The green shoots of an economic recovery have encouraged some ultra-high-net-worth individuals to put their properties on the market, after a long period of taking a ‘wait and see’ approach.
This is the conclusion of a recent report, which notes that there are more £50 million-plus mansions in central London for sale at the moment than at any time on record, with around £1.7 billion worth of property either on the market, being prepared for sale or having been sold in recent months.
It has been reported that about 14 so-called “mega-homes” are currently for sale, with an average value of over £120 million. These range from 39 Charles Street, a Grade II listed Regency Mayfair townhouse on sale for a relatively modest £50 million, up to the vast 2-8a Rutland Gate near Hyde Park, for which the owner is asking a reported £300 million.
“This is a good time to be looking for a prestigious central London home, as the recent rise in availability means pricing for properties is somewhat more competitive,” said Inessa Falina, the head of Ashton Rose, London’s leading boutique property search company. “However these are, of course, exceptional properties, and so the market for them is still going to be extremely exclusive”.
Source: standard.co.uk
