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London is definitely a hot spot - for
lifestyle and investment. More and more citizens of the world are
choosing London as a base and fortunately residential rentals are flattening
and becoming affordable. This means that some luxury real estate is
becoming affordable. Asking prices in Kensington and Chelsea,
Westminster and Camden are 10% lower than in September 2002. Demand for
homes below the 3% stamp duty threshold of £250,000 is especially strong for
locals.
- The Mirror
newspaper described Madonna's home in Belgravia as 17 metres
high, seven metres wide with six bedrooms, a wood panelled library and a
dining room topped by a stained-glass dome. The paper said that there
was an oval-shaping swimming pool in the basement, a drawing room that
opens on to a roof terrace and an annex with a fully-equipped gym. And
it's just around the corner from Knightsbridge, home to Harrods and other
exclusive stores.
- Nina
Wang named as wealthiest
woman in the UK
- Multi-million
pound property deals
- Claudia Schiffer has purchased a
residence in fashionable Notting Hill
- Andrew
Lloyd Webber's mansion for sale
- more London
Property News
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