Kay & Co sees big rise in Middle East buying activity in UK capital as Hyde Park Gardens property comes to market
GCC investors are being offered a rare opportunity to own a $20 million apartment in one of the most prestigious properties in London.
The five-bed apartment in Hyde Park Gardens is being marketed by Kay & Co.
Hyde Park Gardens is famed for its terrace of elegant, stucco-fronted townhouses dating back to 1836, designed by architect John Crake, and has long been considered one of the most desirable places to live in London.
Martin Bikhit, managing director at Kay & Co, said: “It’s very rare these homes come up for sale, so we are delighted to be marketing this apartment in Hyde Park Gardens. It is without doubt one of London’s premier addresses. You will be in good company, this 19th-century London terrace has been home to many famous residents over the years, including movie star Keira Knightley and Queen Noor of Jordan.”
He said 2017 saw 22 percent of buyers coming from the Middle East, a figure which has risen by another 10 percent in the first half of 2018 and is expected to increase further in the second half of the year.
“We also see repeat investors from the Middle East who are doing business here or have children in school in the UK. They prefer luxurious apartments in historic buildings with lifts, concierge and underground parking. Penthouses with views of Hyde Park from Mayfair or Bayswater are desirable options,” he added.
The property for sale has been modernised and refurbished to the highest standard by its current owners, featuring bespoke joinery throughout and a wide array of luxury fittings and touches, he said.