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by Simon Barnes

The Mirror: London’s most expensive home of the year?

Luxurious £90m mansion has ballroom for 200 people

Simon Barnes, an independent property consultant, who has been inside the mansion says that it ”ticks all the boxes” and was “incredibly sellable” despite the rumoured £90 million price-tag. He said: “It is a big house in Mayfair, with its own mews home. It is very rare.”

“These properties were built as houses, but then they became too big to run. During and after the war they were used for commercial purposes and the mews homes were sold off. Times have changed and there is now a demand for big family houses.

There are around 20 people actively looking in this market and many more who could afford to be, but there is a shortage of homes. This is what makes the home on Upper Brook Street so rare. It ticks all of the boxes: there are grand entertaining spaces, fantastic bedroom suites, accommodation for staff, and you can drive numerous cars into it to park.”

“The house has been renovated to an exceptional standard. This combination made it incredibly sellable. If it didn’t have one of these it might have taken years to sell.”

Mr Barnes added: “It is one of the biggest deals of the year. “You could save all the tax in the world by moving to Switzerland but if you have no life then you might as well be on Mars. That’s why people choose London. Invariably, location will win. ”

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Filed Under: Press Tagged With: London's most expensive home, Mayfair, Mirror

by Simon Barnes

Ashwaq Al Aswat: The Active PCL Property Market

خبراء عقار: القطاع الفاخر في لندن هو الأنشط

الاقبال يتزايد على ما فوق 50 مليون إسترليني

Simon Barnes comments:

‘I think we all know PCL prices have been plateauing for some time now, but in reality, in many places prices have simply been too high and this, together with the threat of Mansion Tax and the increase in Stamp Duty, have been responsible for stalling the market. It was clearly a relief to have a definitive election result as far as PCL property was concerned, however it was very unwise of anyone to believe this would have an immediate and dramatic impact on market activity. A number of global events have influenced international buyer activity in PCL…in particular the speculative investment buyers from Russia and the Middle East who have been noticeably less active. However, there is still strong desire from overseas buyers to both build and buy in PCL

Looking ahead into next year, I believe that prices will continue to rise but perhaps not at the same rate as we’ve seen in the past few years. Domestic buyers are becoming increasingly aware that for better value for money…their search may well need to extend beyond PCL.”

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Screen Shot 2015-07-20 at 14.44.44

Filed Under: Press Tagged With: PCL

by Simon Barnes

Ask Simon Barnes

Simon-Barnes1-e1362391770530-480x480If you could own any house in Mayfair which would it be?

A family mansion on either Grosvenor St or Brook St with the separate mews house. There are so few of these properties in London but the ones that are available have been upgraded for modern day living and provide the very best and biggest space in PCL.

How much value does a property with a garage add to a property in Prime Central London?

Once you enter a certain level of the market, a separate garage is essential and not price driven. It is more about the overall desirability of a property with separate, secure parking than it is about actual value. Privacy, convenience, security are all boxes that must be ticked for buyers of top end property and that means having private parking…usually for more than one car.

Who buys property in London in the summer months and is it possible to negotiate harder in the holidays?

Domestic buyers tend to be less active over the summer months..particularly once schools break up. But as they leave, other nationalities arrive ie. ME, Asian and Indian buyers…all of whom have traditionally been a strong force in the market over the holiday period and this year looks set to be no different. However it isn’t possible to ‘negotiate harder’ as it is a very different market. These overseas buyers don’t tend to be looking for family homes and lifestyle purchases…they are looking to make sound investments in prime addresses.

Filed Under: Ask Simon Tagged With: ask simon, garages, Mayfair, summer buying

by Simon Barnes

The Mirror: Inside Britain’s most expensive house that is set to be sold for up to £280million

The property is thought to be owned by Saudi royals, but after three years on the market they may be about to sell it

Simon Barnes, a property consultant, added: “There have been several offers on the building but you would never talk about it. “If you are the selling agent you wouldn’t talk about it. If you were a genuine buyer you would absolutely want everything kept confidential. You would end up with a frustrated buyer. If someone found out who the bidder was they would be absolutely livid.”

The property, believed to be owned by Saudi royals, is one of the capital’s very few ‘mega mansions’.

READ THE FULL ARTICLE IN THE MIRROR

most expensive house

Filed Under: Press Tagged With: most expensive house

by Simon Barnes

Spear’s Magazine: Simon Barnes comments on the prospects for Prime Central London property

Mayfair-based property adviser Simon Barnes reflects on a turbulent Prime Central London market

I think we all know Prime Central London prices have been plateauing for some time now, but in reality, in many places prices have simply been too high and this, together with the threat of a mansion tax and the increase in stamp duty, has been responsible for stalling the market. It was clearly a relief to have a definitive election result as far as Prime Central London property was concerned, however it was very unwise of anyone to believe this would have an immediate and dramatic impact on market activity.

READ THE FULL ARTICLE IN SPEAR’S

Spear's July 2015

Filed Under: Press Tagged With: Prime Central London

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