If this doesn't shout "CONFIDENCE" in the London property Market, nothing will!
London's second most expensive home ever sold spells confidence to the wider property market. Could 2025 be a good year for the market?
Before we round up January, there has been a lot of the usual talk of uncertainty this... and this year looks like it is going to be that.... We have heard it many times before and likely going to keep hearing it until the cows come home.
But in the spirit of "keeping up appearances" property is still a sound investment otherwise this home, which is London's second most expensive home ever sold AND one of the most expensive in the world, would NOT have sold in January 2025!
Of course we are talking about "The Holme" which is a 200 year old Regents Park Mansion, by architect James Burton, which sits on a 4 acre plot in the inner circle of Regents Park, in central London. It was in the hands of the Saudi royal family before it was repossessed and sold.
So. How much did this mansion sell for? £139 million, yes you read that right £139 million British Pounds.
If you are wondering how much the Stamp Duty would be well that depends if it is their first purchase or an additional purchase but we have crunched the numbers:
Are you sitting down?
Assuming this is a first purchase: £16,591,250
Assuming this is an additional purchase: £23,541,250
Not a bad little income earner for HM government on that deal!
Who is the buyer? According to the media the buyer has been listed as Zedra Trust Company Limited, a private wealth company, most likely to protect the true identity of the buyer according to the various media articles.
Whoever the buyer is, this is nonetheless good news for the wider property market as this transaction is a seal of approval that London real estate makes sense as an investment. Could 2025 be a good year for the property market?
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