There's one possession on which billionaires are spending a fortune and making a killing property penthouses stately piles fairytale palaces to leave no one in doubt whose King they're building fortresses highlights refer to them as embassies for tunes are lavished on their transformation we've also house the country the other day but it had two swimming pools off the bedrooms on the top floor why two one for each child ask a silly
question these people did very poetic lifestyles they'll often have five six seven houses they don't actually live anywhere which means that they don't make friends with other people because they're never in one place long enough there's a sense of impermanence in a lot of their houses because they don't invest in their lives in the same way that we do bed it's just stuff it's all tradable these are the most coveted houses in the
world but too many billionaires they're not so much homes as appreciating assets I can think of one plant who has multiple properties one in the country and every morning the housekeeper make sure that the flowers are fresh and the water in the visors is clean and the driver and the handyman makes sure that everything's working and the employer has never slept there there's one city that attracts the International super-rich in their droves London the London's
becomes a billionaire capital of the world their wealth as acceleration of the rate that one person we couldn't believe was possible 15-20 years ago the rich are getting richer and certainly that gives them opportunities they're buying more and more properties around the world the biggest draw for London to super billionaires is somewhere to park money let's invest it in property it's so buoyant at the moment London such as bubble today London is a home
of sorts to over 100 billionaires when everyone is moaning about overseas people buy in London this is not bad this is a sign of success just look at the skyline now with all all of these buildings they weren't here 15 years ago waves of excited foreign buyers sashing into the UK property market have created a whole new class of real estate it's known as super Prime they're queuing to snap up top-end British real
estate gems like this twenty five million pound mega mansion in North London the gardens are exquisite it's got a magnificent little lodges you come in it's got a guest house it's got garage inge and of course it's got a nine hole golf course which I don't think many houses have in prime central London a 20,000 square feet there's enough room to swing a tiger in here and toy wise well even the most restless
billionaire would be struggling to complain but then there's no accounting for taste I can't really see the benefit of the cinema which means you've got to invite people over to watch a movie well do you really want to do that I mean you've got people who've got televisions in every single room including the bathroom and you wonder how much time you can spend in a bath watching a movie you know like an old
prune at the end of it all the type of buyer who's looking for a house like this will want to perhaps replicate what he has in his own country it's more likely to be somebody who is Eastern European for example from Moscow you live just outside Moscow or it'll be a middle-eastern family where bedroom count is very important and Gardens are very important they very much want new and they want shiny because
they're purchasing very much in order to impress their friends and to some buyers nothing screams unimpressive like a lot of stairs to climb clients the Middle East stairs are a no-no and I mean just steps up to the front door they don't do even a sort of first floor apartment would need to have lift so that's their priority and I know it sounds corny but proximity to Harrods is absolutely what it's all about London
property is an asset class in itself people are actually buying property just in the same way they buy why this money is making money faster than a worker bee can can make money so capital makes more money for itself than somebody working to earn a living but the Sharia high-end house hunter property is all about one-upmanship who's the boss who has just bought Witten Hearst in Highgate North London once refurbished it's set to
be worth around 200 million pounds it's the second largest mega mansion in London after Buckingham Palace well as always one isn't there but size isn't everything for another group of billionaire property buyers what Stokes their argA is location just like a four horse race if you put a leader table of dog gravy would be at the top then followed by Knightsbridge Mayfair and Chelsea Andrew Langton has been selling London super prime for nearly half a
century if you are approached by a buyer who says I want to find a house for scale volume important location you've got to say well Belgrave square is right at the top of the list I mean like Seaford house over here and I mean that is as fine a house as you'll ever see anywhere in this town over the last 10 years you've seen a dramatic rise I mean I remember selling a
house on the south side for no more than about 1617 million that house today has obviously appreciated by at least 50 to 60 million this gradually will be known as billionaire square ordinary mortals buy to live in billionaires buy to leave alone I don't think I have ever bought a property for an uber wealthy person four weeks of the year one of my clients has this as an amazing estate with huge acreage stables
full staff all the time there in the country 12 days last year I have a concern that London is going to be an enlarging ghetto of vacant properties like these vacant North London houses on what's known as billionaires row I've seen examples of that particularly Hampstead where one owner had about seven houses and there were more butterflies flying around that house and the word people because the manor buddleja growing out of the roof
a very rich person once told me when he was explaining his his little elaborate plans to move around the world is having this Melia we don't we travel I don't think that there is that kind of heart of the home that we have in my house everybody gravitates towards the kitchen to me that's home but I don't think that the ultra-rich necessarily have that coming up when property gets extremely expensive even for the
very wealthy the Venetian Palace is obviously one of the most expensive...
See more here: https://www.youtube.com/watch?v=8DTn3Kt36yc
