Indians among Top Prime Central London Property Buyers
Buyers from Hong Kong, the United Arab Emirates and India currently lead overseas interest in purchasing apartments and houses in Prime Central London’s best addresses, alongside domestic UK applicants working in finance and law. DEXTERS‘survey looked at what buyers are seeking to purchase across London’s central addresses including Mayfair, Marylebone, Fitzrovia, Covent Garden, Westminster, Chelsea, Knightsbridge, South Kensington, Kensington, Notting Hill, Westbourne Grove and Hyde Park. Within these central addresses DEXTERS portfolio of properties includes homes for sale priced from GBP2 million to GBP20 million and lettings priced from GBP1,250 per week to GBP30,000 per week. The survey found that buyers are currently willing to pay a premium for homes which have their own private entrance (rather than a shared hallway) or offer a large terrace or garden. The DEXTERS survey found that the addresses currently most popular and desired by buyers included Mount Street and Grosvenor Square in Mayfair; the ‘Old Chelsea’ addresses of Cheyne Row, Upper Cheyne Row and Glebe Place; Marylebone Village in Marylebone; Old Queen Street and Queen Anne’s Gate in Westminster; Warwick Square, Ecclestone Square and Moreton Place in Pimlico; and Onslow Gardens and Cranley Gardens in South Kensington. At present DEXTERS is finding that the largest numbers of overseas buyers originate from Hong Kong, Singapore, the United Arab Emirates, India, America and Italy, with the vast majority (over 80 per cent) being cash buyers with no need for mortgage finance. Currently the most popular type of property with overseas buyers in Prime Central London is a spacious two bedroom apartment with an outside terrace located in an apartment building providing a hotel-like concierge or porter.
Tags : INTERNATIONAL