The Top 10 Tips For Selling Safely Online
3 Essential Tips When Looking For Property To Rent
3 Great Benefits Of Private House Sales
3 Ways To Make The Property Market Work For You In 2012
London Property Guide for 2012
London property prices could see an upward push after it was revealed that a Chinese Billionaire has spent a £33 million on Belgravia home in London.
The Chinese are overseas buyers that carry with them untold fortunes and are said be taking the place of Arabs and Russians. International buyers who have in the past meant that the London property market remain buoyant.
Chinese Billionaire Joseph Lau, who has a £2.5 billion fortune bought a six-floor mansion in Eaton Square, Belgravia. The white stucco house has its own cinema, a swimming pool, and gym and servant quarters. Lau, 57, made his money in the 1990s as one of Hong Kong’s most controversial corporate raiders. His son, Lau Ming-wai, studied at the London School of Economics and worked for Goldman Sachs.
According to a world wealth report published by Merrill Lynch and Capgemini last year, the number of dollar millionaires in China outstripped the number in the UK for the first time in 2008. Only the US, Germany and Japan now have more millionaires.
The average cost of a London home in the most expensive street in England and Wales has soared by £300,000 during the past year, research has showed.
Chester Square in Belgravia, London, held on to its title as the most expensive place to live in 2010, with the average property there costing £6.6 million, according to housing information website Mouseprice.
© Housing Market News by The Little House Company
