London can be a very expensive city – but not for some.
A mysterious billionaire of American technology may have bought one of the UK’s most expensive homes for nearly half its original $ 314 million, according to Times of London. Still-stratospheric amount: $ 172.83 million.
The seller is the family of a Saudi prince, former Defense Minister Khalid bin Sultan Al-Saud, who bought the property for about $ 42 million in the late 1980s before losing it to the creditors. This transaction, despite the deep descent, marks the second most expensive dwelling agreement ever recorded in the History of the UK, according to The Times.
Also known as the “White House” of London, the 40-bedroom palace inside the Regent Park lands in a lake over 4 hectares in the heart of its city, its underground pool, hall and tennis court.
Other sources, however, said the buyer could be a new billionaire of Hong Kong -based cryptocurrencies.
Either way, Americans have usurped Russian oligarchs, petrol princes in the Middle East and Chinese Mogul to become “1 Buyers that dominate the London real estate market,” said Rory McMullen, who leads the office private savils.
“London has captured the interest of Americans looking for a mix of old world charm and modern luxury – think that” Downton Abbey “meets Wall Street,” said CEO of Corcoran, Pam Liebman, Savills State Partner. “The elastic housing market is a smart act for anyone who wants to diversify their portfolio.”
A strong US currency and the fact that house prices have lowered 10% from last fall also helps in the British purchase of Americans.
“We have had a lot of attraction to the main property in London,” said Jenny Lenz, managing director of Dolly Lenz Real Estate. “Clients finally think that we can provide them with good deals. They love London as a European cultural home base and Americans are very welcome, so they can do business. “
The sale of residence comes after Larry Ellison-Coconut of the Oracle Software Giant, who wants to buy Tiktok with the Trump administration bought a trophy building in London in December by Joseph Lau, a fugitive-based manager in Hong Kong Sentenced to bribe and money and money and money and money and money and money laundering in Macau, according to reports.
The 207-year-old Georgian residence is also known as Holme, which means “River Island” in Saxon-and once called “a definition of Western civilization in a single view” by British architecture Ian Nairn.
At 29,000 square meters, the settlement also feels an official dining room, elevators, fires, eight garages, a gym – and millions of dollars of gold. Your ZEDRA, a Luxembourg -based property management company that operates beliefs for the rich, is purchased.
The ranking drew its right part of the bidders.
“Next to a wonderful home, but it needs a considerable renovation,” a mediator familiar with the Gimme Shelter deal told him.
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