Today we're humoring ourselves and getting hyped up for the Olympics. We're looking at some of the glamorous real estate in London and let me tell you, it sure is luxurious!
London is home to the most expensive condo complex in the world, One Hyde Park. This is where you can find plenty of wealthy folks purchasing homes that they only live in part time. Condos have been sold for as much at $221 million in this building and it is truly glamorous. Just take a look at the One Hyde Park website and glance at the 5-bedroom condo that spreads itself across 9000 square feet. Interior designers have put their touch on everything and the building is graced by fine retailers such as Rolex.
To further emphasize the luxury living in London Boston.com ran a little story comparing real estate in London with homes back here in Boston. And although their comparisons were not exactly perfect matches it certainly could make anyone feel like they were getting a bargain when buying in Boston. The biggest gap in price could be found in suburban single-family homes, running almost $300,000 more in London.
London is also one of the word leaders in international home buyers, meaning that many places like One Hyde Park are being purchased by politicians, diplomats, and royalty from all over the world. London is not only a vacation spot, but also the desired second home for wealthy everywhere. Beyond this, property values in the city continue to rise, even as values around the rest of the country drop. London is a thriving city that everyone wants to be a part of and for two weeks everyone can feel like a piece of them is there, enjoying the Olympic games.