reported in this article by London Loves Business, the Abu Dhabi royal family is poised to buy the exclusive Bupa hospital in Cromwell Road, Kensington. And the German Conley family recently snapped up Kensington Roof Gardens for a staggering – but unsurprising – £225m.

Continued investment in the city’s property market – whether from UK investors or those from overseas – is great news for our economy and helps keep exclusive areas exactly that. Property sales – especially in affluent areas – are helping to fuel the market recovery and that’s good news for the industry generally.

Image from www.freedigitalphotos.net

 

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

RELATED ARTICLES


New offices, homes and public space proposed for historic area of Mayfair
10 August 2020

Plans have been submitted to Westminster Council for a mixed development, bringing housing, shops, restaurants and a 31-bedroom hotel to Mayfair. Hopkins Architects, backed by the Duke of Westminster’s property company, Grosvenor, are behind the plans, which would create 14,000m² of office space and 5,000m² of shops and restaurants. The development is proposed for the […]

Read more
Five changes to eating out in London after lockdown
13 July 2020

If you haven’t yet ventured onto the streets of central London, you might be wondering how the capital’s restaurants have been adapting to the new normal. Since Saturday 4 July, pubs, cafes and restaurants have been allowed to open to the public, as long as social-distancing measures are in place, customers remain one metre apart […]

Read more

Contact Us

+44 (0)20 7730 9253
81 Elizabeth Street, London SW1W 9PG

Get in Touch